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Global Cloud-based Simulation Application Market - Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024
Cloud-based simulation applications use simulated storage and operational capabilities organized through remote servers. Cloud-based simulation applications uses advanced computing and remote functioning capabilities safely and easily accessible to designers and engineers. Simulator applications provide sophisticated functionality package & deliver numerous functional benefits such as reduced physical prototyping costs, faster time to market, and deployment of higher quality products. Tools such as Fusion 360, a 3D CAD/CAM, and CAE revolutionized mechanical automation segment. Fusion 360 has induced simulation to its cloud-based platform. It connects overall product development process in an individual cloud-based platform that functions with numerous operating systems.
The global cloud-based simulation applications market is a large and growing market. This market demands huge investments in channel partnerships, technology, service delivery, and integration. The market of cloud-based simulators is expected to attain an upsurge in growth as the consumers appear ready to trade modular on-premise performance for integrated service delivery thereby inclining a phase change in the deployment of simulation-based systems for numerous industry verticals.
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Cloud-based simulation tools simplify software and hardware administration and the deployment of infrastructure is also fast. This distinct norm is anticipated to serve as a major driver for the cloud-based simulation segment as enterprises are experiencing a revolutionary technological transformation from physically managed storage systems to cloud database technologies. Dynamic functional capabilities of cloud infrastructure permit IT decision makers from various industry subdivisions to select specific cloud provisions that are best suited to the application & computing workloads and are cost effective in use. Alignment of cloud-based simulation substructure as per business requirements reduces associated capital expenditure (Capex) and operating expenditure (Opex) of IT. Furthermore, shortcomings of traditional server-based simulators are expected to act as major driving factors for the cloud-based simulation applications market.
On the other hand, restraining factors such as, initial high capital investments and selection of suitable cloud infrastructure partner are some factors that are expected to hamper the cloud-based simulation systems market growth. Better workload performance delivery, just-in-time (JIT) delivery and integrated management approach administration would be foremost opportunities for the cloud-based simulator application vendors. Industry vendors would witness decisive challenges in terms of monetization of the user base and dependency on Internet networks.
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Cloud-based simulation applications market can be segmented on the basis of industry-specific applications, end-users, and functionality. Based on applications, cloud simulator systems market can be segregated into BFSI, education, telecommunication, retail, government, healthcare, media, manufacturing, and oil & gas application subdivisions. Cloud-based simulation applications can also be classified on the basis of end use into small & medium businesses (SMBS) and large enterprises. Furthermore, based on functioning capabilities, the industry can be segmented into the discrete-event simulation, dynamic (continuous-time operative) simulation, and hybrid simulation applications.
The North American and the European markets are anticipated to report considerable growth in the cloud-based simulation systems due to increasing industry standard concerns regarding multiplatform functionality, security of data and business operations. The Africa and the Middle East markets would mature over the forecast period following an evolution within the data center management policies and a shift in focus towards efficient infrastructures. Asia Pacific and China regions are expected to witness market traction on account of growth in terms of revenue owing to evolving IT sector practices, and presence of manufacturing units of various sectors.
The top companies providing the cloud-based simulation applications comprise of Autodesk, Inc. (Fusion 360), Future Facilities (6SigmaET), Exa Corporation (ExaCloud), Fieldscale, ANSYS Inc., Simcore Software, MSC Software, SimScale, Siemens PLM Software, SOASTA, Inc., CD-adapco, Dassault Systemes, and Mentor Graphics
The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape.
The study is a source of reliable data on:
Key market segments and sub-segments
Evolving market trends and dynamics
Changing supply and demand scenarios
Quantifying market opportunities through market sizing and market forecasting
Tracking current trends/opportunities/challenges
Competitive insights
Opportunity mapping in terms of technological breakthroughs
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
Middle East and Africa (GCC, Southern Africa, North Africa)
TMR estimates the market size of various sectors using a combination of available data on the number and revenue of companies within each sub-sector and tiers of companies. The basic components used to determine market size and forecast for a specific product area are not only limited to supply-side data, but are also related to demand, industry trends, and the economic outlook. All the above data points are utilized to generate a statistical model targeting the sector marketplace. More than 300 TMR analysts across the world integrate these elements into a framework to determine the subsector market size for a base year and then forecast growth within each market.
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TMR regularly interviews technology and business professionals as an ongoing effort to track the latest developments within each sector. These continuous surveys are stratified by company size and industry segment and weighted to reflect the global market place. All data are collected on an ongoing effort through a structured questionnaire rolled over the web or conducted via telephones. This provides the TMR team opportunities to request for detailed question sets, complex skip patterns, and real-time calculations, which assists respondents in answering questions involving numbers and percentages. Respondents, who are interviewed as experts, are screened and qualified based on certain criteria in addition to their decision-making authority and the scope of activity within their organizations.
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