Simulation Software Market - By Offering, By Deployment Model, By Simulation, By End-use Industry & Forecast, 2024

Description

Simulation Software Market size is projected to register over 12% CAGR from 2024 to 2032, led by the increasing demand across various sectors, such as automotive, aerospace, healthcare, and manufacturing for cost-effective and efficient testing and prototyping solutions. The rising complexity of product designs and the growing need for performance optimization is accelerating the software adoption.

Robust advancements in AI and machine learning are enhancing the capabilities and accuracy of simulations. The growing trend of digital twins, where virtual models of physical systems are created for analysis and optimization are favoring the software deployment. The increasing push for reducing time-to-market and development costs is also encouraging businesses to invest in simulation tools, adding to the industry growth. For instance, in February 2024, JangaFX, a creator of real time visual effects tools, launched LiquiGen, its node-based real-time fluid simulation software designed to allow users to simulate and render lifelike liquids in real-time.

The simulation software market is categorized into offering, deployment model, simulation, end-user industry, and region.

Based on offering, the services segment will showcase strong growth from 2024 to 2032, on account of the increasing need for expert consultation, customization, and ongoing support. Several companies are seeking professional services for seamless software integration, training, and maintenance. The surging demand for specialized simulation solutions tailored to specific industry requirements and the trend of outsourcing complex simulation tasks is driving the segment growth.

With respect to deployment model, the simulation software market from the cloud segment will grow at notable rate through 2032, due to the rising need for scalable and cost-effective solutions. Cloud deployment is offering flexibility, easy access to resources, and reducing IT infrastructure costs. This model enables real-time collaboration and data sharing while enhancing productivity. The increasing adoption of cloud technologies across industries is propelling the demand for cloud-based simulation software.

Regionally, the Europe simulation software industry is slated to depict substantial gains from 2024 to 2032. This is owing to the increasing adoption in automotive, aerospace, and manufacturing industries for product testing and optimization. The advancements in AI and IoT are bolstering simulation capabilities. The growing push for innovation and reduced time-to-market is attracting investments in simulation tools. The rollout of stringent regulatory standards and the rising need for sustainable development is facilitating the use of simulation software for compliance and efficiency improvements in the region.

Product Code: 8940

Chapter 1 Methodology & Scope

1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
1.2 Base estimates and calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimates
1.3 Forecast model
1.4 Primary research & validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
1.5 Market definitions

Chapter 2 Executive Summary

2.1 Industry 360 degree synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem
3.2 Supplier landscape
- 3.2.1 Software providers
- 3.2.2 Technology providers
- 3.2.3 Service providers
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Key news & initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Expansion of industry 4.0 and smart manufacturing initiatives
  - 3.8.1.2 Increasing demand for virtual prototyping and testing
  - 3.8.1.3 Rising adoption of digital twin technology
  - 3.8.1.4 Rising advancements in artificial intelligence and machine learning
  - 3.8.1.5 Increasing complexity of systems and products
- 3.8.2 Industry pitfalls & challenges
  - 3.8.2.1 High development and maintenance costs
  - 3.8.2.2 Integration concerns with other software tools and systems
3.9 Growth potential analysis
3.10 Porter's analysis
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Offering, 2021 - 2032 ($Bn)

5.1 Key trends
5.2 Software
5.3 Services
- 5.3.1 Professional services
- 5.3.2 Managed services
- 5.3.3 Consulting services

Chapter 6 Market Estimates & Forecast, By Deployment Model, 2021 - 2032 ($Bn)

6.1 Key trends
6.2 On-premises
6.3 Cloud

Chapter 7 Market Estimates & Forecast, By Simulation, 2021 - 2032 ($Bn)

7.1 Key trends
7.2 Finite element analysis (FEA)
7.3 Computational fluid dynamics (CFD)
7.4 Multibody dynamics
7.5 Virtual simulation
7.6 Agent-based simulation
7.7 System simulation
7.8 Others

Chapter 8 Market Estimates & Forecast, By End-User Industry, 2021 - 2032 ($Bn)

8.1 Key trends
8.2 Manufacturing
8.3 Automotive
8.4 Aerospace and defense
8.5 Construction and architecture
8.6 Healthcare
8.7 Education and training
8.8 Others

Chapter 9 Market Estimates & Forecast, By Region, 2021 - 2032 ($Bn)

9.1 Key trends
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Spain
- 9.3.5 Italy
- 9.3.6 Russia
- 9.3.7 Nordics
- 9.3.8 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 ANZ
- 9.4.6 Southeast Asia
- 9.4.7 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.5.4 Rest of Latin America
9.6 MEA
- 9.6.1 UAE
- 9.6.2 South Africa
- 9.6.3 Saudi Arabia
- 9.6.4 Rest of MEA

Chapter 10 Company Profiles

10.1 Altair Engineering, Inc.
10.2 ANSYS, Inc.
10.3 Applied Math Modeling, Inc.
10.4 Aspen Technology, Inc.
10.5 Autodesk, Inc.
10.6 Bentley Systems, Incorporated
10.7 COMSOL, Inc.
10.8 CPFD Software, LLC
10.9 Dassault Systèmes
10.10 ESI Group
10.11 FluiDyna GmbH
10.12 Honeywell
10.13 Mathworks Inc.
10.14 MSC Software Corporation
10.15 Numeca International
10.16 Rescale, Inc.
10.17 Siemens PLM Software
10.18 Simscale GmbH
10.19 Synopsys, Inc.
10.20 ThermoAnalytics, Inc.

Simulation Software Market - By Offering, By Deployment Model, By Simulation, By End-use Industry & Forecast, 2024 - 2032