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.
Market Trends & Developments
Growing Research & Development (R&D)
Increasing Concern towards Green Environment
Soaring Demand for Cloud Based Simulation & Analysis Software, and Services
Rising Small & Medium Enterprises (SMEs)
Use of Simulation Software to Develop IoT Supporting Devices
Surging Bring Your Own Device (BYOD) Work Culture
Expanding Use of Simulation Software in Healthcare Industry
Accelerating Productivity from the Manufacturing Sector
Global simulation & analysis software market is controlled by these major players, namely:
Altair Engineering, Inc.
Aspen Technology, Inc
Bentley Systems, Incorporated
CPFD Software LLC
Computational Engineering International.
Cybernet Systems Corporation
Dassault Systèmes SE
Design Simulation Technologies
Siemens PLM Software
Texas Instruments Incorporated
The MathWorks, Inc
Key Topics Covered:
1. Product Overview 2. Research Methodology 3. Analyst View 4. Global Simulation & Analysis Software Market Landscape 5. Global Simulation & Analysis Software Market Outlook 6. North America Simulation & Analysis Software Market Outlook 7. Europe Simulation & Analysis Software Market Outlook 8. Asia-Pacific Simulation & Analysis Software Market Outlook 9. South America Simulation & Analysis Software Market Outlook 10. Middle East & Africa Simulation & Analysis Software Market Outlook 11. Market Dynamics 12. Market Trends & Developments 13. Competitive Landscape 14. Strategic Recommendations