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The Global Simulation Software Market size is expected to reach $19.4 billion by 2025, rising at a market growth of 15.3% CAGR during the forecast periodNEW YORK, Nov. 6, 2019 /PRNewswire/ -- The Global Simulation Software Market size is expected to reach $19.4 billion by 2025, rising at a market growth of 15.3% CAGR during the forecast period. Simulation software is a program that enables companies to create a sample process and to monitor an operation without actually doing it. It facilitates testing, tracking, and analysis of responses of the same or modified process with different inputs. Simulation technology is generally used to design equipment in order to ensure that the final product is similar to design specifications without making expensive changes to procedures. Several aerospace and defense companies have invested heavily in research to improve image recognition and related applications. Read the full report: https://www.reportlinker.com/p05826096/?utm_source=PRN Demand for simulation software grew due to increased R&D investment in different industries, including the aerospace and defense industries, automotive, and healthcare. Furthermore, the growth of this market is driven by the rise in demand for reduced product development times and reduced costs. Due to new trends including digital twin support, additive manufacturing, real-time simulation, and successful use of IoT and data analytics for simulation, the simulation software market is expected to grow exponentially. In addition, the market for simulation software has seen the shift towards strategic partnerships and collaboration between competitors and key players in the end user sectors in order to meet the demands of the related industries. This is expected to increase market growth over the forecast period. Jun-2019: Autodesk signed an agreement with Beaumont Technologies in which Beaumont will sell the Moldflow and simulation solutions of Autodesk. Apr-2019: MSC Software, a Hexagon Company extended its partnership with Aras in order to enhance its simulation process and data management solutions. Mar-2019: Altir collaborated with Malaysia Automotive Robotics and IoT Institute (MARii) and ORS for developing simulation solutions through the combination of the expertise of all the three companies. Feb-2019: Dassault Systemes signed partnership agreement with Airbus in which the 3DEXPERIENCE platform of Dassault will be deployed by Airbus for cooperating on the implementation of engineering, manufacturing and simulation applications. Jan-2019: Siemens PLM Software signed partnership agreement with Modelon in order to accelerate its simulation capabilities. Dec-2018: Siemens PLM Software signed an agreement with IDS in order to develop wide range of ElectroMagnetic products for delivering it to Galileo. Nov-2018: Autodesk extended its collaboration with Unity in order to provide real time experiences and visualization solutions to the industries. Acquisition and mergers: Oct-2019: Bentley Systems acquired Citilabs and Orbit Geospatial Technologies for the expansion of its analytics and mobile simulation software. Oct-2019: Siemens PLM Software took over Sheffield in order to enhance its business capabilities. Oct-2019: Synopsys acquired QTronic GmbH in order to strengthen its business by developing new and innovative products related to simulation. Jun-2019: Dassault Systemes announced the acquisition of Medidata Solutions for the commercial testing of health technologies and devices. Jun-2019: Hexagon took over AMendate in order to complement its simulation software and providing support to next generation and optimization of designs for additive manufacturing. Jan-2019: ANSYS acquired Granta Design in order to enhance its portfolio which gives the customers access to material intelligence which comprises of the data that are critical to successful simulations. Dec-2018: Altir acquired Datawatch Corporation in order to develop products which deliver high value to the customers. Nov-2018: PTC acquired Frustum, Inc. in order to enhance its CAD portfolio which accelerated the generative design capabilities. Oct-2018: Altir took over SIMSOLID, which works on full-fidelity CAD assemblies for delivering accurate, fast and robust structural simulation without the need of geometry simplification, cleanup, or meshing in order to enhance its capabilities. Oct-2018: Bentley Systems took over LEGION in order to enhance its modeling solutions. Jun-2018: Hexagon acquired SPRING Technologies in order to optimize the machining workflows through machine tool management, machine tool simulation, and toolpath verification and optimization. Mar-2018: ANSYS took over OPTIS that will extend its multiphysics-based portfolio into the increasingly important area of optical simulation. Sep-2017: Altir announced the acquisition of Componeering Inc. for developing ESAComp composites simulation software. Product Launches: Sep-2019: MathWorks launched 2019b with a range of new capabilities in MATLAB and Simulink in order to support new training resources for event-based modeling. Jun-2019: Altir launched Altair HyperWorks 2019, the latest version of its simulation and AI-driven product development platform which is capable of making fast simulation of complex assemblies and provides enhanced user experience for fast concept modeling. Jun-2019: PTC released ThingWorx 8.5, an Industrial IoT (IIoT) platform in order to combine the new capabilities with domain-specific solutions for addressing the digital transformation needs of industrial enterprises. May-2019: Bentley Systems announced the launch of OpenBuildings Station Designer, a new multidisciplinary application for simulation of new or operating metro, rail or other transit stations. Mar-2019: PTC introduced Creo® 3D computer-aided design (CAD) platform for enabling the engineers to use the manufacturing capabilities and innovative design in one environment. Jan-2019: Siemens PLM Software launched new Simcenter 3D PLM software which offers wide range of simulation capabilities. Aug-2018: Altir introduced a new software licensing model for its solidThinking suite of simulation-driven design software for sharing the distinct and similar advantages which enables the design engineering community and SMB customers in order to drive product innovation with simulation. Mar-2018: PTC announced the launch of Creo 5.0 in order to add a number of functions which suggests the improved design possibilities for allowing the users to prepare for the functions. Dec-2017: Synopsys launched LucidDrive® software product, in order to allow the designers to stimulate the performance of automotive headlamps while driving at night. Aug-2017: ANSYS launched Ansys 18.2, new software which provides high speed, accuracy and ease-of use in automotive applications. Expansions: Oct-2019: Hexagon opened a new R&D center in Hyderabad in order to expand its reach to India for making the research of its simulation applications. Feb-2019: Dassault Systemes expanded its reach to India by opening a new 3D' experience centre in Chennai in order to enhance its business. Feb-2016: Autodesk extended its simulation workspace in Fusion 360 functionality by adding thermal functionalities to it for making improvements to rendering, modeling and collaboration tools. Scope of the Study Market Segmentation: By Component • Software (Without Services) • Services By Deployment Mode • On-premise • Cloud By Vertical • Automotive • Aerospace & Defense • Electrical & Electronics • Industrial Equipment • Healthcare • Others By Geography • North America o US o Canada o Mexico o Rest of North America • Europe o Germany o UK o France o Russia o Spain o Italy o Rest of Europe • Asia Pacific o China o Japan o India o South Korea o Singapore o Malaysia o Rest of Asia Pacific • LAMEA o Brazil o Argentina o UAE o Saudi Arabia o South Africa o Nigeria o Rest of LAMEA Companies Profiled • Altair Engineering, Inc. • ANSYS, Inc. • Autodesk, Inc. • Bentley Systems, Inc. • Dassault Systemes SE • Hexagon AB • PTC, Inc. • Siemens AG • Synopsys, Inc. Unique Offerings from KBV Research • Exhaustive coverage • Highest number of market tables and figures • Subscription based model available • Guaranteed best price • Assured post sales research support with 10% customization free Read the full report: https://www.reportlinker.com/p05826096/?utm_source=PRN 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. __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 SOURCE Reportlinker |