Global Simulation and Analysis Software Market 2018-2022
About Simulation and Analysis Software
Simulation and analysis software solutions are used to create prototypes of systems or processes that are to be implemented to understand the working, analyze the safety and durability, analyze the effects of the environment, and improve the model to ensure efficient outcomes.
Technavio’s analysts forecast the global simulation and analysis software market will be close to USD 8 billion by 2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global simulation and analysis software market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Simulation and Analysis Software Market 2018-2022
Technavio recognizes the following companies as the key players in the global simulation and analysis software market: ANSYS, Altair, Dassault Systѐmes, Hexagon, PTC, and Siemens.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is simulation in digital twin making. With the growing need for understanding the various attributes of actual systems, vendors in the simulation and analysis software market are focusing on creating digital twins, a digital model that represents the actual system.”
According to the report, one driver in the market is improvements in safety and reliability of aerospace designs. With the rising need for lightweight aerospace and defense systems and continuous improvements in specifications, the adoption of simulation has increased considerably in the recent years.
Further, the report states that one challenge in the market is high cost of software. The cost of simulation and analysis software solutions is high. The cost of training people to use such software solutions is also high. For instance, the aerospace industry is a major end-user of simulation and analysis software solutions.