PUBLISHER: IMARC | PRODUCT CODE: 1378990
PUBLISHER: IMARC | PRODUCT CODE: 1378990
Simulation Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Abstract
The global simulation software market size reached US$ 13.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 27.4 Billion by 2028, exhibiting a growth rate (CAGR) of 12.9% during 2022-2028. The growing cost and complexity of physical testing of vehicles, rising demand for virtual testing software, and increasing investments in research and development (R&D) activities represent some of the key factors driving the market.
Simulation software refers to a decision analysis and support tool that allows companies to observe the real-time operation and examination of the system with various inputs and tracking responses. It aids in reducing overall expenditure and minimizing costs incurred on training. It also helps to evaluate different designs, optimize processes, and make informed decisions. Moreover, it allows researchers, engineers, and scientists to experiment with different parameters and scenarios without expensive physical prototypes. Simulation software is widely used in engineering and manufacturing industries to simulate the behavior of machines, vehicles, and other complex systems. It is also employed in healthcare facilities to model medical procedures and devices. At present, simulation software also finds extensive application in the aerospace, defense, electrical and electronics, and automotive sectors across the globe.
Simulation Software Market Trends:
Presently, the growing global population and rising environmental concerns are increasing the overall sales of autonomous electric vehicles (EVs) and catalyzing the demand for virtual testing and training of vehicles in real-world scenarios and developing prototypes without the risk of producing faulty products. This, coupled with the increasing cost and complexity of physical testing and training and consequently increasing the need for virtual alternatives, represents one of the key factors positively influencing the market across the globe. Apart from this, advancements in computing power, graphics, and modeling capabilities are facilitating the development of more powerful and realistic simulation software. In line with this, leading market players are integrating advanced technologies, such as artificial intelligence (AI) and machine learning (ML), with simulation software to provide tools that assist humans in modeling and simulation (M&S) enterprise. Moreover, the escalating demand for improved product quality and safety by identifying potential issues early in the design process and reducing the risk of product failures and recalls is creating a favorable market outlook. Additionally, the growing environmental concerns and the increasing need for more efficient use of resources are catalyzing the demand for simulation software worldwide. Furthermore, the increasing utilization of simulation software in research and development (R&D) activities by reducing the need for physically testing multiple prototypes and minimizing the risk of failure is stimulating the growth of the market around the world.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global simulation software market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, deployment and end use.
Component Insights:
Software
Service
The report has provided a detailed breakup and analysis of the simulation software market based on the component. This includes software and service. According to the report, software represented the largest segment.
Deployment Insights:
On-premises
Cloud-based
A detailed breakup and analysis of the simulation software market based on the deployment has also been provided in the report. This includes on-premises and cloud-based. According to the report, on-premises accounted for the largest market share.
End Use Insights:
Automotive
Aerospace and Defense
Electrical and Electronics
Industrial Manufacturing
Healthcare
Others
A detailed breakup and analysis of the simulation software market based on the end use has also been provided in the report. This includes automotive, aerospace and defense, electrical and electronics, industrial manufacturing, healthcare, and others. According to the report, automotive accounted for the largest market share.
Regional Insights:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America (the United States and Canada) was the largest market for simulation software. Some of the factors driving the North America simulation software market included increasing investment in research and development activities, the growing need for virtual testing and training of vehicles in real-world scenarios, advancements in computing power, graphics, and modeling capabilities etc.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global simulation software market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Altair Engineering Inc., Ansys Inc., Autodesk Inc., Bentley Systems Incorporated, Dassault Systemes, PTC Inc., Rockwell Automation Inc., Siemens AG, Simul8 Corporation, The AnyLogic Company, The MathWorks Inc., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report
- 1. What was the size of the global simulation software market in 2022?
- 2. What is the expected growth rate of the global simulation software market during 2023-2028?
- 3. What are the key factors driving the global simulation software market?
- 4. What has been the impact of COVID-19 on the global simulation software market?
- 5. What is the breakup of the global simulation software market based on the component?
- 6. What is the breakup of the global simulation software market based on the deployment?
- 7. What is the breakup of the global simulation software market based on the end use?
- 8. What are the key regions in the global simulation software market?
- 9. Who are the key players/companies in the global simulation software market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Simulation Software Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Component
- 6.1 Software
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Service
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Deployment
- 7.1 On-premises
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Cloud-based
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by End Use
- 8.1 Automotive
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Aerospace and Defense
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Electrical and Electronics
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Industrial Manufacturing
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Healthcare
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Others
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Altair Engineering Inc.
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.2 Ansys Inc.
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 Autodesk Inc.
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 Bentley Systems Incorporated
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Dassault Systemes
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 PTC Inc.
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Rockwell Automation Inc.
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Siemens AG
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 Simul8 Corporation
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 The AnyLogic Company
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.11 The MathWorks Inc.
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.1 Altair Engineering Inc.
List of Figures
- Figure 1: Global: Simulation Software Market: Major Drivers and Challenges
- Figure 2: Global: Simulation Software Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Simulation Software Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Simulation Software Market: Breakup by Component (in %), 2022
- Figure 5: Global: Simulation Software Market: Breakup by Deployment (in %), 2022
- Figure 6: Global: Simulation Software Market: Breakup by End Use (in %), 2022
- Figure 7: Global: Simulation Software Market: Breakup by Region (in %), 2022
- Figure 8: Global: Simulation Software (Software) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Simulation Software (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Simulation Software (Service) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Simulation Software (Service) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Simulation Software (On-premises) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Simulation Software (On-premises) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Simulation Software (Cloud-based) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Simulation Software (Cloud-based) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Simulation Software (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Simulation Software (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Simulation Software (Aerospace and Defense) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Simulation Software (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Simulation Software (Electrical and Electronics) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Simulation Software (Electrical and Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Simulation Software (Industrial Manufacturing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Simulation Software (Industrial Manufacturing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Simulation Software (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Simulation Software (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Simulation Software (Other End Uses) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Simulation Software (Other End Uses) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: North America: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: North America: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: United States: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: United States: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Canada: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Canada: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Asia-Pacific: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Asia-Pacific: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: China: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: China: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Japan: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Japan: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: India: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: India: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: South Korea: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: South Korea: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Australia: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Australia: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Indonesia: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Indonesia: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Others: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Others: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Europe: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Europe: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Germany: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Germany: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: France: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: France: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: United Kingdom: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: United Kingdom: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Italy: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Italy: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Spain: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Spain: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Russia: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Russia: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Others: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Others: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Latin America: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Latin America: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Brazil: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Brazil: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Mexico: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Mexico: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Others: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Others: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Middle East and Africa: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Middle East and Africa: Simulation Software Market: Breakup by Country (in %), 2022
- Figure 76: Middle East and Africa: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Global: Simulation Software Industry: SWOT Analysis
- Figure 78: Global: Simulation Software Industry: Value Chain Analysis
- Figure 79: Global: Simulation Software Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Simulation Software Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Simulation Software Market Forecast: Breakup by Component (in Million US$), 2023-2028
- Table 3: Global: Simulation Software Market Forecast: Breakup by Deployment (in Million US$), 2023-2028
- Table 4: Global: Simulation Software Market Forecast: Breakup by End Use (in Million US$), 2023-2028
- Table 5: Global: Simulation Software Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Simulation Software Market: Competitive Structure
- Table 7: Global: Simulation Software Market: Key Players
