Simulation Software Global Market Report 2024

Description

Simulation software predicts the behavior of a system using simulation tools, allowing users to observe operations through simulation rather than direct execution.

The primary simulation software components comprise software and services. Simulation software, a collection of instructions, data, or computer programs, is used to run machines and carry out specific activities. Deployed on-premises and in the cloud, simulation software is applied in product engineering, research and development, and gamification across various end-user industries, including automotive, IT and telecommunication, aerospace and defense, energy and mining, education and research, electrical and electronics, among others.

The simulation software market research report is one of a series of new reports from The Business Research Company that provides simulation software market statistics, including simulation software industry global market size, regional shares, competitors with a simulation software market share, detailed simulation software market segments, market trends and opportunities, and any further data you may need to thrive in the simulation software industry. This simulation software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The simulation software market size has grown rapidly in recent years. It will grow from $16.21 billion in 2023 to $18.36 billion in 2024 at a compound annual growth rate (CAGR) of 13.3%. The expansion during the historical period can be attributed to training and skill development, risk management, product design and prototyping, medical research and training, as well as efficiency and cost savings.

The simulation software market size is expected to see rapid growth in the next few years. It will grow to $31.06 billion in 2028 at a compound annual growth rate (CAGR) of 14.0%. The anticipated growth in the forecast period can be attributed to digital twin technology, the rise of virtual reality (VR) and augmented reality (AR), cross-industry applications, remote work and collaboration, and advances in healthcare simulation. Key trends expected in the forecast period involve cross-disciplinary simulation platforms, real-time simulation for rapid prototyping, simulation for cybersecurity training, human-in-the-loop simulation, and a focus on sustainability and environmental simulation.

The simulation software market is anticipated to grow due to the development of autonomous vehicles. Autonomous vehicles can sense their surroundings and operate without human intervention. Simulation software plays a crucial role in validating, designing, and optimizing products and solutions for autonomous vehicles. The General Office of Shanghai Municipal People's Government plans to increase investments in autonomous driving, expecting the autonomous driving business to grow to a $72 billion industry by 2025. The development of autonomous vehicles is expected to drive the growth of the simulation software market.

The simulation software market is poised for growth owing to the rising mining activities. Mining activities involve extracting valuable minerals, ores, or geological elements from the earth's crust. Simulation software aids mining companies in creating accurate digital representations of potential mining sites, predicting and visualizing mineral distribution within geological formations. According to Glacier Media Group in February 2023, US mines produced non-fuel mineral products worth approximately $98.2 billion in 2022, reflecting an increase of $3.6 billion from the revised 2021 total of $94.6 billion. The growing mining sector contributes significantly to the expansion of the simulation software market.

Technological advancement is a prevailing trend in the simulation software market, with major players focusing on creating innovative technologies integrated with machine learning. Ansys, a US-based engineering simulation software company, introduced a machine learning-based partial differential equation solver in January 2022. This solution allows for more efficient simulations with less training data, ensuring quicker and more effective simulation processes.

Major companies in the simulation software market are introducing advanced solutions, such as autonomous vehicle simulation solutions, to gain a competitive advantage. Claytex Services Limited, a UK-based developer of simulation solutions, launched AVSandbox in June 2022. AVSandbox is designed exclusively for automotive OEMs and end-user organizations to test, develop, and validate autonomous vehicle safety. This solution provides a sensor-realistic simulation environment for autonomous vehicles, supporting the development and deployment of advanced driver assistance systems.

In August 2021, Ansys, a US-based engineering simulation software company, completed the acquisition of Zemax for an undisclosed amount. This acquisition allows Ansys to expand its portfolio, offering comprehensive solutions for simulating sophisticated optical and photonics-enabled products. Zemax, a US-based optical system simulation software company, is now part of Ansys.

Major companies operating in the simulation software market report are Amazon.com Inc., Microsoft Corporation, Siemens AG, International Business Machines Corporation (IBM), Oracle Corporation, SAP SE, Rockwell Automation Inc., Dassault Systemes SE, Keysight Technologies Inc., Autodesk Inc., DNV GL AS, Ansys Inc., PTC Inc., Unity Technologies Inc., AVEVA Group PLC, MathWorks Inc., The MathWorks Inc., Bentley Systems Incorporated, Altair Engineering Inc., Lanner Group Ltd., MSC Software Corporation, ESI Group SA, COMSOL Inc., Simulations Plus Inc., GSE Systems Inc., AnyLogic North America LLC, Cybernet Systems Corporation, Tecplot Inc., Simul8 Corporation, OpenFOAM Foundation

North America was the largest region in the simulation software market in 2023. The regions covered in the simulation software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the simulation software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The simulation software market includes revenues earned by entities by simulation development services, training and support and maintenance. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Simulation Software Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on simulation software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for simulation software ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The simulation software market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

1) By Component: Software; Services
2) By Application: Product Engineering; Research And Development; Gamification
3) By Deployment: On-Premises; Cloud
4) By End-user Industry: Automotive; IT And Telecommunication; Aerospace And Defense; Energy And Mining; Education And Research; Electrical And Electronics; Other End-User Industries
Companies Mentioned: Amazon.com Inc.; Microsoft Corporation; Siemens AG; International Business Machines Corporation (IBM); Oracle Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r16013

1. Executive Summary

2. Simulation Software Market Characteristics

3. Simulation Software Market Trends And Strategies

4. Simulation Software Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Simulation Software Market Size and Growth

5.1. Global Simulation Software Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Simulation Software Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Simulation Software Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Simulation Software Market Segmentation

6.1. Global Simulation Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Software
Services
6.2. Global Simulation Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Product Engineering
Research And Development
Gamification
6.3. Global Simulation Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
On-Premises
Cloud
6.4. Global Simulation Software Market, Segmentation By End-user Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Automotive
IT And Telecommunication
Aerospace And Defense
Energy And Mining
Education And Research
Electrical And Electronics
Other End-User Industries

7. Simulation Software Market Regional And Country Analysis

7.1. Global Simulation Software Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Simulation Software Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Simulation Software Market

8.1. Asia-Pacific Simulation Software Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Simulation Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Simulation Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Simulation Software Market, Segmentation By End-user Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Simulation Software Market

9.1. China Simulation Software Market Overview
9.2. China Simulation Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Simulation Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Simulation Software Market, Segmentation By End-user Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Simulation Software Market

10.1. India Simulation Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Simulation Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Simulation Software Market, Segmentation By End-user Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Simulation Software Market

11.1. Japan Simulation Software Market Overview
11.2. Japan Simulation Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Simulation Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Simulation Software Market, Segmentation By End-user Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Simulation Software Market

12.1. Australia Simulation Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Simulation Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Simulation Software Market, Segmentation By End-user Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Simulation Software Market

13.1. Indonesia Simulation Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Simulation Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Simulation Software Market, Segmentation By End-user Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Simulation Software Market

14.1. South Korea Simulation Software Market Overview
14.2. South Korea Simulation Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Simulation Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Simulation Software Market, Segmentation By End-user Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Simulation Software Market

15.1. Western Europe Simulation Software Market Overview
15.2. Western Europe Simulation Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Simulation Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Simulation Software Market, Segmentation By End-user Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Simulation Software Market

16.1. UK Simulation Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Simulation Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Simulation Software Market, Segmentation By End-user Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Simulation Software Market

17.1. Germany Simulation Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Simulation Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Simulation Software Market, Segmentation By End-user Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Simulation Software Market

18.1. France Simulation Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Simulation Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Simulation Software Market, Segmentation By End-user Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Simulation Software Market

19.1. Italy Simulation Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Simulation Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Simulation Software Market, Segmentation By End-user Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Simulation Software Market

20.1. Spain Simulation Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Simulation Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Simulation Software Market, Segmentation By End-user Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Simulation Software Market

21.1. Eastern Europe Simulation Software Market Overview
21.2. Eastern Europe Simulation Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Simulation Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Simulation Software Market, Segmentation By End-user Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Simulation Software Market

22.1. Russia Simulation Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Simulation Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Simulation Software Market, Segmentation By End-user Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Simulation Software Market

23.1. North America Simulation Software Market Overview
23.2. North America Simulation Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Simulation Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Simulation Software Market, Segmentation By End-user Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Simulation Software Market

24.1. USA Simulation Software Market Overview
24.2. USA Simulation Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Simulation Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Simulation Software Market, Segmentation By End-user Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Simulation Software Market

25.1. Canada Simulation Software Market Overview
25.2. Canada Simulation Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Simulation Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Simulation Software Market, Segmentation By End-user Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Simulation Software Market

26.1. South America Simulation Software Market Overview
26.2. South America Simulation Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Simulation Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Simulation Software Market, Segmentation By End-user Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Simulation Software Market

27.1. Brazil Simulation Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Simulation Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Simulation Software Market, Segmentation By End-user Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Simulation Software Market

28.1. Middle East Simulation Software Market Overview
28.2. Middle East Simulation Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Simulation Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Simulation Software Market, Segmentation By End-user Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Simulation Software Market

29.1. Africa Simulation Software Market Overview
29.2. Africa Simulation Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Simulation Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Simulation Software Market, Segmentation By End-user Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Simulation Software Market Competitive Landscape And Company Profiles

30.1. Simulation Software Market Competitive Landscape
30.2. Simulation Software Market Company Profiles
- 30.2.1. Amazon.com Inc.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Microsoft Corporation
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Siemens AG
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. International Business Machines Corporation (IBM)
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Oracle Corporation
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Simulation Software Market Other Major And Innovative Companies

31.1. SAP SE
31.2. Rockwell Automation Inc.
31.3. Dassault Systemes SE
31.4. Keysight Technologies Inc.
31.5. Autodesk Inc.
31.6. DNV GL AS
31.7. Ansys Inc.
31.8. PTC Inc.
31.9. Unity Technologies Inc.
31.10. AVEVA Group plc
31.11. MathWorks Inc.
31.12. The MathWorks Inc.
31.13. Bentley Systems Incorporated
31.14. Altair Engineering Inc.
31.15. Lanner Group Ltd.

32. Global Simulation Software Market Competitive Benchmarking

33. Global Simulation Software Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Simulation Software Market

35. Simulation Software Market Future Outlook and Potential Analysis

35.1 Simulation Software Market In 2028 - Countries Offering Most New Opportunities
35.2 Simulation Software Market In 2028 - Segments Offering Most New Opportunities
35.3 Simulation Software Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer