The global simulation software market size was valued at USD 9.6 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 17.1% from 2021 to 2028.
Simulation software is a tool used to virtually create a real-time environment to test the applicability and efficiency of different products and processes.
Benefits such as a reduction in production expenditure and reduced costs of training are some of the factors that have supported long-term expansion for Simulation Software Market.
North America dominated the simulation software market and accounted for the largest revenue share of 34.7% in 2020. The region is expected to continue its dominance over the forecast period. The growth of the region can be attributed to the presence of major players operating in the U.S. and Canada.
Insights are provided for each region and major countries within the regions
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Report Feature |
Descriptions |
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Growth Rate |
CAGR of 17.1% during the forecasting period, 2021-2028 |
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Historical Data |
2018-2019 |
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Forecast Years |
2021-2028 |
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Base Year |
2020 |
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Units Considered |
Revenue in USD billion and CAGR from 2021 to 2028 |
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Report Segmentation |
component, deployment, end user and region. |
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Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
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Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
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Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
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Companies Profiled |
Altair Engineering, Inc.; Autodesk Inc.; Ansys, Inc.; Bentley Systems, Incorporated; Dassault Systèmes; MathWorks, Inc.; Rockwell Automation, Inc.; Simulations Plus; ESI Group; GSE Systems. |
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Available Customization |
In addition to the market data for Simulation Software Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |
Simulation Software Market is segmented into component, deployment, end user and region.
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