Simulation Software Market Overview:

Simulation is a representation of the functioning of a system or process. Through simulation, a model may be implanted with unlimited variations, producing complex scenarios. Simulation software is based on the process of modeling a real phenomenon with a set of mathematical formulas. It helps to predict the behavior of the system. These capabilities allow analysis and understanding of how individual elements interact and affect the simulated environment. It is used to evaluate a new design, analyze problems with present design, and test a system in conditions that are difficult to reproduce.

Increase in demand for eco-friendly work environment, need to test different designs before constructing one in hardware, rise in use of simulation software in automotive and healthcare industry, and significant adoption of simulation among aerospace & defense are some of the major factors that drive the growth of the global simulation software market. Further, growing number of small and medium enterprise units are anticipated to drive the growth of the market. However, risks associated with data security are expected to restrain the simulation software market growth. Emerging trends such as digital twins in the industry 4.0 and use of simulation software to develop IoT supporting devices are expected to provide lucrative opportunities for the global simulation software market during the forecast period.

The global simulation software market is segmented based on component, deployment type, industry vertical, and region. Based on component, it is divided into software and services. Based on deployment type, the market is bifurcated into on-premise and cloud. On the basis of industry vertical, it is separated into architecture, engineering, construction (AEC), aerospace & defense, automotive, electrical & electronics, healthcare, and others. Based on region, the simulation software market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The global simulation software market report provides the profiles of key players namely, Altair Engineering Inc.; ANSYS, Inc.; Autodesk, Inc.; Bentley Systems; Dassault Systmes; Hexagon (MSC Software Corporation); The MathWorks, Inc.; PTC, Inc.; Siemens PLM Software; and The AnyLogic Company.

Key Benefits for Simulation Software Market:

The study provides an in-depth analysis of the global simulation software market along with the current & future trends to elucidate the imminent investment pockets.
Information about key drivers, restraints, and opportunities and their impact analysis on the market is provided.
Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
Quantitative analysis from 2017 to 2025 is provided to determine the market potential.

Simulation Software Key Market Segments:

By Component

Software
Services

By Deployment Mode

On-premise
Cloud

By Industry Vertical

Architecture, Engineering, Construction (AEC)
Aerospace & Defense
Automotive
Electrical & Electronics
Healthcare
Others

By Region

North America
U.S.
Canada
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

Key Market Players

Altair Engineering, Inc.
ANSYS, Inc.
Autodesk Inc.
Bentley Systems
Dassault Systmes
Hexagon (MSC Software Corporation)
The MathWorks, Inc.
PTC, Inc.
Siemens PLM Software
The AnyLogic Company