The global Simulation Software Market size is projected to value USD 21.33 billion until 2025. It is expected to register a CAGR of 16.98% over the forecasted years, 2019 to 2025. The rapid technological advances being carried out for virtual testing of vehicles and aircrafts is projected to drive the market growth across the globe.
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Market Synopsis of Simulation Software Market:
The software segment held the largest share in 2018 owing to its benefits like uninterrupted testing, and data safety. The service segment is expected to register the highest CAGR on account of increasing awareness about the virtual process of product development across several organizations and governments.
The automotive segment dominated the global market on account of the rising adoption of such software for product development and testing. On the other hand, the aerospace and defense are also expected to witness significant growth over the next few years owing to their rising adoption for designing of defense equipments and aircrafts.
In 2018, North America held the largest share across the global market owing to the rising presence of key players across Canada and the U.S. While, the Asia Pacific is projected to witness significant CAGR due to increasing automobile manufacturing facilities across countries like China and India.
The simulation software market includes players such as ANSYS, Inc., Altair Engineering, Inc., Autodesk Inc., Dassault Systemes, and PTC. They are constantly engaged in development and innovation for developing more efficient softwares as per the client’s customized needs.
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Simulation Software: Market Variables, Trends & Scope
Chapter 4 Simulation Software: Product Estimates & Trend Analysis
Chapter 5 Simulation Software: Application Estimates & Trend Analysis
Chapter 6 Simulation Software: End-use Estimates & Trend Analysis
Chapter 7 Simulation Software: Industrial End-use Estimates & Trend Analysis
Chapter 8 Simulation Software: Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Simulation Software: Manufacturers Company Profiles
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