The global simulation software market size is valued at USD 9.6 billion in 2020 and is expected to expand at a CAGR of 17% from 2021 to 2027. Simulation software is a tool used to virtually create a real-time environment. Test the applicability and effectiveness of a variety of products and processes. Benefits such as reduced production spending and reduced training costs are expected to drive the simulation software market. In addition, simulation tools play an important role in determining the effectiveness of military weapons. It also helps automakers determine ideal vehicle prototypes to reduce their CO2 emissions.
A full report of Simulation Software Market available at: https://www.orionmarketreports.com/simulation-software-market/40586/
Simulation Software Market- Segmentation
By Component
• Software
• Services
By Deployment Mode
• On-premise
• Cloud
By Industry Vertical
• Architecture, Engineering, Construction (AEC)
• Aerospace & Defense
• Automotive
• Electrical & Electronics
• Healthcare
• Others
Key Market Players
• Altair Engineering, Inc.
• ANSYS, Inc.
• Autodesk, Inc.
• Bentley Systems
• Dassault Systmes
• Hexagon (MSC Software Corporation)
• The MathWorks, Inc.
• PTC, Inc.
• Siemens PLM Software
• The AnyLogic Company
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
