[August 14, 2018]

Global $14.53Bn Simulation Software Market by Deployment Type, End-User Industry and Region - Forecast to 2023 - ResearchAndMarkets.com

The "Global Simulation Software Market - Segmented by Deployment Type (On - Premise, Cloud), End User Industry (Automotive, IT and Telecommunication, Aerospace and Defense, Energy and Mining, Education and Research, Electrical and Electronics), and Region" report has been added to ResearchAndMarkets.com's offering.

Simulation Software Market has been valued at USD 6.18 billion in 2017 and is expected to grow at a CAGR of 15.1% during the forecast period (2018-2023) to reach USD billion 14.53 billion by 2023.

Simulation software is primarily based on the modeling of real-life scenarios incorporated with a specific set of mathematical formulas. It enables a user to observe the operation by running a possible simulation without actually implementing the program. This process is widely used during equipment design to obtain exact specifications without any modification.

In addition, simulation software along with real-time response is frequently utilied in gaming; however, it contributes an essential aspect to industrial applications. For instance, when the cost of improper training or operation is high, such as for nuclear power plant operators, airplane pilots, and chemical plant operators, the mock operation is connected to the simulation to obtain real-time similar control panels.

Key Highlights

• Rising Focus on R&D
• Cloud to Exhibit the Fastest Growth
• Asia Pacific to Exhibit the Fastest Growth

Notable Developments in the Market

• June 2018: MathWorks launched a predictive maintenance toolbox under MATLAB product which helps the engineers test and design predictive maintenance and condition monitoring algorithm.

Key Topics Covered

1. Introduction

2. Research Approach and Methodology

3. Executive Summary

4. Market Dynamics

5. Global Simulation Software Market Segmentation

6. Competitive Intelligence - Company Profiles

• Altair Engineering Inc.
• The MathWorks Inc.
• Autodesk (News - Alert) Inc.
• Cybernet Systems Corp.
• Bentley Systems Incorporated
• PTC
• Design Simulation Technologies Inc.
• Siemens (News - Alert) AG
• The 3DEXPERIENCE Company (Dassault Systems)

7. Investment Analysis

8. Opportunities in the Global Simulation Software Market

For more information about this report visit https://www.researchandmarkets.com/research/txxhst/global_14_53bn?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20180814005589/en/

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