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Simulation Software Market - A Global and Regional Analysis

Focus on Organization Size, Vertical, Deployment, Component, Technology, End User, Supply Chain Analysis, Country Analysis, and Impact of COVID-19 - Analysis and Forecast, 2019-2025

 
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The global simulation software market generated revenue of $9,601.8 million in 2020 and is expected to reach $20,276.7 million by 2025 at a CAGR of 15.3%.

The key players are ANSYS, Inc., SAP SE, Altair Engineering, Inc., Applied Intuition, Inc., Autodesk Inc., AVL List GmbH, Cognata, Dassault Systèmes, dSPACE GmbH, Foretellix, VIRES Simulationstechnologie GmbH, NVIDIA Corporation, rFpro, The MathWorks, Inc., LG Electronics.
Some of the opportunities in the market are use of simulation in fourth industrial revolution and increasing demand for electric vehicles globally.
Some of the challenges in the market are rise in cyber threat due to increase of data and complexity in integration of new software solution with the existing system
Increasing demand for effective solutions to reduce production and training costs and increasing capabilities of simulation software toward advanced technologies such as AR/VR, digital twins, and 3D printing are fueling the growth of the simulation software market.
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