Simulation & Analysis Software Market is expected to witness a CAGR of around 7% over the forecast period 2022-2031.
“A research report on Simulation & Analysis Software Market was added by SDKI in its database which discusses the product as well as the scope of its market in detail. The report provides the business clients with an in-depth overview of the market, giving an analysis of the market trends, market size, market value and market growth over the forecast period on a compound as well as on a yearly basis. Further, the market study gives an overview of the industry on the basis of several factors such as the geographical extent, market segmentation, growth drivers and challenges prevalent in the market.
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Simulation & analysis software market is slated to grow at a CAGR of over 7% by 2022, on the back of technological advancements, rising levels of demand for innovative and superior quality products from various regions, high expenditure on aerospace & defense and boost in need for application-specific simulation software across the world. Rising requirement of application-specific simulation software can be accounted to its utilization in automotive end use industry to minimize manufacturing cost and reduce product lead time. Moreover, paradigm shift towards manufacturing of eco-friendly products and development of infrastructure to upsurge deployment of next generation technologies, such as artificial intelligence, robotics, etc., are expected to prompt integration of simulation & analysis software in product development lifecycle.
Years considered for this report:
• Historical Years: 2012-2015
• Base Year: 2016
• Estimated Year: 2017
• Forecast Period: 2017–2022
Objective of the Study:
• To define, classify and forecast the global simulation & analysis software market on the basis of product type, end-use industry and regional distribution.
• To analyze and forecast the global market size of simulation & analysis software, in terms of value.
• To assess the detailed market segmentation and forecast the market size, in terms of value, and on the basis of end-users by segmenting the global market into five regions, namely – North America, Europe, Asia-Pacific, Middle East & Africa, and South America.
• To identify the tailwinds and headwinds for the global simulation & analysis software market.
• To evaluate impact of simulation & analysis software on product innovation, and facilitating industrial growth worldwide.
• To analyze and forecast the market size, in terms of value, for simulation & analysis software with respect to key end-users such as automotive, aerospace & defense, electrical and electronics, etc.
• To strategically profile the leading players in the market which are involved in the supply of simulation & analysis software, globally.
Global simulation & analysis software market is controlled by these major players, namely– ANSYS, Inc., The MathWorks, Inc., Siemens PLM Software, Dassault Systèmes SE, Altair Engineering, Inc., SimScale GmbH, Autodesk, Inc., SYNOPSYS, INC., COMSOL AB, Bentley Systems, Incorporated, Exa Corporation., CPFD Software LLC, Texas Instruments Incorporated, ESI Group and Design Simulation Technologies.
SDKI performed both primary as well as exhaustive secondary research for this study. Initially, SDKI sourced a list of simulation & analysis software developers and distributors in more than 80 countries across the globe. Subsequently, SDKI conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, SDKI was able to include the developers which could not be identified due to the limitations of secondary research. SDKI analyzed the product offerings, distribution channels, and regional presence of all major simulation & software distributors across the globe.
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SDKI calculated the market size for global simulation & analysis software using a bottom-up approach, where data for various end-use industries (Automotive, Aerospace & Defense, Electrical & Electronics, etc.) and its application across various product types were recorded and forecast for the future years. SDKI sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, press releases, company annual reports, World Bank Group, SIPRI, NASA, OICA, ESA, ISRO, JAXA, white papers, investor presentations and financial reports were also used by SDKI.
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