HOME Research Insight New Product Launches, Product Enhancements, Acquisitions, Collaborations, and Partnerships in the Simulation Software Market

New Product Launches, Product Enhancements, Acquisitions, Collaborations, and Partnerships in the Simulation Software Market

Simulation and analysis is a technology that facilitates the virtual representation of systems that act like the original. While the process implies changes, it is used in almost all the simulations in the education industry and across organizations. The simulation and analysis technology is used to design, validate, scan, store, identify, and verify the features of human faces by associating the digital images with those that are saved in databases. Simulation and analysis technology is utilized to verify and validate the possible outcomes of the processes using virtual environment.

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 be driving the growth of the simulation software market. The major simulation and analysis vendors 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). The market players have adopted the strategies of new product launches, product enhancements, acquisitions, collaborations, and partnerships to offer feature-rich products, solutions, and services to their customers, and penetrate deeper into the unserved regions.

ANSYS is a simulation and analysis software suite provider. The company offers highly competitive products and solutions in the simulation software market. Its simulation software tool enables virtual access to engineering simulation. Additionally, it offers extended simulation and analysis solutions, such as fluids, structures, electronics, semiconductors, systems, embedded software, Three-Dimensional (3D) design, and platforms for various applications. In June 2017, ANSYS launched ANSYS RedHawk-SC, ANSYS Path-FX, and ANSYS CMA. These solutions enable automotive, mobile, and High-Performance Computing (HPC) organizations to develop electronic products and enhance their performance and reliability, and reduce their expenses.  Furthermore, in July 2017, ANSYS acquired Computational Engineering International, Inc. (CEI), a developer of the software suite to analyze and visualize the simulation data, and also communicate with it. The acquisition enhanced ANSYS’ simulation and analysis products and solutions.

Autodesk is another simulation software market player and the most prominent company that provides 3D design software and services. The company offers AutoDesk Simulation Software and OptiStruct to the simulation software market. In August 2017, Autodesk enhanced its simulation products and integrated its product design collection and CAM tools with the design and engineering tools. Additionally, in October 2017, Autodesk partnered with TPM, a technology solutions and 3D CAD provider. As a part of this partnership, TPM offers robust simulation software to its clients.

Related Reports:

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

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