Simulation Software Market

Simulation Software Market by Component (Software and Services), Application, Vertical (Automobile, Aerospace & Defense, Electrical & Electronics, Healthcare, and Education & Research), Deployment Mode, and Region - Global Forecast to 2022

Report Code: TC 5813 Dec, 2017, by marketsandmarkets.com

[148 Pages Report] MarketsandMarkets expects the global market to grow from USD 5.51 Billion in 2016 to USD 13.45 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 16.5% during forecast period. The base year considered for the study is 2016 and the forecast period is 2017–2022. The increased need for eco-friendly environments across the world and the growing number of Small and Medium-Sized Enterprises (SMEs) are expected to drive the growth of the simulation software market. The objective of the report is to define, describe, and forecast the size of the simulation software market on the basis of components (software and services), applications (eLearning and training, and R&D), deployment modes, verticals, and regions. The report also aims at providing detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges).

The research methodology used to estimate and forecast the global simulation software market size began with capturing the data from the key vendor revenues through secondary research, annual reports, government publishing sources, IEEE, Factiva, Bloomberg, and press releases. The vendor offerings were also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall global market size from the revenues of the key market players. After arriving at the overall market size, the total market was split into several segments and sub segments, which were then verified through primary research by conducting extensive interviews with key individuals, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and sub segments. The breakdown of the profiles of the primary participants has been depicted in the figure given below:

Simulation Software Market

To know about the assumptions considered for the study, download the pdf brochure

The simulation software market includes various simulation and analysis vendors, such as Altair Engineering (US), Bentley Systems (US), ANSYS (US), PTC (US), Siemens PLM Software (US), Autodesk (US), CPFD Software (US), Cybernet Systems (US), Dassault Systemes (France), Design Simulation Technologies (US), Synopsys (US), and MathWorks (US).

The target audience of the simulation software market report is given below:

  • Government agencies
  • Simulation and analysis solutions/service vendors
  • Application developers
  • System integrators
  • Application end-users

“The study answers several questions for the stakeholders, primarily, which market segments to focus on in the next 2 to 5 years for prioritizing efforts and investments.”

Scope of the Report

The simulation software market is segmented on the basis of components (software and services), applications, deployment modes, verticals, and regions:

By Component

  • Software
    • Finite Element Analysis (FEA)
    • Computational Fluid Dynamics (CFD)
    • Electromagnetic Waves (EMW)
  • Services
    • Design and Consulting
    • Support and Maintenance

By Application

  • eLearning and Training
  • R&D

By Deployment

  • Cloud
  • On-premises

By Vertical

  • Automobile
  • Aerospace and Defense
  • Electrical and Electronics
  • Industrial Manufacturing
  • Healthcare
  • Education and Research
  • Others (retail, telecommunication, mining, construction, entertainment, and energy and power)

By Region

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Middle East and Africa (MEA)
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Geographic Analysis

  • Further breakdown of the North American simulation software market
  • Further breakdown of the European market
  • Further breakdown of the APAC market
  • Further breakdown of the MEA market
  • Further breakdown of the Latin American market

Company Information

  • Detailed analysis and profiling of additional market players

MarketsandMarkets expects the global simulation software market to grow from USD 6.26 Billion in 2017 to USD 13.45 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 16.5% during forecast period. The increased need for eco-friendly environments and the growing number of Small and Medium-Sized Enterprises (SMEs) are expected to drive the growth of the market.

The components segment has been further segmented into software and services. The services segment is expected to grow at the highest CAGR during the forecast period. Growing awareness among the governments and enterprises about the features and benefits of the simulation and analysis technology, and the rising need for product enhancement and process improvement using design and consulting services are driving the global simulation software market.

The components segment has been segment into software and services. On the basis of software, the finite Element Analysis (FEA) segment is expected to have the largest market size during forecast period. It is used to predict the product performance, thermal and dynamic analysis, optimize designs, and validate the product’s behavior before manufacturing. The automobile, aerospace and defense, electrical and electronics, and industrial manufacturing sectors are expected to increase the demand for the FEA software.

Among applications, the R&D segment is expected to have the largest market share during the forecast period. Increased awareness of the simulation and analysis technology for conducting R&D activities such as innovations, performance improvement, and process optimization are increasing the utilization of simulation and analysis software. Simulation enables pollution-free and eco-friendly environments for R&D activities.

On the basis of deployment modes, the cloud-based deployment mode is expected to grow at the highest CAGR during the forecast period. This deployment mode is simple and cost-effective for use in applications, such as training, learning, and R&D.

On the basis of verticals, the simulation software market has been segmented into automobile, aerospace and defense, electrical and electronics, industrial manufacturing, healthcare, and education and research, and others. The other verticals include retail, mining, telecommunication, construction, entertainment, and energy and power. The aerospace and defense vertical is expected to have the largest market size and grow at the highest CAGR during the forecast period. To check the performance and efficiency of the designed products while developing aircrafts as per industry standards and regulations, the aerospace and defense vertical needs to use fast and highly efficient computers to run the aerospace, aerodynamic, thermal, and acoustic simulation software solutions.

Simulation Software Market

North America is expected to have the largest market size in the simulation software market, while Asia Pacific is expected to grow with at highest CAGR during the forecast period. The North American region has shown increased investments in the market, and several vendors have evolved to cater to the rapidly growing market. A considerable growth is expected in the region during the forecast period. The major initiatives taken for the simulation and analysis technology have their origin in this region. The smart city initiatives taken by the government in this region have positively impacted the adoption trend of the simulation and analysis technology to enhance the monitoring and improve the surveillance.

The simulation software market faces many challenges; for instance, the lack of standards and benchmarks in the simulation and analysis technology and the integration complexities in the simulation and analysis tools.

The major vendors that offer simulation and analysis solutions across the globe include Altair Engineering (US), Bentley Systems (US), ANSYS (US), PTC (US), Siemens PLM Software (US), Autodesk (US), CPFD Software (US), Cybernet Systems (US), Dassault Systemes (France), Design Simulation Technologies (US), Synopsys (US), and MathWorks (US). These vendors have adopted different types of organic and inorganic growth strategies, such as new product launches, partnerships and collaborations, and mergers and acquisitions, to expand their presence in the simulation software market.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Research Assumptions
    2.4 Limitations

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Opportunities in the Simulation Software Market
    4.2 Market Top 3 Verticals
    4.3 Market By Vertical and Region
    4.4 Market Potential
    4.5 Lifecycle Analysis, By Region

5 Simulation Software Market Overview and Industry Trends (Page No. - 34)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Demand for Ecofriendly Work Environment
                    5.2.1.2 Growing Number of Sme Units
                    5.2.1.3 Expensive Real-Time Training
                    5.2.1.4 Increasing Focus on R&D Activities
           5.2.2 Restraints
                    5.2.2.1 Complexities in Real-Time Control
           5.2.3 Opportunities
                    5.2.3.1 Increasing Use of Simulation Applications in the Automobile and Healthcare Verticals
                    5.2.3.2 Growing Need to Manage and Analyze Data Generated By Simulations
           5.2.4 Challenges
                    5.2.4.1 Lack of Benchmark and Standards in the Simulation Software Market
                    5.2.4.2 Integration Complexities
    5.3 Industry Trends
           5.3.1 Simulation Software Market: Use Cases
                    5.3.1.1 Introduction
                    5.3.1.2 Use Case: Scenario 1
                    5.3.1.3 Use Case: Scenario 2
                    5.3.1.4 Use Case: Scenario 3
    5.4 Industry Standards in the Simulation and Analysis Technology

6 Simulation Software Market, By Component (Page No. - 39)
    6.1 Introduction
    6.2 Software
           6.2.1 Finite Element Analysis
           6.2.2 Computational Fluid Dynamics
           6.2.3 Electromagnetic Waves
    6.3 Services
           6.3.1 Design and Consulting
           6.3.2 Support and Maintenance

7 Simulation Software Market By Application (Page No. - 49)
    7.1 Introduction
           7.1.1 E-Learning and Training
           7.1.2 Research and Development

8 Simulation Software Market, By Deployment Mode (Page No. - 53)
    8.1 Introduction
           8.1.1 Cloud
           8.1.2 On-Premises

9 Simulation Software Market, By Vertical (Page No. - 57)
    9.1 Introduction
    9.2 Automobile
    9.3 Aerospace and Defense
    9.4 Electrical and Electronics
    9.5 Industrial Manufacturing
    9.6 Healthcare
    9.7 Education and Research
    9.8 Others

10 Simulation Software Market, By Region (Page No. - 66)
     10.1 Introduction
     10.2 North America
             10.2.1 United States
             10.2.2 Canada
     10.3 Europe
             10.3.1 United Kingdom
             10.3.2 Germany
             10.3.3 France
             10.3.4 Rest of Europe
     10.4 Asia Pacific
             10.4.1 China
             10.4.2 Japan
             10.4.3 India
             10.4.4 South Korea
             10.4.5 Australia
             10.4.6 Rest of Asia Pacific
     10.5 Latin America
             10.5.1 Brazil
             10.5.2 Mexico
             10.5.3 Rest of Latin America
     10.6 Middle East and Africa
             10.6.1 Middle East
             10.6.2 Africa

11 Competitive Landscape (Page No. - 94)
     11.1 Overview
     11.2 Top Players Operating in the Simulation Software Market
     11.3 Competitive Scenario
             11.3.1 New Product Launches and Product Enhancements
             11.3.2 Agreements, Partnerships, and Collaborations
             11.3.3 Mergers and Acquisitions
             11.3.4 Business Expansions

12 Company Profiles (Page No. - 103)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     12.1 Introduction
     12.2 Altair Engineering
     12.3 Bentley Systems
     12.4 Ansys
     12.5 PTC
     12.6 Siemens PLM Software
     12.7 Autodesk
     12.8 CPFD Software
     12.9 Cybernet
     12.10 Dassault Systθmes  
     12.11 Design Simulation Technologies
     12.12 Synopsys
     12.13 Mathworks

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 139)
     13.1 Industry Excerpts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details


List of Tables (81 Tables)

Table 1 United States Dollar Exchange Rate, 2014–2016
Table 2 Global Simulation Software Market Size and Growth Rate, 2015–2022 (USD Million and Y-O-Y %)
Table 3 Market Size, By Component, 2015–2022 (USD Million)
Table 4 Number of Connected Devices, By Type (Billions)
Table 5 Market Size, By Software, 2015–2022 (USD Million)
Table 6 Software: Market Size, By Region, 2015–2022 (USD Million)
Table 7 Finite Element Analysis: Market Size, By Region, 2015–2022 (USD Million)
Table 8 Computational Fluid Dynamics: Market Size, By Region, 2015–2022 (USD Million)
Table 9 Electromagnetic Waves: Market Size, By Region, 2015–2022 (USD Million)
Table 10 Simulation Software Market Size, By Service, 2015–2022 (USD Million)
Table 11 Services: Market Size, By Region, 2015–2022 (USD Million)
Table 12 Design and Consulting: Market Size, By Region, 2015–2022 (USD Million)
Table 13 Support and Maintenance: Market Size, By Region, 2015–2022 (USD Million)
Table 14 Market Size, By Application, 2015–2022 (USD Million)
Table 15 E-Learning and Training: Market Size, By Region, 2015–2022 (USD Million)
Table 16 Research and Development: Market Size, By Region, 2015–2022 (USD Million)
Table 17 Simulation Software Market Size, By Deployment Mode, 2015–2022 (USD Million)
Table 18 Cloud: Market Size, By Region, 2015–2022 (USD Million)
Table 19 On-Premises: Market Size, By Region, 2015–2022 (USD Million)
Table 20 Market Size, By Vertical, 2015–2022 (USD Million)
Table 21 Automobile: Market Size, By Region, 2015–2022 (USD Million)
Table 22 Automobile Production Statistics, By Type of Vehicle and Year
Table 23 Aerospace and Defense: Market Size, By Region, 2015–2022 (USD Million)
Table 24 Global Defense Spending
Table 25 Nasa’s Total Budget for the Upcoming Years (USD Million)
Table 26 Electrical and Electronics: Market Size, By Region, 2015–2022 (USD Million)
Table 27 Industrial Manufacturing: Market Size, By Region, 2015–2022 (USD Million)
Table 28 Healthcare: Market Size, By Region, 2015–2022 (USD Million)
Table 29 Education and Research: Market Size, By Region, 2015–2022 (USD Million)
Table 30 Others: Market Size, By Region, 2015–2022 (USD Million)
Table 31 Simulation Software Market Size, By Region, 2015–2022 (USD Million)
Table 32 Defense Spending Budget By Major Countries in North America, By Country, 2017
Table 33 Production of Cars and Commercial Vehicles in North America, By Country, 2016
Table 34 North America: Market Size, By Country, 2015–2022 (USD Million)
Table 35 North America: Market Size, By Component, 2015–2022 (USD Million)
Table 36 North America: Market Size, By Software, 2015–2022 (USD Million)
Table 37 North America: Market Size, By Service, 2015–2022 (USD Million)
Table 38 North America: Market Size, By Application, 2015–2022 (USD Million)
Table 39 North America: Market Size, By Deployment Mode, 2015–2022 (USD Million)
Table 40 North America: Market Size, By Vertical, 2015–2022 (USD Million)
Table 41 Defense Spending Budget By Major Countries in Europe, By Country, 2017
Table 42 Production of Cars and Commercial Vehicles in Europe, By Country, 2016
Table 43 Europe: Simulation Software Market Size, By Country, 2015–2022 (USD Million)
Table 44 Europe: Market Size, By Component, 2015–2022 (USD Million)
Table 45 Europe: Market Size, By Software, 2015–2022 (USD Million)
Table 46 Europe: Market Size, By Service, 2015–2022 (USD Million)
Table 47 Europe: Market Size, By Application, 2015–2022 (USD Million)
Table 48 Europe: Market Size, By Deployment Mode, 2015–2022 (USD Million)
Table 49 Europe: Market Size, By Vertical, 2015–2022 (USD Million)
Table 50 Defense Spending Budget By Major Countries in APAC, By Country, 2017
Table 51 Production of Cars and Commercial Vehicles in APAC, By Country, 2016
Table 52 Asia Pacific: Simulation Software Market Size, By Country, 2015–2022 (USD Million)
Table 53 Asia Pacific: Market Size, By Component, 2015–2022 (USD Million)
Table 54 Asia Pacific: Market Size, By Software, 2015–2022 (USD Million)
Table 55 Asia Pacific: Market Size, By Service, 2015–2022 (USD Million)
Table 56 Asia Pacific: Market Size, By Application, 2015–2022 (USD Million)
Table 57 Asia Pacific: Market Size, By Deployment Mode, 2015–2022 (USD Million)
Table 58 Asia Pacific: Market Size, By Vertical, 2015–2022 (USD Million)
Table 59 Defense Spending Budget By Major Countries in Latin America, By Country, 2017
Table 60 Production of Cars and Commercial Vehicles in Latin America, By Country, 2016
Table 61 Latin America: Simulation Software Market Size, By Country, 2015–2022 (USD Million)
Table 62 Latin America: Market Size, By Component, 2015–2022 (USD Million)
Table 63 Latin America: Market Size, By Software, 2015–2022 (USD Million)
Table 64 Latin America: Market Size, By Service, 2015–2022 (USD Million)
Table 65 Latin America: Market Size, By Application, 2015–2022 (USD Million)
Table 66 Latin America: Market Size, By Deployment, Mode, 2015–2022 (USD Million)
Table 67 Latin America: Market Size, By Vertical 2015–2022 (USD Million)
Table 68 Defense Spending Budget By Major Countries in Middle East and Africa, By Country, 2017
Table 69 Production of Cars and Commercial Vehicles in Middle East and Africa, By Country, 2016
Table 70 Middle East and Africa: Market Size, By Country, 2015–2022 (USD Million)
Table 71 Middle East and Africa: Market Size, By Component, 2015–2022 (USD Million)
Table 72 Middle East and Africa: Market Size, By Software, 2015–2022 (USD Million)
Table 73 Middle East and Africa: Market Size, By Service, 2015–2022 (USD Million)
Table 74 Middle East and Africa: Market Size, By Application, 2015–2022 (USD Million)
Table 75 Middle East and Africa: Market Size, By Deployment Mode, 2015–2022 (USD Million)
Table 76 Middle East and Africa: Market Size, By Vertical, 2015–2022 (USD Million)
Table 77 Market Ranking for Simulation Software Market, 2017
Table 78 New Product Launches and Product Enhancements, 2014–2017
Table 79 Agreements, Partnerships, and Collaborations, 2015–2017
Table 80 Mergers and Acquisitions, 2014–2017
Table 81 Business Expansions, 2016–2017


List of Figures (49 Figures)

Figure 1 Global Simulation Software Market Segmentation
Figure 2 Regional Scope
Figure 3 Market Research Design
Figure 4 Data Triangulation
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 North America is Estimated to Have the Largest Market Share in 2017
Figure 8 Simulation Software Market Snapshot, By Component (2016)
Figure 9 Market Snapshot By Software (2016)
Figure 10 Market Snapshot By Service (2016)
Figure 11 Market Snapshot By Application (2016)
Figure 12 Market Snapshot By Deployment Mode (2016)
Figure 13 Market Snapshot By Vertical (2016)
Figure 14 The Global Market is Expected to Grow Significantly During the Forecast Period
Figure 15 Aerospace and Defense Vertical is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 16 North American Region and Automobile Segment are Estimated to Hold the Largest Market Shares in the Simulation Software Market in 2017
Figure 17 Asia Pacific is Expected to Have the Highest CAGR During the Forecast Period
Figure 18 Asia Pacific is Expected to Have the Highest Growth Rate During the Forecast Period
Figure 19 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 20 Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 21 Computational Fluid Dynamics Software is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 22 Global Number of Smartphone Users
Figure 23 Design and Consulting Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 24 E-Learning and Training Application is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 25 Cloud Deployment Mode is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 26 Aerospace and Defense Vertical is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 27 Global Production Forecast of 4k Television
Figure 28 North America is Projected to Exhibit the Largest Market Share in the Simulation Software Market During the Forecast Period
Figure 29 Geographic Snapshot: Asia Pacific is Expected to Have the Highest CAGR During the Forecast Period
Figure 30 North America: Market Snapshot
Figure 31 North America: Market By Software
Figure 32 Europe: Market By Software
Figure 33 Asia Pacific: Market Snapshot
Figure 34 Asia Pacific: Market Size By Software
Figure 35 Latin America: Market Size By Software
Figure 36 Middle East and Africa: Market Size By Software
Figure 37 Key Developments By Leading Players in the Simulation and Analysis Market During 2014–2017
Figure 38 Geographic Revenue Mix of the Top 3 Market Players
Figure 39 Altair Engineering: SWOT Analysis
Figure 40 Bentley Systems: SWOT Analysis
Figure 41 Ansys: Company Snapshot
Figure 42 Ansys: SWOT Analysis
Figure 43 PTC: Company Snapshot
Figure 44 PTC: SWOT Analysis
Figure 45 Siemens PLM Software: Company Snapshot
Figure 46 Siemens PLM Software: SWOT Analysis
Figure 47 Autodesk: Company Snapshot
Figure 48 Dassault Systθmes: Company Snapshot
Figure 49 Synopsys: Company Snapshot


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Report Code
TC 5813
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