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Simulation and Test Data Management Market: North America Region Expected to be the Largest Revenue Generator for Simulation and Test Data Management by 2026: Global Industry Analysis and Opportunity Assessment, 2016-2026NEW YORK, Jan. 12, 2017 /PRNewswire/ -- Simulation or testing is the process of designing a model of an actual or a theoretical physical system to represent important aspects of the real world. These software helps to predict the behaviour of a system, which can be used to evaluate a new design, diagnose problem with existing designs, and test a system under conditions that are difficult to replicate in reality. Simulation or test data management software effectively manage data and process information that has been generated from simulation and test software, which offers benefits such as faster time-to-market, better use of information, lowers development costs and increases collaboration within an organization. By Component Type - Software - Development Type - On Premise - Hosted - Services By Vertical - Automotive - Architecture and Construction - Consumer Goods and Retail - Aerospace and Defence - Energy and Utility - Medical - Others By Region - North America - Latin America - Western Europe - Eastern Europe - Asia Pacific excluding Japan - Japan - Middle East and Africa Software segment is expected to account for maximum market revenue share by 2026 Among all the components, software segment is expected to account for maximum market revenue share by 2026, as software being a very important component of this market. In software sub-segment, hosted software category is expected to witness highest growth rate during forecast period, followed by on-premise software. Aerospace and defence vertical is expected to increase at highest growth rate during the forecast period In the vertical segment, aerospace & defence vertical is expected to increase at highest growth rate during the forecast period, followed by automotive vertical. Increasing expenditure on aerospace & defence verticals by major countries is expected to drive the demand for this verticals. North America region is expected to be the largest revenue generator for simulation and test data management by 2026 Market in North America region is expected to be the largest revenue generator for simulation and test data management market by 2026, is expected to account for a revenue share of 37.8% by 2026, owing to region being a centre for major companies from automobile, aerospace & defence, and healthcare verticals. Region-wise, Asia Pacific excluding Japan (APEJ) is expected to be the second largest market in simulation and test data management market with market revenue expected to be valued at US$ 119.8 Mn by 2026. Certain market companies are providing integrated simulation and data management software as a single solution to consolidate their position in the market Key players reported in this study on the simulation and test data market include Siemens PLM, AVL, Dassault Systèmes: 3D Software Company, IBM Corporation, MSC Software Corporation, Informatica, ANSYS Software Pvt. Ltd., ESI Group, and Autodesk, Inc. who have significantly increased their footprint in the simulation and test data management market over the years. Some of the companies such as Siemens PLM and Dassault Systèmes: 3D Software Company are providing integrated simulation and data management software as a single solution, to consolidate their position in the market. Companies such as Informatica are providing test data management software with the help of hybrid cloud, offering a combination of on premise and hosted services. Read the full report: http://www.reportlinker.com/p04598098-summary/view-report.html About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. http://www.reportlinker.com __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/simulation-and-test-data-management-market-north-america-region-expected-to-be-the-largest-revenue-generator-for-simulation-and-test-data-management-by-2026-global-industry-analysis-and-opportunity-assessment-2016-2026-300390558.html SOURCE Reportlinker 
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