PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1235864
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1235864
Offshore Structural Analysis Software Market Forecasts to 2028 - Global Analysis By Structure, Product, End User and Geography
According to Stratistics MRC, the Global Offshore Structural Analysis Software Market is growing at a CAGR of 8.3% during the forecast period. For a wide range of operating conditions and capabilities, offshore engineers and structural engineers must design, analyse, and simulate the response of offshore platforms or wind turbines. Software for offshore structural analysis is used by offshore designers to solve structural design problems for offshore structures like oil and gas platforms, FPSO topsides, and floating platforms. They can examine the lifecycle from design to operation to decommissioning. Offshore engineers are capable of producing designs that can withstand unplanned occurrences like pushover, ship impact, dropped objects, and blast loading.
According to the World Bank by 2050, agriculture production will increase by nearly 70%, resulting in increasing demand for irrigation and crop protection. Therefore, the increase in irrigation and crop protection will drive the growth of the tractor implement market.
Market Dynamics:
Driver:
Growing demand from the oil and gas industry
The market for offshore structural analysis software is anticipated to grow as a result of factors including rising demand for offshore engineering that is cost-effective, increasing demand from the oil and gas industry, and rising demand for workplaces that are environmentally friendly. Other factors that are anticipated to drive the growth of the offshore structural analysis software market in the forecast period include the rising demand for offshore structure software from architects and engineers, technological development and advancement, and the growing significance of architects, engineers, and contractors in the use of this software.
Restraint:
High investments
The high cost of the investment and the challenges encountered by the lower-level employees in implementing the offshore structure software. Moreover, the inability to model and analyse certain objects, such as curves and parabolic beams, will likely further impede the growth of the offshore structural analysis software market in the near future.
Opportunity:
Implementation of cloud computing technology
One of the major market trends for offshore structural analysis software that is anticipated to have a positive impact on the sector in the coming years is the introduction of cloud computing technology. When offshore structural analysis is performed using cloud computing technology, the pre- and post-processing tasks are still carried out locally, but the model is sent to the cloud platform for analysis, freeing the customer to finish other tasks on their local computers until the results are returned to them.
Threat:
Lack of workers with digital skills
The lack of employees with digital skills is one of the main obstacles to the growth of the global offshore structural analysis software industry. In addition to understanding offshore structures and designs, using offshore structural analysis software requires knowledge of how to use software platforms. The workforce must be able to analyse complex structures using this platform, make the necessary changes, and first confirm that the structure and design comply with offshore structural analysis software.
COVID-19 Impact:
The market for offshore structural analysis software has suffered as a result of the COVID-19 outbreak. Industries like oil and gas, maritime, power generation, government, and defence are all significantly impacted by COVID-19. The digitalization of customer interactions has, however, advanced by several years as a result of the COVID-19 crisis. In a variety of end-user industries, this has increased the adoption of software technologies. Thus, during the period of forecasting, growth in the regional offshore structural analysis software market is anticipated.
The Oil & Gas segment is expected to be the largest during the forecast period
Because of the large number of offshore projects in this sector that use offshore structural analysis software for structure design, the oil and gas segment is expected to have the largest share throughout the forecast period. The demand is also being fueled by the increasing emphasis architects, engineers, and contractors are placing on using offshore structural analysis software.
The Software segment is expected to have the highest CAGR during the forecast period
Due to growing demand for cloud-based engineering software that offers greater ease, storage, and security, the software segment is expected to have the highest CAGR during the forecast period. Future market expansion is anticipated to be substantial due to the rise in advanced product visualisation for the creation of high-quality products with superior structural design and drawing. Such factors are driving segment growth.
Region with largest share:
Due to the increasing demand for structures with high maintenance power, Asia Pacific currently holds dominance and is expected to witness the largest share in the offshore structural analysis software market. For offshore structural analysis software in the area, China represents the largest market. Moreover, in other Asian nations like Indonesia and South Korea, offshore structural analysis software is also becoming more popular.
Region with highest CAGR:
As awareness of offshore structural analysis software grows, North America is expected to experience the highest CAGR over the forecast period. United States and Canada are the key markets for offshore structural analysis software in North America. Additionally, the rise of cloud-based services is lowering the high maintenance and operating costs associated with offshore structural analysis software, which is further expected to fuel the growth of the offshore structural analysis software market in the region in the coming years.
Key players in the market
Some of the key players in Offshore Structural Analysis Software market include: AVL List GmbH, Bentley Systems Inc., BMT Group Ltd., Dlubal Software Inc., DNV Group AS, Dogtooth Technologies Ltd., Energid Technologies Corp., FFRobotics, Harvest CROO Robotics LLC, Iron Ox Inc., John Wood Group PLC, Metomotion, Panasonic Corp, Ramboll Group AS, Robert Bosch GmbH, Stewart Technology Associates, Viking Systems Inc., Vision Robotics Corp and Zebec Marine Consultant and Services.
Key Developments:
In May, 2022, BMT Group to provide an enhanced concept design belonging to its multi-role logistics ship design family, ELLIDA, that works for the Joint Support Ship project, SEA2200 of the Royal Australian Navy.
In January, 2020: The Actin Control Software of Energid's technologies to facilitate Robo Mantis by making it capable of quadrupedal walking in wheeled motion. Such a facility can be quite helpful in academic research applications, mining, agriculture, defense, and industrial inspection.
Structures Covered:
- Compliant Towers
- Gravity Base
- Shallow Water Complex
- Other Structures
Products Covered:
- Software
- Services
End Users Covered:
- Electricity Production
- Oil & Gas
- Marine
- Power Generation
- Government and Defense
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Product Analysis
- 3.7 End User Analysis
- 3.8 Emerging Markets
- 3.9 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Offshore Structural Analysis Software Market, By Structure
- 5.1 Introduction
- 5.2 Compliant Towers
- 5.3 Gravity Base
- 5.4 Shallow Water Complex
- 5.5 Other Structures
6 Global Offshore Structural Analysis Software Market, By Product
- 6.1 Introduction
- 6.2 Software
- 6.2.1 Cloud
- 6.2.2 On-premise
- 6.3 Services
- 6.3.1 Professional
- 6.3.2 Managed
7 Global Offshore Structural Analysis Software Market, By End User
- 7.1 Introduction
- 7.2 Electricity Production
- 7.3 Oil & Gas
- 7.4 Marine
- 7.5 Power Generation
- 7.6 Government and Defense
8 Global Offshore Structural Analysis Software Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 AVL List GmbH
- 10.2 Bentley Systems Inc.
- 10.3 BMT Group Ltd.
- 10.4 Dlubal Software Inc.
- 10.5 DNV Group AS
- 10.6 Dogtooth Technologies Ltd.
- 10.7 Energid Technologies Corp.
- 10.8 FFRobotics
- 10.9 Harvest CROO Robotics LLC
- 10.10 Iron Ox Inc.
- 10.11 John Wood Group PLC
- 10.12 Metomotion
- 10.13 Panasonic Corp.
- 10.14 Ramboll Group AS
- 10.15 Robert Bosch GmbH
- 10.16 Stewart Technology Associates
- 10.17 Viking Systems Inc.
- 10.18 Vision Robotics Corp.
- 10.19 Zebec Marine Consultant and Services
List of Tables
- Table 1 Global Offshore Structural Analysis Software Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global Offshore Structural Analysis Software Market Outlook, By Structure (2020-2028) ($MN)
- Table 3 Global Offshore Structural Analysis Software Market Outlook, By Compliant Towers (2020-2028) ($MN)
- Table 4 Global Offshore Structural Analysis Software Market Outlook, By Gravity Base (2020-2028) ($MN)
- Table 5 Global Offshore Structural Analysis Software Market Outlook, By Shallow Water Complex (2020-2028) ($MN)
- Table 6 Global Offshore Structural Analysis Software Market Outlook, By Other Structures (2020-2028) ($MN)
- Table 7 Global Offshore Structural Analysis Software Market Outlook, By Product (2020-2028) ($MN)
- Table 8 Global Offshore Structural Analysis Software Market Outlook, By Software (2020-2028) ($MN)
- Table 9 Global Offshore Structural Analysis Software Market Outlook, By Cloud (2020-2028) ($MN)
- Table 10 Global Offshore Structural Analysis Software Market Outlook, By On-premise (2020-2028) ($MN)
- Table 11 Global Offshore Structural Analysis Software Market Outlook, By Services (2020-2028) ($MN)
- Table 12 Global Offshore Structural Analysis Software Market Outlook, By Professional (2020-2028) ($MN)
- Table 13 Global Offshore Structural Analysis Software Market Outlook, By Managed (2020-2028) ($MN)
- Table 14 Global Offshore Structural Analysis Software Market Outlook, By End User (2020-2028) ($MN)
- Table 15 Global Offshore Structural Analysis Software Market Outlook, By Electricity Production (2020-2028) ($MN)
- Table 16 Global Offshore Structural Analysis Software Market Outlook, By Oil & Gas (2020-2028) ($MN)
- Table 17 Global Offshore Structural Analysis Software Market Outlook, By Marine (2020-2028) ($MN)
- Table 18 Global Offshore Structural Analysis Software Market Outlook, By Power Generation (2020-2028) ($MN)
- Table 19 Global Offshore Structural Analysis Software Market Outlook, By Government and Defense (2020-2028) ($MN)
- Table 20 North America Offshore Structural Analysis Software Market Outlook, By Country (2020-2028) ($MN)
- Table 21 North America Offshore Structural Analysis Software Market Outlook, By Structure (2020-2028) ($MN)
- Table 22 North America Offshore Structural Analysis Software Market Outlook, By Compliant Towers (2020-2028) ($MN)
- Table 23 North America Offshore Structural Analysis Software Market Outlook, By Gravity Base (2020-2028) ($MN)
- Table 24 North America Offshore Structural Analysis Software Market Outlook, By Shallow Water Complex (2020-2028) ($MN)
- Table 25 North America Offshore Structural Analysis Software Market Outlook, By Other Structures (2020-2028) ($MN)
- Table 26 North America Offshore Structural Analysis Software Market Outlook, By Product (2020-2028) ($MN)
- Table 27 North America Offshore Structural Analysis Software Market Outlook, By Software (2020-2028) ($MN)
- Table 28 North America Offshore Structural Analysis Software Market Outlook, By Cloud (2020-2028) ($MN)
- Table 29 North America Offshore Structural Analysis Software Market Outlook, By On-premise (2020-2028) ($MN)
- Table 30 North America Offshore Structural Analysis Software Market Outlook, By Services (2020-2028) ($MN)
- Table 31 North America Offshore Structural Analysis Software Market Outlook, By Professional (2020-2028) ($MN)
- Table 32 North America Offshore Structural Analysis Software Market Outlook, By Managed (2020-2028) ($MN)
- Table 33 North America Offshore Structural Analysis Software Market Outlook, By End User (2020-2028) ($MN)
- Table 34 North America Offshore Structural Analysis Software Market Outlook, By Electricity Production (2020-2028) ($MN)
- Table 35 North America Offshore Structural Analysis Software Market Outlook, By Oil & Gas (2020-2028) ($MN)
- Table 36 North America Offshore Structural Analysis Software Market Outlook, By Marine (2020-2028) ($MN)
- Table 37 North America Offshore Structural Analysis Software Market Outlook, By Power Generation (2020-2028) ($MN)
- Table 38 North America Offshore Structural Analysis Software Market Outlook, By Government and Defense (2020-2028) ($MN)
- Table 39 Europe Offshore Structural Analysis Software Market Outlook, By Country (2020-2028) ($MN)
- Table 40 Europe Offshore Structural Analysis Software Market Outlook, By Structure (2020-2028) ($MN)
- Table 41 Europe Offshore Structural Analysis Software Market Outlook, By Compliant Towers (2020-2028) ($MN)
- Table 42 Europe Offshore Structural Analysis Software Market Outlook, By Gravity Base (2020-2028) ($MN)
- Table 43 Europe Offshore Structural Analysis Software Market Outlook, By Shallow Water Complex (2020-2028) ($MN)
- Table 44 Europe Offshore Structural Analysis Software Market Outlook, By Other Structures (2020-2028) ($MN)
- Table 45 Europe Offshore Structural Analysis Software Market Outlook, By Product (2020-2028) ($MN)
- Table 46 Europe Offshore Structural Analysis Software Market Outlook, By Software (2020-2028) ($MN)
- Table 47 Europe Offshore Structural Analysis Software Market Outlook, By Cloud (2020-2028) ($MN)
- Table 48 Europe Offshore Structural Analysis Software Market Outlook, By On-premise (2020-2028) ($MN)
- Table 49 Europe Offshore Structural Analysis Software Market Outlook, By Services (2020-2028) ($MN)
- Table 50 Europe Offshore Structural Analysis Software Market Outlook, By Professional (2020-2028) ($MN)
- Table 51 Europe Offshore Structural Analysis Software Market Outlook, By Managed (2020-2028) ($MN)
- Table 52 Europe Offshore Structural Analysis Software Market Outlook, By End User (2020-2028) ($MN)
- Table 53 Europe Offshore Structural Analysis Software Market Outlook, By Electricity Production (2020-2028) ($MN)
- Table 54 Europe Offshore Structural Analysis Software Market Outlook, By Oil & Gas (2020-2028) ($MN)
- Table 55 Europe Offshore Structural Analysis Software Market Outlook, By Marine (2020-2028) ($MN)
- Table 56 Europe Offshore Structural Analysis Software Market Outlook, By Power Generation (2020-2028) ($MN)
- Table 57 Europe Offshore Structural Analysis Software Market Outlook, By Government and Defense (2020-2028) ($MN)
- Table 58 Asia Pacific Offshore Structural Analysis Software Market Outlook, By Country (2020-2028) ($MN)
- Table 59 Asia Pacific Offshore Structural Analysis Software Market Outlook, By Structure (2020-2028) ($MN)
- Table 60 Asia Pacific Offshore Structural Analysis Software Market Outlook, By Compliant Towers (2020-2028) ($MN)
- Table 61 Asia Pacific Offshore Structural Analysis Software Market Outlook, By Gravity Base (2020-2028) ($MN)
- Table 62 Asia Pacific Offshore Structural Analysis Software Market Outlook, By Shallow Water Complex (2020-2028) ($MN)
- Table 63 Asia Pacific Offshore Structural Analysis Software Market Outlook, By Other Structures (2020-2028) ($MN)
- Table 64 Asia Pacific Offshore Structural Analysis Software Market Outlook, By Product (2020-2028) ($MN)
- Table 65 Asia Pacific Offshore Structural Analysis Software Market Outlook, By Software (2020-2028) ($MN)
- Table 66 Asia Pacific Offshore Structural Analysis Software Market Outlook, By Cloud (2020-2028) ($MN)
- Table 67 Asia Pacific Offshore Structural Analysis Software Market Outlook, By On-premise (2020-2028) ($MN)
- Table 68 Asia Pacific Offshore Structural Analysis Software Market Outlook, By Services (2020-2028) ($MN)
- Table 69 Asia Pacific Offshore Structural Analysis Software Market Outlook, By Professional (2020-2028) ($MN)
- Table 70 Asia Pacific Offshore Structural Analysis Software Market Outlook, By Managed (2020-2028) ($MN)
- Table 71 Asia Pacific Offshore Structural Analysis Software Market Outlook, By End User (2020-2028) ($MN)
- Table 72 Asia Pacific Offshore Structural Analysis Software Market Outlook, By Electricity Production (2020-2028) ($MN)
- Table 73 Asia Pacific Offshore Structural Analysis Software Market Outlook, By Oil & Gas (2020-2028) ($MN)
- Table 74 Asia Pacific Offshore Structural Analysis Software Market Outlook, By Marine (2020-2028) ($MN)
- Table 75 Asia Pacific Offshore Structural Analysis Software Market Outlook, By Power Generation (2020-2028) ($MN)
- Table 76 Asia Pacific Offshore Structural Analysis Software Market Outlook, By Government and Defense (2020-2028) ($MN)
- Table 77 South America Offshore Structural Analysis Software Market Outlook, By Country (2020-2028) ($MN)
- Table 78 South America Offshore Structural Analysis Software Market Outlook, By Structure (2020-2028) ($MN)
- Table 79 South America Offshore Structural Analysis Software Market Outlook, By Compliant Towers (2020-2028) ($MN)
- Table 80 South America Offshore Structural Analysis Software Market Outlook, By Gravity Base (2020-2028) ($MN)
- Table 81 South America Offshore Structural Analysis Software Market Outlook, By Shallow Water Complex (2020-2028) ($MN)
- Table 82 South America Offshore Structural Analysis Software Market Outlook, By Other Structures (2020-2028) ($MN)
- Table 83 South America Offshore Structural Analysis Software Market Outlook, By Product (2020-2028) ($MN)
- Table 84 South America Offshore Structural Analysis Software Market Outlook, By Software (2020-2028) ($MN)
- Table 85 South America Offshore Structural Analysis Software Market Outlook, By Cloud (2020-2028) ($MN)
- Table 86 South America Offshore Structural Analysis Software Market Outlook, By On-premise (2020-2028) ($MN)
- Table 87 South America Offshore Structural Analysis Software Market Outlook, By Services (2020-2028) ($MN)
- Table 88 South America Offshore Structural Analysis Software Market Outlook, By Professional (2020-2028) ($MN)
- Table 89 South America Offshore Structural Analysis Software Market Outlook, By Managed (2020-2028) ($MN)
- Table 90 South America Offshore Structural Analysis Software Market Outlook, By End User (2020-2028) ($MN)
- Table 91 South America Offshore Structural Analysis Software Market Outlook, By Electricity Production (2020-2028) ($MN)
- Table 92 South America Offshore Structural Analysis Software Market Outlook, By Oil & Gas (2020-2028) ($MN)
- Table 93 South America Offshore Structural Analysis Software Market Outlook, By Marine (2020-2028) ($MN)
- Table 94 South America Offshore Structural Analysis Software Market Outlook, By Power Generation (2020-2028) ($MN)
- Table 95 South America Offshore Structural Analysis Software Market Outlook, By Government and Defense (2020-2028) ($MN)
- Table 96 Middle East & Africa Offshore Structural Analysis Software Market Outlook, By Country (2020-2028) ($MN)
- Table 97 Middle East & Africa Offshore Structural Analysis Software Market Outlook, By Structure (2020-2028) ($MN)
- Table 98 Middle East & Africa Offshore Structural Analysis Software Market Outlook, By Compliant Towers (2020-2028) ($MN)
- Table 99 Middle East & Africa Offshore Structural Analysis Software Market Outlook, By Gravity Base (2020-2028) ($MN)
- Table 100 Middle East & Africa Offshore Structural Analysis Software Market Outlook, By Shallow Water Complex (2020-2028) ($MN)
- Table 101 Middle East & Africa Offshore Structural Analysis Software Market Outlook, By Other Structures (2020-2028) ($MN)
- Table 102 Middle East & Africa Offshore Structural Analysis Software Market Outlook, By Product (2020-2028) ($MN)
- Table 103 Middle East & Africa Offshore Structural Analysis Software Market Outlook, By Software (2020-2028) ($MN)
- Table 104 Middle East & Africa Offshore Structural Analysis Software Market Outlook, By Cloud (2020-2028) ($MN)
- Table 105 Middle East & Africa Offshore Structural Analysis Software Market Outlook, By On-premise (2020-2028) ($MN)
- Table 106 Middle East & Africa Offshore Structural Analysis Software Market Outlook, By Services (2020-2028) ($MN)
- Table 107 Middle East & Africa Offshore Structural Analysis Software Market Outlook, By Professional (2020-2028) ($MN)
- Table 108 Middle East & Africa Offshore Structural Analysis Software Market Outlook, By Managed (2020-2028) ($MN)
- Table 109 Middle East & Africa Offshore Structural Analysis Software Market Outlook, By End User (2020-2028) ($MN)
- Table 110 Middle East & Africa Offshore Structural Analysis Software Market Outlook, By Electricity Production (2020-2028) ($MN)
- Table 111 Middle East & Africa Offshore Structural Analysis Software Market Outlook, By Oil & Gas (2020-2028) ($MN)
- Table 112 Middle East & Africa Offshore Structural Analysis Software Market Outlook, By Marine (2020-2028) ($MN)
- Table 113 Middle East & Africa Offshore Structural Analysis Software Market Outlook, By Power Generation (2020-2028) ($MN)
- Table 114 Middle East & Africa Offshore Structural Analysis Software Market Outlook, By Government and Defense (2020-2028) ($MN)
