Press release
Simulation and Test Data Management Market: Production, Sales, Supply, Demand, Analysis & Forecast to 2020
FMI forecasts the simulation and test data management market to grow at 12.5% CAGR during the forecast period 2016-2026, and is expected to reach US$ 480.6 Mn in terms of revenues by 2026 end. Software segment is estimated to hold the largest share among the components segment, accounting or US$ 354.7 Mn by 2026, up from US$ 108.8 Mn in 2016.
Request Sample: https://www.futuremarketinsights.com/reports/sample/rep-gb-1868
Increasing demand for data management software to protect against loss of data generated is one of the main drivers of simulation and test data management market
The simulation and test data management market is anticipated to witness a significant revenue growth during the forecast period, owing to increasing demand for data management software to protect against loss of data generated from simulation and test software, increasing efforts to reduce time-to-market company's product and need to manage and analyse data generated from simulation and test data management software etc. Moreover, demand from verticals such as automotive, aerospace & defence etc. is expected to increase as simulation and testing software are already used on wide scale in these verticals and thus there is a greater need to have a data management software.
High development costs associated with simulation and test data management software, coupled with a long recovery period are the major challenges faced by simulation and test data management market. Transferring large amount of data from simulation and test data management software to computers can be a time consuming process, which is another challenge for the adoption of this technology.
Report Link: https://www.futuremarketinsights.com/reports/simulation-and-test-data-management-market
Software segment is expected to account for maximum market revenue share by 2026
Among all the components, software segment is expected to account for maximum market revenue share by 2026, as software being a very important component of this market. In software sub-segment, hosted software category is expected to witness highest growth rate during forecast period, followed by on-premise software.
Aerospace and defence vertical is expected to increase at highest growth rate during the forecast period
In the vertical segment, aerospace & defence vertical is expected to increase at highest growth rate during the forecast period, followed by automotive vertical. Increasing expenditure on aerospace & defence verticals by major countries is expected to drive the demand for this verticals.
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Simulation and Test Data Management Market: Production, Sales, Supply, Demand, Analysis & Forecast to 2020 here
News-ID: 707771 • Views: …
More Releases from FmI
Cow Colostrum Market to grow at 6.3% CAGR through 2031
According to a recent market study by Future Market Insights (FMI), the global cow colostrum market is projected to display a CAGR of over 6% during the forecast period from 2021 – 3031. According to a field survey conducted by ColoPlus AB, the use of colostrum in medical nutritional food boosts the immune system of children diagnosed with acquired immune deficiency syndrome (HIV/AIDS), as well as lowers the risk of…
Quillaja Extract Market likely to surge at a vigorous 10% CAGR during the assess …
Future Market Insights’ (FMI’s) study has projected the quillaia extract market to reach a valuation of 11.9 Mn in 2021. Rising focus on including natural ingredients in pet food will create opportunities for growth between 2021 and 2031.
Demand for nutritional and plant-based ingredients in pet food from the pet owners is pushing the production adoption of quillaia extract, widening growth opportunities for the manufacturers. Increasing awareness about the pet’s food…
Postnatal Health Supplements Market likely to surge at a vigorous 7% CAGR during …
In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers details about key factors driving demand for postnatal health supplements. The report tracks the global sales of postnatal health supplements in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the dietary supplements industry in general, and postnatal health supplements in particular.
The global postnatal health supplements market is forecast to expand at…
Citrus Seeds Market to grow at 6.3% CAGR through 2021- 2031
In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights about key factors driving the demand for citrus seeds. The report tracks the global sales of citrus seeds in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the food and beverage industry in general, and citrus seeds in particular.
Request a free report sample to obtain authentic analysis and comprehensive market…
More Releases for Simulation
Automotive Driving Simulator Market will register a 2.8% CAGR by: AV Simulation, …
The Automotive Driving Simulator market research provides the global reach of the market and analyses the market for the startups to give them well informed insights and help them grow in the market scope. The Automotive Driving Simulator market report presents significant insights on sales, revenue, stake, size and growth.
Over the next five years the Automotive Driving Simulator market will register a 2.8% CAGR in terms of revenue, the global…
Motion Simulation Market - Demand for Simulation and Modeling Technologies Excel …
Motion simulation provides various quantitative information regarding the kinematics, such as position, velocity and acceleration along with the dynamics including joint reaction, inertial forces and power requirements of the different components involved in a moving mechanism. Motion simulation is primarily used to provide simulated trainings that helps to eliminate mistakes at the time of doing task on the field. Simulated training was initially used across various defense and automotive applications.…
Medical Simulation Market -
Medical Simulation Market by Product & Service, Fidelity, and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023," the global medical simulation market was valued at $986 million in 2016, and is projected to reach $2,526 million by 2023, growing at a CAGR of 14.3% from 2017 to 2023. By product & service, the model-based simulation held more than half of the global medical simulation market in 2016.
Access Full Summary…
Emerging Trends: Bio Simulation Market By Key Players: Certara USA, Simulation P …
Qyresearchreports include new market research report Bio Simulation to its huge collection of research reports.
This report studies the global Bio Simulation market status and forecast, categorizes the global Bio Simulation market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, India, Southeast Asia and other regions (Central & South America, and Middle East & Africa).
Biosimulation is…
Simulation Software Market - Adoption of Simulation in Automotive Sector to Offe …
Transparency Market Research states that the competition amongst the players operating in the global simulation software market is likely to intensify. The key companies, Altair Engineering, Inc., SimScale GmbH, The AnyLogic Company, ESI Group, Autodesk Inc., Dassault Systemes, are looking at mergers and acquisitions to create talent pools and benefit from one another’s brand value. For instance, in April 2017, Etteplan, an engineering company from Europe partnered with Mevea, a…
Military Simulation and Virtual Training In Global Market By Product Type - Flig …
Researchmoz added Most up-to-date research on "Military Simulation and Virtual Training In Global Market By Product Type - Flight Simulation, Vehicle Simulation, Battlefield Simulation & Virtual Boot Camp" to its huge collection of research reports.
In this report, the global Military Simulation and Virtual Training market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR…
