Summary

The global Simulation Software market size is estimated to grow from USD 19.95 Billion in 2024 to USD 36.22 Billion by 2030 at a compound annual growth rate (CAGR) of 10.4 % during the forecast period.
The growth in the simulation software market is attributed to the need for more cost-effective approaches to reduce production expenses and training costs, the development of digital twin technology, the growing intricacy and interconnectedness of systems across various industries, , and efficient processes surrounding training and optimization. However, the market faces challenges, such as a very costly implementation process, deterring smaller companies from joining, difficulties in integrating simulation tools with existing IT systems, and a lack of awareness of the software's benefits. The uncertainty about the maturity of simulation technologies and intense competition from established solutions fuels wariness among potential customers. In this regard, competition in cost barriers, complexity of integration, and lack of awareness are the key challenges that must be countered to enable more widespread expansion of simulation software usage into industries.
By Software Type, Gaming, AR, VR, and Training Simulation Software accounts for the highest CAGR during the forecast period
The gaming, augmented reality (AR), virtual reality (VR), and training simulation software is expected to grow at the fastest rate within the simulation software market owing to factors such as rising demand for immersive experiences and enhanced user engagement. The use of AR and VR technologies in gaming has set high standards, with popular applications like Pokémon GO and Half-Life: Alyx driving consumer interest. Additionally, technological innovations such as generative AI and wireless VR headsets are expanding access to dynamic virtual environments, boosting the adoption of AR/VR. Beyond gaming, these technologies are widely used in training simulations for industries like healthcare, aviation, and the military, providing realistic, risk-free environments for skill building and retention. The ability to personalize training, reduce costs, and enhance collaboration makes AR/VR tools indispensable for both entertainment and business applications, fueling further innovation and growth in this segment.
US to hold the largest market size for North America simulation software market.
The U.S. leads the North American simulation software market due to its diverse industrial base, technological advancements, and significant investments in simulation for training, design, and decision-making. Key sectors like healthcare, automotive, and aerospace drive demand for advanced simulation tools, supported by major government initiatives, including NASA’s research and training programs. The integration of AI for predictive capabilities, coupled with innovations in digital twins, further strengthens the U.S. market, enhancing efficiency, cost savings, and continuous optimization across industries.
Breakdown of primaries
The study contains insights from various industry experts, from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
• By Company Type: Tier 1 – 40%, Tier 2 – 35%, and Tier 3 – 25%
• By Designation: C-level Executives – 45%, Directors – 35%, and Managers– 20%
• By Region: North America – 35%, Asia Pacific – 30%, Europe – 25%, Middle East & Africa– 5%, and Latin America – 5%
Major vendors in the Simulation Software market include Dassault Systemes (France), Ansys (US), Autodesk (US), AVL List GmbH (Austria), MathWorks(US), Siemens (Germany), Hexagon (US), Synopsys (Canada), Texas Instruments (US), SAS (US), CAE (Canada), Emerson (US), Honeywell (US), Rockwell Automation (US), Altair (US), PTC (US), AspenTech (US), Keysight (US), Aveva (UK), Spirent (UK), Bentley (US), Certara (US).
The study includes an in-depth competitive analysis of the key players in the simulation software market, their company profiles, recent developments, and key market strategies.
 
Research Coverage
The report segments the simulation software market by offerings, software type, deployment mode, organization size, application vertical, and region. It forecasts its size by offering (Software Professional Services).
By software type (Computer-Aided Design Simulation Software, Physics and Multiphysics Simulation Software, Finite Element Analysis Software, Computational Fluid Dynamics Software, Process Simulation Software, Electronic Simulation Software, Electromagnetic Simulation Software, Healthcare and Epidemiological Simulation Software, Gaming, AR, VR, and Training Simulation Software, Manufacturing simulation software, Other Software Types (Robotics, Financial & Economic, Environmental, Molecular & Chemical, Social, and Traffic))
By Deployment (On-Premises, Cloud), By Organization Size (Large Enterprises and SMEs), By Application (Engineering, Research, Modeling, and Simulated Testing, Automotive and Vehicle Simulation, Gamification, VR, AR, and Immersive Experience, Manufacturing and Process Optimization, Urban Planning, Supply Chain, Logistics Management, and Transportation, Healthcare and Medical Device Simulation, Other Applications (cyber simulation, financial and risk management, energy, and environmental) ), By Vertical (Automotive, Aerospace & Defense, Electrical & Electronics, Healthcare & Pharmaceuticals, Oil & Gas And Mining, Construction, Shipbuilding & Marine Engineering, Chemicals, Gaming, Othe verticals (Include Robotics, Media & Entertainment, Transportation, And Education)), By Region ( North America, Europe, Asia Pacific, Middle East and Africa, Latin America).
The study also includes an in-depth competitive analysis of the market's key players, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the simulation software market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
Analysis of key drivers, such as (Increasing capabilities of simulation about advanced technologies
such as digital twin, AR/VR, and 3D printing, Growing demand from the healthcare/medical industry, Increasing demand for effective solutions to reduce production expenses, and
training costs, Advancements in computing power, and cloud technology); Restraints (High cost of simulation software and services, Lack of skilled professionals to operate simulation software, complexity of simulation software); Opportunities (Growth of automotive industry, expansion of healthcare industry, development of new technologies such as quantum computing and artificial intelligence) and Challenges (Lack of standardization, Regulatory and compliance challenges, Integration and compatibility).
• Product Development/Innovation: Detailed insights on upcoming technologies, research development activities, new products, and service launches in the simulation software market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the simulation software market across varied regions.
• Market Diversification: Exhaustive information about new products and services, untapped geographies, recent developments, and investments in the simulation software market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players Dassault Systemes (France), Ansys (US), Autodesk (US), AVL List GmbH (Austria), MathWorks(US), Siemens (Germany), Hexagon (US), Synopsys (Canada), Texas Instruments (US), SAS (US), CAE (Canada), Emerson (US), Honeywell (US), Rockwell Automation (US), Altair (US), PTC (US), AspenTech (US), Keysight (US), Aveva (UK), Spirent (UK), Bentley (US), Certara (US) among others, in the simulation software market strategies.

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Table of Contents

1 INTRODUCTION 43
1.1 STUDY OBJECTIVES 43
1.2 MARKET DEFINITION 43
1.2.1 INCLUSIONS & EXCLUSIONS 44
1.3 STUDY SCOPE 45
1.3.1 MARKET SEGMENTATION 45
1.3.2 YEARS CONSIDERED 46
1.4 CURRENCY CONSIDERED 46
1.5 STAKEHOLDERS 47
1.6 SUMMARY OF CHANGES 47
2 RESEARCH METHODOLOGY 48
2.1 RESEARCH DATA 48
2.1.1 SECONDARY DATA 49
2.1.2 PRIMARY DATA 50
2.1.2.1 Breakdown of primary profiles 50
2.1.2.2 Key insights from industry experts 51
2.2 DATA TRIANGULATION 51
2.3 MARKET SIZE ESTIMATION 52
2.3.1 TOP-DOWN APPROACH 53
2.3.2 BOTTOM-UP APPROACH 54
2.4 MARKET FORECAST 55
2.5 RESEARCH ASSUMPTIONS 55
2.6 RESEARCH LIMITATIONS 56
3 EXECUTIVE SUMMARY 57
4 PREMIUM INSIGHTS 61
4.1 ATTRACTIVE OPPORTUNITIES FOR KEY PLAYERS IN SIMULATION SOFTWARE MARKET 61
4.2 SIMULATION SOFTWARE MARKET, BY OFFERING, 2024–2030 61
4.3 SIMULATION SOFTWARE MARKET, BY SOFTWARE TYPE, 2024–2030 62
4.4 SIMULATION SOFTWARE MARKET, BY DEPLOYMENT MODE, 2024–2030 62
4.5 SIMULATION SOFTWARE MARKET, BY ORGANIZATION SIZE, 2024–2030 63
4.6 SIMULATION SOFTWARE MARKET, BY APPLICATION, 2024–2030 63
4.7 SIMULATION SOFTWARE MARKET, BY VERTICAL, 2024–2030 64
4.8 MARKET INVESTMENT SCENARIO, BY REGION 64
 
5 MARKET OVERVIEW AND INDUSTRY TRENDS 65
5.1 INTRODUCTION 65
5.2 MARKET DYNAMICS 65
5.2.1 DRIVERS 66
5.2.1.1 Increasing capabilities of simulation with regard to advanced technologies 66
5.2.1.2 Advancements in computing power and cloud technology 66
5.2.1.3 Increasing demand for effective solutions to reduce production expenses and training costs 66
5.2.2 RESTRAINTS 67
5.2.2.1 High cost of simulation software and services 67
5.2.2.2 Lack of skilled professionals 67
5.2.2.3 Complexity and threat of data leakage 67
5.2.3 OPPORTUNITIES 67
5.2.3.1 Growth of automotive industry 67
5.2.3.2 Expansion of healthcare industry 68
5.2.3.3 Development of new technologies, such as quantum computing and AI 68
5.2.4 CHALLENGES 68
5.2.4.1 Lack of standardization 68
5.2.4.2 Regulatory and compliance challenges 68
5.2.4.3 Issues in integration and compatibility 69
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 69
5.4 PRICING ANALYSIS 70
5.4.1 AVERAGE SELLING PRICE TREND, BY SIMULATION SOFTWARE TYPE, 2024 70
5.4.2 INDICATIVE PRICING ANALYSIS, BY VENDOR 71
5.5 VALUE CHAIN ANALYSIS 74
5.6 ECOSYSTEM 75
5.7 TECHNOLOGY ANALYSIS 77
5.7.1 KEY TECHNOLOGIES 77
5.7.1.1 Agent-based simulation 77
5.7.1.2 Monte Carlo Simulation (MCS) 78
5.7.1.3 Discrete Event Simulation (DES) 78
5.7.1.4 Multi-disciplinary simulation 79
5.7.2 COMPLEMENTARY TECHNOLOGIES 79
5.7.2.1 AI and ML 79
5.7.2.2 IoT 79
5.7.2.3 Cloud-based simulation 79
5.7.3 ADJACENT TECHNOLOGIES 80
5.7.3.1 Digital twins 80
5.7.3.2 AR and VR 80
5.7.3.3 5G 80
5.8 PATENT ANALYSIS 81
5.8.1 METHODOLOGY 81
5.9 KEY CONFERENCES AND EVENTS, 2024–2025 84
5.10 REGULATORY LANDSCAPE 84
5.10.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 85
5.10.2 REGULATORY FRAMEWORK 93
5.10.2.1 German Civil Code 93
5.10.2.2 Simulation Interoperability Standards Organization (SISO) 93
5.10.2.3 International Nursing Association for Clinical Simulation and Learning (INACSL) 93
5.10.2.4 European Chemicals Agency (ECHA) 93
5.10.2.5 Open Geospatial Consortium (OGC) 93
5.11 PORTER’S FIVE FORCES ANALYSIS 95
5.11.1 THREAT OF NEW ENTRANTS 96
5.11.2 THREAT OF SUBSTITUTES 96
5.11.3 BARGAINING POWER OF SUPPLIERS 97
5.11.4 BARGAINING POWER OF BUYERS 97
5.11.5 INTENSITY OF COMPETITIVE RIVALRY 97
5.12 KEY STAKEHOLDERS AND BUYING CRITERIA 97
5.12.1 KEY STAKEHOLDERS IN BUYING PROCESS 97
5.12.2 BUYING CRITERIA 98
5.13 IMPACT OF GENERATIVE AI/AI ON SIMULATION SOFTWARE MARKET 99
5.13.1 TOP USE CASES & MARKET POTENTIAL 99
5.13.1.1 Key use cases 99
5.13.2 IMPACT OF GEN AI ON INTERCONNECTED AND ADJACENT ECOSYSTEM 100
5.13.2.1 Artificial Intelligence (AI) and Machine Learning (ML): 100
5.13.2.2 Edge computing in simulation 100
5.13.2.3 Quantum computing 101
5.13.2.4 Digital twin technology 101
5.13.2.5 Blockchain for secure simulation data 101
5.13.2.6 Virtual Reality (VR) and Augmented Reality (AR) 101
5.14 INVESTMENT AND FUNDING SCENARIO 101
5.15 TYPES OF DESIGN AND MODELLING SIMULATION SOFTWARE 102
5.15.1 2D CAD 102
5.15.2 3D CAD 102
5.16 CASE STUDY ANALYSIS 103
5.16.1 ALTAIR STREAMLINED FEA POST-PROCESSING FOR NORTHROP GRUMMAN MARINE SYSTEMS 103
5.16.2 ANYWAVES ACHIEVED RAPID ANTENNA INNOVATION WITH SIMULIA CST STUDIO 104
5.16.3 GEA FARM TECHNOLOGIES ENHANCED AGRICULTURAL MACHINERY DESIGN EFFICIENCY WITH SOLID-EDGE SIMULATION 105
5.16.4 ANSYS-POWERED SIMULATION OPTIMIZED INNOVATIVE BATTERY STORAGE SYSTEM FOR WÄRTSILÄ 105
5.16.5 NAPINO UTILIZED AUTODESK MOLDFLOW TO RESOLVE AUTOMOTIVE SWITCH DEFORMATION 106
6 SIMULATION SOFTWARE MARKET, BY OFFERING 108
6.1 INTRODUCTION 109
6.1.1 OFFERINGS: SIMULATION SOFTWARE MARKET DRIVERS 109
6.2 SOFTWARE 110
6.2.1 SIMULATION SOFTWARE TO CREATE MODEL GOVERNED BY EQUATIONS AND MATHEMATICAL DATA FOR ENGINEERS TO OBSERVE 110
6.3 PROFESSIONAL SERVICES 111
6.3.1 CUSTOMIZED SERVICES TO HELP IN EFFICIENT AND EFFECTIVE DESIGNING AND IMPLEMENTATION OF SIMULATION SOFTWARE 111
6.3.2 SIMULATION DEVELOPMENT SERVICES 111
6.3.3 TRAINING & CONSULTATION 112
6.3.4 SUPPORT & MAINTENANCE 113
7 SIMULATION SOFTWARE MARKET, BY SOFTWARE TYPE 114
7.1 INTRODUCTION 115
7.1.1 SOFTWARE TYPES: SIMULATION SOFTWARE MARKET DRIVERS 115
7.2 COMPUTER-AIDED DESIGN SIMULATION SOFTWARE 117
7.2.1 DESIGN VALIDATION AND OPTIMIZATION THROUGH COMPUTER-AIDED SIMULATIONS TO DRIVE MARKET GROWTH 117
7.3 PHYSICS & MULTIPHYSICS SIMULATION SOFTWARE 118
7.3.1 REALISTIC VIRTUAL MODELS FOR STUDYING PHYSICAL PHENOMENA TO FUEL MARKET GROWTH 118
7.4 FINITE ELEMENT ANALYSIS SOFTWARE 120
7.4.1 FINITE ELEMENT ANALYSIS SOFTWARE TO MODEL COMPLEX STRUCTURES FOR ENGINEERING ANALYSIS 120
7.5 COMPUTATIONAL FLUID DYNAMICS SOFTWARE 122
7.5.1 COMPUTATIONAL FLUID DYNAMICS SOFTWARE TO OPTIMIZE FLUID BEHAVIOR FOR DIVERSE APPLICATIONS 122
7.6 PROCESS SIMULATION SOFTWARE 123
7.6.1 PROCESS SIMULATION SOFTWARE TO OPTIMIZE INDUSTRIAL PROCESSES THROUGH VIRTUAL MODELING AND ANALYSIS 123
7.7 ELECTRONIC SIMULATION SOFTWARE 125
7.7.1 ELECTRONIC SIMULATION SOFTWARE TO ENHANCE CIRCUIT DESIGN AND ANALYSIS FOR ELECTRONICS INDUSTRY 125
7.8 ELECTROMAGNETIC SIMULATION SOFTWARE 126
7.8.1 NEED FOR OPTIMIZING DEVICE PERFORMANCE WITH ADVANCED ELECTROMAGNETIC SIMULATION SOFTWARE TOOLS TO BOOST MARKET GROWTH 126
7.9 HEALTHCARE & EPIDEMIOLOGICAL SIMULATION SOFTWARE 128
7.9.1 EPIDEMIOLOGICAL SIMULATIONS TO HELP MODEL DISEASE SPREAD TO AID PUBLIC HEALTH PLANNING 128
7.10 GAMING, AR, VR, AND TRAINING SIMULATION SOFTWARE 130
7.10.1 SIMULATION SOFTWARE TO ENABLE IMMERSIVE VR AND TRANSFORM TRAINING AND VISUALIZATION EXPERIENCES 130
7.11 MANUFACTURING SIMULATION SOFTWARE 131
7.11.1 MANUFACTURING SIMULATION SOFTWARE TO CREATE VIRTUAL MODELS OF PRODUCTION PROCESSES AND FACILITATE EFFICIENT TESTING, OPTIMIZATION, AND TROUBLESHOOTING 131
7.12 OTHER SOFTWARE TYPES 132
8 SIMULATION SOFTWARE MARKET, BY DEPLOYMENT MODE 134
8.1 INTRODUCTION 135
8.1.1 DEPLOYMENT MODES: SIMULATION SOFTWARE MARKET DRIVERS 135
8.2 ON-PREMISES 136
8.2.1 DEPLOYMENT OF ON-PREMISES DEPLOYMENT MODE FOR LOCALIZED SIMULATION SOLUTIONS TO FUEL MARKET GROWTH 136
8.3 CLOUD 137
8.3.1 CLOUD-BASED SIMULATION SOFTWARE TO ENABLE SCALABLE AND ACCESSIBLE SIMULATIONS 137
9 SIMULATION SOFTWARE MARKET, BY ORGANIZATION SIZE 139
9.1 INTRODUCTION 140
9.1.1 ORGANIZATION SIZES: SIMULATION SOFTWARE MARKET DRIVERS 140
9.2 LARGE ENTERPRISES 141
9.2.1 LARGE ENTERPRISES TO PROMOTE INDUSTRY-WIDE STANDARDS, ACCELERATE DIGITAL TRANSFORMATION, AND OPTIMIZE ENERGY USE WITH SIMULATION SOFTWARE 141
9.3 SMALL AND MEDIUM-SIZED ENTERPRISES 142
9.3.1 SUBSCRIPTION MODELS AND EMERGING TECHNOLOGIES TO BOOST ACCESSIBILITY FOR SMALL AND MEDIUM-SIZED ENTERPRISES 142
10 SIMULATION SOFTWARE MARKET, BY APPLICATION 144
10.1 INTRODUCTION 145
10.1.1 APPLICATIONS: SIMULATION SOFTWARE MARKET DRIVERS 145
10.2 ENGINEERING, RESEARCH, MODELING, AND SIMULATED TESTING 147
10.2.1 VIRTUAL PROTOTYPING USING SIMULATION SOFTWARE TO ACCELERATE DESIGN AND REDUCE DEVELOPMENT COSTS 147
10.3 AUTOMOTIVE & VEHICLE SIMULATION 149
10.3.1 SIMULATION SOFTWARE TO HELP ENHANCE AUTOMOTIVE INNOVATION THROUGH VIRTUAL TESTING AND OPTIMIZATION 149
10.4 GAMIFICATION, VR, AR, AND IMMERSIVE EXPERIENCE 151
10.4.1 SIMULATION SOFTWARE TO GAIN TRACTION DUE TO REALISTIC EXPERIENCES THROUGH IMMERSIVE SIMULATIONS 151
10.5 MANUFACTURING & PROCESS OPTIMIZATION 152
10.5.1 SIMULATION SOFTWARE IN MANUFACTURING AND PROCESS OPTIMIZATION TO ENHANCE EFFICIENCY AND REDUCE COSTS 152
 
10.6 URBAN PLANNING 155
10.6.1 SIMULATION SOFTWARE TO ENABLE VISUALIZATION AND ASSESSMENT OF URBAN LANDSCAPES 155
10.7 SUPPLY CHAIN, LOGISTICS MANAGEMENT, AND TRANSPORTATION 156
10.7.1 SIMULATION SOFTWARE TO OPTIMIZE URBAN PLANS AND STREAMLINE LOGISTICS OPERATIONS 156
10.8 HEALTHCARE & MEDICAL DEVICE SIMULATION 158
10.8.1 SIMULATION SOFTWARE TO HELP ENHANCE MEDICAL TRAINING, SAFETY, AND PERSONALIZED PATIENT CARE 158
10.9 OTHER APPLICATIONS 160
11 SIMULATION SOFTWARE MARKET, BY VERTICAL 162
11.1 INTRODUCTION 163
11.1.1 VERTICALS: SIMULATION SOFTWARE MARKET DRIVERS 163
11.2 AUTOMOTIVE 166
11.2.1 SIMULATIONS TO ENABLE ENHANCED VEHICLE DESIGN, SAFETY, AND PERFORMANCE 166
11.3 AEROSPACE & DEFENSE 167
11.3.1 ADVANCED SIMULATIONS TO INCREASE AEROSPACE EFFICIENCY AND SAFETY 167
11.4 ELECTRICAL & ELECTRONICS 168
11.4.1 SIMULATION SOFTWARE TO ENABLE EFFICIENT CIRCUIT DESIGN AND ANALYSIS 168
11.5 HEALTHCARE & PHARMACEUTICALS 169
11.5.1 SIMULATION SOFTWARE TO AUTOMATE AND VALIDATE ROUTINE STRUCTURES AND COMMON REPETITIVE PRACTICES IN HEALTHCARE 169
11.6 OIL, GAS, AND MINING 170
11.6.1 NEED TO OPTIMIZE FIELD PRODUCTION, DESIGN PIPELINE NETWORKS TO SAVE CAPITAL, AND ANALYZE AND DESIGN OIL TRANSFER PROCESSES TO BOLSTER MARKET GROWTH 170
11.7 CONSTRUCTION 171
11.7.1 USE OF SIMULATION SOFTWARE TO LEAD TO EFFICIENT DESIGNS, RESOURCES, AND REDUCTION IN COST OF CONSTRUCTION 171
11.8 SHIPBUILDING & MARINE ENGINEERING 172
11.8.1 SIMULATION SOFTWARE TO OPTIMIZE SHIP DESIGN, SAFETY, AND PERFORMANCE 172
11.9 CHEMICALS 173
11.9.1 SIMULATION SOFTWARE TO ENSURE PROCESS OPTIMIZATION, SAFETY, AND QUALITY IN CHEMICAL INDUSTRY 173
11.10 GAMING 174
11.10.1 NEED FOR ENHANCING GAME REALISM WITH ADVANCED SIMULATION TOOLS TO BOOST MARKET GROWTH 174
11.11 OTHER VERTICALS 175
 
12 SIMULATION SOFTWARE MARKET, BY REGION 177
12.1 INTRODUCTION 178
12.2 NORTH AMERICA 179
12.2.1 NORTH AMERICA: SIMULATION SOFTWARE MARKET DRIVERS 179
12.2.2 NORTH AMERICA: MACROECONOMIC OUTLOOK 179
12.2.3 US 186
12.2.3.1 Need for enhancing predictive capabilities, automating processes, and enabling real-time decision-making to drive market 186
12.2.4 CANADA 191
12.2.4.1 Advanced technology, dynamic deep learning algorithms, and government initiatives to propel market 191
12.3 EUROPE 196
12.3.1 EUROPE: SIMULATION SOFTWARE MARKET DRIVERS 196
12.3.2 EUROPE: MACROECONOMIC OUTLOOK 197
12.3.3 UK 202
12.3.3.1 Partnerships and collaborative efforts to fuel expansion of simulation software 202
12.3.4 GERMANY 207
12.3.4.1 Advancements in simulation technology within automotive and healthcare verticals to bolster market growth 207
12.3.5 FRANCE 212
12.3.5.1 Support from government and non-profit organizations to fuel demand for simulation software 212
12.3.6 ITALY 217
12.3.6.1 Advancements in technology and rising demand for simulation software in start-ups to boost market growth 217
12.3.7 REST OF EUROPE 222
12.4 ASIA PACIFIC 227
12.4.1 ASIA PACIFIC: SIMULATION SOFTWARE MARKET DRIVERS 227
12.4.2 ASIA PACIFIC: MACROECONOMIC OUTLOOK 228
12.4.3 CHINA 234
12.4.3.1 Economic growth, dense population, increasing per capita income, and rapid industrialization and urbanization to enhance market growth 234
12.4.4 JAPAN 238
12.4.4.1 Rising government initiative for adoption of advanced simulation techniques within manufacturing firms to foster market growth 238
12.4.5 INDIA 243
12.4.5.1 Innovative partnerships and initiatives to drive simulation software landscape 243
12.4.6 SINGAPORE 248
12.4.6.1 Simulation software to boost growth in aviation sector 248
12.4.7 REST OF ASIA PACIFIC 253
 
12.5 MIDDLE EAST & AFRICA 258
12.5.1 MIDDLE EAST & AFRICA: SIMULATION SOFTWARE MARKET DRIVERS 258
12.5.2 MIDDLE EAST & AFRICA: MACROECONOMIC OUTLOOK 259
12.5.3 GCC COUNTRIES 264
12.5.3.1 Digital transformation, cloud adoption, and industry-specific applications to fuel market growth 264
12.5.3.2 UAE 270
12.5.3.2.1 Rapid digitalization to lead to adoption of simulation solutions 270
12.5.3.3 KSA 274
12.5.3.3.1 Advancements in technology, increased industry adoption, and government support through Vision 2030 to boost market growth 274
12.5.3.4 Rest of GCC countries 279
12.5.4 SOUTH AFRICA 285
12.5.4.1 Presence of major vendors providing simulation software solutions to drive market growth 285
12.5.5 REST OF MIDDLE EAST & AFRICA 290
12.6 LATIN AMERICA 295
12.6.1 LATIN AMERICA: SIMULATION SOFTWARE MARKET DRIVERS 295
12.6.2 LATIN AMERICA: MACROECONOMIC OUTLOOK 296
12.6.3 BRAZIL 301
12.6.3.1 Utilization of simulation software in electronics and construction sector to boost market growth 301
12.6.4 MEXICO 306
12.6.4.1 Integration of simulation software in maritime sector to fuel growth in Mexico 306
12.6.5 REST OF LATIN AMERICA 310
13 COMPETITIVE LANDSCAPE 316
13.1 OVERVIEW 316
13.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 316
13.3 REVENUE ANALYSIS 318
13.4 MARKET SHARE ANALYSIS 319
13.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 321
13.5.1 STARS 321
13.5.2 EMERGING LEADERS 321
13.5.3 PERVASIVE PLAYERS 322
13.5.4 PARTICIPANTS 322
13.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2024 323
13.5.5.1 Company footprint 323
13.5.5.2 Offering footprint 324
13.5.5.3 Deployment mode footprint 325
13.5.5.4 Vertical footprint 326
13.5.5.5 Regional footprint 327
13.6 COMPANY EVALUATION MATRIX: START-UPS/SMES, 2023 328
13.6.1 PROGRESSIVE COMPANIES 328
13.6.2 RESPONSIVE COMPANIES 328
13.6.3 DYNAMIC COMPANIES 328
13.6.4 STARTING BLOCKS 329
13.6.5 COMPETITIVE BENCHMARKING: COMPANY START-UPS/SMES, 2023 330
13.6.5.1 Detailed list of key start-ups/SMEs 330
13.6.5.2 Competitive benchmarking of key start-ups/SMEs 330
13.7 BRAND/PRODUCT COMPARISON 333
13.8 COMPANY VALUATION AND FINANCIAL METRICS 333
13.8.1 COMPANY VALUATION 333
13.8.2 FINANCIAL METRICS USING EV/EBIDTA 334
13.9 COMPETITIVE SCENARIO AND TRENDS 334
13.9.1 PRODUCT LAUNCHES AND ENHANCEMENTS 334
13.9.2 DEALS 343
14 COMPANY PROFILES 360
14.1 KEY PLAYERS 360
14.1.1 DASSAULT SYSTEMES 360
14.1.1.1 Business overview 360
14.1.1.2 Products/Solutions/Services offered 361
14.1.1.3 Recent developments 362
14.1.1.4 MnM view 363
14.1.1.4.1 Right to win 363
14.1.1.4.2 Strategic choices 364
14.1.1.4.3 Weaknesses and competitive threats 364
14.1.2 ANSYS 365
14.1.2.1 Business overview 365
14.1.2.2 Products/Solutions/Services offered 366
14.1.2.3 Recent developments 377
14.1.2.3.1 Product launches and enhancements 377
14.1.2.3.2 Deals 379
14.1.2.4 MnM view 380
14.1.2.4.1 Right to win 380
14.1.2.4.2 Strategic choices 380
14.1.2.4.3 Weaknesses and competitive threats 380
14.1.3 AUTODESK 381
14.1.3.1 Business overview 381
14.1.3.2 Products/Solutions/Services offered 382
14.1.3.3 Recent developments 384
14.1.3.3.1 Deals 384
14.1.3.4 MnM view 385
14.1.3.4.1 Right to win 385
14.1.3.4.2 Strategic choices 385
14.1.3.4.3 Weaknesses and competitive threats 385
14.1.4 AVL 386
14.1.4.1 Business overview 386
14.1.4.2 Products/Solutions/Services offered 386
14.1.4.3 Recent developments 387
14.1.4.3.1 Deals 388
14.1.4.4 MnM view 388
14.1.4.4.1 Right to win 388
14.1.4.4.2 Strategic choices 388
14.1.4.4.3 Weaknesses and competitive threats 388
14.1.5 MATHWORKS 389
14.1.5.1 Business overview 389
14.1.5.2 Products/Solutions/Services offered 389
14.1.5.3 Recent developments 391
14.1.5.3.1 Product launches 391
14.1.5.3.2 Deals 392
14.1.5.4 MnM view 393
14.1.5.4.1 Right to win 393
14.1.5.4.2 Strategic choices 393
14.1.5.4.3 Weaknesses and competitive threats 393
14.1.6 SIEMENS 394
14.1.6.1 Business overview 394
14.1.6.2 Products/Solutions/Services offered 395
14.1.6.3 Recent developments 400
14.1.6.3.1 Product launches and enhancements 400
14.1.6.3.2 Deals 401
14.1.6.4 MnM view 402
14.1.6.4.1 Right to win 402
14.1.6.4.2 Strategic choices 402
14.1.6.4.3 Weaknesses and competitive threats 402
14.1.7 HEXAGON 403
14.1.7.1 Business overview 403
14.1.7.2 Products/Solutions/Services offered 404
14.1.7.3 Recent developments 406
14.1.7.3.1 Product launches and enhancements 406
14.1.7.3.2 Deals 407
 
14.1.8 SYNOPSYS 409
14.1.8.1 Business overview 409
14.1.8.2 Products/Solutions/Services offered 410
14.1.8.3 Recent developments 413
14.1.8.3.1 Deals 413
14.1.9 TEXAS INSTRUMENTS 414
14.1.9.1 Business overview 414
14.1.9.2 Products/Solutions/Services offered 415
14.1.9.3 Recent developments 416
14.1.9.3.1 Product launches and enhancements 416
14.1.9.3.2 Deals 417
14.1.10 SAS 418
14.1.10.1 Business overview 418
14.1.10.2 Products/Solutions/Services offered 418
14.1.10.3 Recent developments 419
14.1.10.3.1 Product launches and enhancements 419
14.1.10.3.2 Deals 419
14.1.11 CAE 420
14.1.11.1 Business overview 420
14.1.11.2 Products/Solutions/Services offered 421
14.1.11.3 Recent developments 421
14.1.11.3.1 Product launches and enhancements 421
14.1.11.3.2 Deals 422
14.1.12 EMERSON 424
14.1.12.1 Business overview 424
14.1.12.2 Products/Solutions/Services offered 425
14.1.12.3 Recent developments 426
14.1.12.3.1 Product launches and enhancements 426
14.1.12.3.2 Deals 427
14.1.13 HONEYWELL 428
14.1.13.1 Business overview 428
14.1.13.2 Products/Solutions/Services offered 429
14.1.13.3 Recent developments 432
14.1.13.3.1 Deals 432
14.1.14 ROCKWELL AUTOMATION 433
14.1.14.1 Business overview 433
14.1.14.2 Products/Solutions/Services offered 434
14.1.14.3 Recent developments 434
14.1.14.3.1 Product launches and enhancements 434
14.1.14.3.2 Deals 435
 
14.1.15 ALTAIR 437
14.1.15.1 Business overview 437
14.1.15.2 Products/Solutions/Services offered 438
14.1.15.3 Recent developments 445
14.1.15.3.1 Product launches and enhancements 445
14.1.15.3.2 Deals 446
14.1.16 PTC 448
14.1.16.1 Business overview 448
14.1.16.2 Products/Solutions/Services offered 449
14.1.16.3 Recent developments 452
14.1.16.3.1 Product launches and enhancements 452
14.1.17 ASPENTECH 453
14.1.17.1 Business overview 453
14.1.17.2 Products/Solutions/Services offered 454
14.1.17.3 Recent developments 459
14.1.17.3.1 Deals 459
14.1.18 KEYSIGHT 460
14.1.18.1 Business overview 460
14.1.18.2 Products/Solutions/Services offered 461
14.1.18.3 Recent developments 462
14.1.18.3.1 Product launches and enhancements 462
14.1.18.3.2 Deals 463
14.1.19 AVEVA 465
14.1.20 SPIRENT 466
14.1.21 BENTLEY 467
14.1.22 CERTARA 468
14.2 OTHER PLAYERS 469
14.2.1 APRIORI 469
14.2.2 ANYLOGIC 470
14.2.3 SIMSCALE 470
14.2.4 SIMUL8 471
14.2.5 SIMIO 472
14.2.6 FLEXSIM 473
14.2.7 MOSIMTEC 474
14.2.8 FIVES PROSIM 475
14.2.9 CYBERNET 476
14.2.10 CESIM 477
14.2.11 AIRSHAPER 478
 
15 ADJACENT AND RELATED MARKETS 479
15.1 INTRODUCTION 479
15.2 LIMITATIONS 479
15.3 SIMULATION SOFTWARE ECOSYSTEM AND ADJACENT MARKETS 479
15.4 DIGITAL TWIN MARKET 479
15.4.1 DIGITAL TWIN MARKET, BY ENTERPRISE SIZE 480
15.4.2 DIGITAL TWIN MARKET, BY APPLICATION 480
15.5 COMPUTER-AIDED MANUFACTURING MARKET 482
15.5.1 COMPUTER-AIDED MANUFACTURING MARKET, BY COMPONENT 482
15.5.2 COMPUTER-AIDED MANUFACTURING MARKET, BY DEPLOYMENT TYPE 483
16 APPENDIX 484
16.1 DISCUSSION GUIDE 484
16.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 488
16.3 CUSTOMIZATION OPTIONS 490
16.4 RELATED REPORTS 490
16.5 AUTHOR DETAILS 491