Simulation and Analysis Software Market to Record a CAGR of 13.36%, On-premise to be Largest Revenue-generating Deployment Segment - Technavio Research Reports
NEW YORK, Oct. 4, 2022 /PRNewswire/ -- The "Simulation and Analysis Software Market by Deployment (on-premise and cloud), End-user (automotive, aerospace and defense, industrial manufacturing, and others), and Geography (North America, Europe, APAC, South America, and Middle East and Africa) - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. By deployment, the on-premises segment will be the largest contributor to market growth during the forecast period. The adoption of on-premise simulation and analysis software is higher than cloud-based solutions, as they offer more security. These solutions are used by large enterprises in the aerospace, automobile, and manufacturing industries.
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The potential growth difference for the simulation and analysis software market size between 2021 and 2026 is USD 7.98 billion. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.
Some Companies Mentioned
Altair Engineering Inc., ANSYS Inc., Autodesk Inc, AVEVA Group Plc, AVL List GmbH, Bentley Systems Inc., Cesim Oy, Dassault Systemes SE, ESI Group SA, GSE Systems Inc., Hexagon AB, Honeywell International Inc., Keysight Technologies Inc., Riverbed Technology Inc., Rockwell Automation Inc., Siemens AG, Simul8 Corp., Simulations Plus Inc., Synopsys Inc., The MathWorks Inc., among others, are the main players in the market. The key offerings of some of these vendors are listed below:
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Key Market Dynamics
The growing demand for simulation and analysis software is driving the simulation and analysis software market growth. However, factors such as high costs of deployment and complex architecture of simulation technologies may challenge the market growth during the forecast period.
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North America will be the leading region with 44% of the market's growth during the forecast period. The US is the key country for the simulation and analysis software market in the region. Moreover, market growth in this region will be faster than the growth of the market in other regions.
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Key Topics Covered
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Deployment
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
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