Professional Documents
Culture Documents
GLOBAL
SIMULATION SOFTWARE
MARKET
Sample
Domain: ICT • A detailed understanding of the current market dynamics and growth
opportunities.
Base Year: 2017
• The impact of rapid technological developments on the market.
Historical Period: 2012-2016
Forecast Period: 2018-2023 • An overview of the competitive intelligence with product innovations and
strategies of the major players.
8.5 Bentley Systems Incorporated 10. FUTURE OF THE SIMULATION SOFTWARE MARKET
8.10 Siemens AG
On-premise
By Deployment Type
Cloud
Automotive
IT and Telecommunication
GLOBAL Aerospace and Defense
North America
Europe
By Region Asia-Pacific
Latin America
• The simulation software is primarily based on the modeling of real-life scenario • Furthermore, the simulation is highly useful to test new theories, apart from
incorporating with a specific set of mathematical formulas. It enables a user to imitating processes which may fuel the utilization in diverse sectors.
observe the operation by running a possible simulation without actually implementing
• Furthermore, the simulation software holds immense potential for the
the program.
government and corporate as it helps in crucial decision making without
• This process is widely used during the equipment design to obtain the exact incurring any damage or unnecessary cost.
specification without any modification. In addition, the simulation software along with
• Notably, owing to its superior characteristics, it is widely used in education and
real-time response is frequently utilized in gaming. However, it contributes an
the research segment, which may propel the industry growth over the forecast
essential aspect to the industrial applications.
period. Additionally, creating real-time simulation scenarios saves a lot of
• For instance, when the cost of improper training or operation is high, such as for money and poses less time to execute, which encourages and enhances the
nuclear power plant operators, airplane pilots, and chemical plant operators, the core business competencies, which is expected to have a positive impact on
mock operation is connected to the simulation to obtain real-time similar control the market growth.
panel.
• In June 2018, the Fraunhofer Institute for Medical Image Computing in
• This provides rich training experience without hampering any physical asset and loss Germany exhibited their simulation software which may help to fix cardiac
to the company, which is likely to boost the market growth over the forecast period. valves. By the utilization and gathering data imaging data from ultrasound, CT
• Practically, any phenomena can be simulated, provided it is reduced to a scan, and MRI, they created a virtual heart which can further be examined.
mathematical equation and data on the computer. For instance, weather condition, • Once the problem is solved, a similar procedure can be executed to the real
chemical reaction, feedback control systems, complex biological processes, and heart and can be commercially made available to various hospitals in Germany.
electronic circuits can be reduced to a mathematical equation, thus, allowing for This is expected to increase the adoption of the software or platform in
simulation which is expected to boost the market growth over the forecast period. medicine and healthcare, thereby propelling the market growth over the
forecast period.
• The integration and usage of 3D printing or additive manufacturing is increasing Research And Development Spending: in Percentage, Global, 2018
rapidly. However, during the process, some distortion may occur owing to which
the companies are investing into new solutions. Computing and Electronics 22.5
• In November 2018, Siemens launched a new simulation software to predict Healthcare 21.7
distortion during 3D printing. The product utilizes a digital twin to simulate the Auto 16
process prior to commencing printing, which in turn helps in anticipating distortion
Software and Internet 15.7
and compensating through a corrected geometry.
Industrials 10.6
• This solution will not only attract a huge amount of 3D printing companies but also
compel other industry players to introduce and invest more in similar technology, Chemicals and Energy 4.1
thereby fostering the market growth over the forecast period. Consumer 3.2
• Notably, a few regions are highly prone to natural calamities, wherein the scope Aerospace and Defense 2.8
for simulation software is high. In November 2018, jointly sponsored by the
Other 1.9
Federal Emergency Management Agency (FEMA) and the Department of
Homeland Security’s (DHS) Science and Technology Directorate (S&T), a Telecom 1.5
computer simulation system called simulation-based decision support system for Source: Bloomberg
water infrastructural safety (DSS-WISE) lite was introduced post Hurricane Maria
in Puerto Rico. • The consumer electronics, healthcare, and automotive companies are highly
investing in research and development activities which creates an immense
• The solution has the capability to generate maps of inundation scenarios caused
opportunity for the industry players to tap potential consumers.
by levee failures or dam through the calculation of speed at which the water
would advance, the extent of land and infrastructure, and the depths.
Sample Global Simulation Software Market
MARKET OVERVIEW 8
Impact
Low
Short-term Medium-term Long-term
Low
Market Challenges
Impact
HIGH COMPLEXITY IN
OPERATION AND REQUIRED
TRAINED WORKFORCE
High
Deployment Type 2017 2018 2019 2020 2021 2022 2023 CAGR (%)
On-premise XX XX XX XX XX XX XX XX.X%
SAMPLE FIGURE
Cloud XX XX XX XX XX XX XX XX.X%
On-premise Cloud
• The requirement for high processing power is further aided by the multiple or
simultaneous simulations, which are expected to boost the adoption of cloud-based
software, thereby propelling the market growth over the forecast period.
• In the cloud-based simulation software model, the service companies offer resources
as per the need or pay-as-you-go model, which helps the company to maintain their
• In addition, using the cloud-based simulation software, a user can access or share the
model or a specific segment of the design on-the-go with certain people without losing
on data.
• Furthermore, it offers the ability to collaboratively work on a single design, which is 2017 2018 2019 2020 2021 2022 2023
highly preferred and run seamlessly on cloud-based software or application, thus,
Year
propelling the market growth over the forecast period.
Simulation Software Market: Revenue Forecast in USD million, by End-User Simulation Software Market: Revenue
Industry, Global, 2017-2023 Share, by End-user Industry, Global,
2017
End-user Industry 2017 2018 2019 2020 2021 2022 2023 CAGR (%)
Automotive XX XX XX XX XX XX XX XX.X%
IT and
XX XX XX XX XX XX XX XX.X%
Telecommunication
Aerospace and
XX XX XX XX XX XX XX XX.X% SAMPLE FIGURE
Defense
Education and
XX XX XX XX XX XX XX XX.X%
Research
Electrical and
XX XX XX XX XX XX XX XX.X%
Electronics Automotive
IT and Telecommunication
Other End-user Aerospace and Defense
XX XX XX XX XX XX XX XX.X% Energy and Mining
Industry Education and Research
Electrical and Electronics
Other End-user Industries
• The automotive industry is witnessing a paradigm shift in terms of adopting multiple Simulation Software Market: Revenue Forecast in USD
groundbreaking technologies in its value chain. Macro-trends, such as the development of million, by End-user Industry, Automotive, Global, 2017-2023
autonomous vehicles and the drive towards more efficient and electric vehicles influence the
increased demand for simulation in the automotive sector, while traditional demand in vehicle
simulation continues to gain general acceptance.
• Once used by automakers for limited use cases in vehicle design, high-performance computer
Region 2017 2018 2019 2020 2021 2022 2023 CAGR (%)
Europe XX XX XX XX XX XX XX XX.X%
SAMPLE FIGURE
Asia-Pacific XX XX XX XX XX XX XX XX.X%
• The growing number of SME units couple with rising focus on research and
development activities in North America region are expected to fuel the market growth in Simulation Software Market: Revenue Forecast in USD million, by
the region over the forecast period. Region, North America, Global, 2017-2023
• The companies operating in the automotive and automation industry are constantly
focusing on research and development to integrate emerging technologies into their
products. SAMPLE FIGURE
• Moreover, with the rising investments in the autonomous vehicle in North America, the
utilization of simulation software is expected to rise. In October 2018, General Motors
announced an alliance with Honda with an investment of USD 750 million in cruise and
2017 2018 2019 2020 2021 2022 2023
USD 2 billion over 12 years from the latter.
Year
• As a result, it is likely to boost the need and demand for simulation software, thereby
creating new avenues for the industry players in the region.
Sample Global Simulation Software Market
16
• Ansys Inc.
• Rockwell Automation Inc. provides industrial control, automation power, and information solutions. The company
operates its business through two segments, Architecture and Software and Control Products and Solutions.
• The company’s Architecture and Software operating segment accounted for USD 2899.9 million of the total sales in
Founded in 1928
2017, with an increase of 10%. The Control Products and Solutions operating segment sales accounted for USD
3,412.0 million of the total sales in 2017. Wisconsin, United State HQ
• The Architecture and Software segment consists all of the software, hardware, and communication components of the 1 414 382 2000
company's integrated control and information architecture, capable of controlling the customer's industrial processes and
https://www.rockwellautomation.com
connecting with their manufacturing enterprise. The segment of Control Products and Solutions combines a
comprehensive portfolio of intelligent motor control and industrial control products, application expertise and project
management capabilities. Revenue: in USD million, 2015 - 2017
6307.9 6311.3
• Sales in the United States increased year over year, led by the strength in the
automotive and consumer industries.
• Sales in Canada grew, with growth led by the pulp and paper, consumer, and
automotive industries and EMEA sales increased compared to the prior year,
46% Architecture and Software
with growth in both the emerging and developed countries.
54% • Asia-Pacific sales increased year over year, with strong growth across the
Control Products and Solutions
region, particularly within the semiconductor industry.
• Sales growth in Latin America was mixed with growth led by Mexico, partially
offset by declines across the rest of the region.
7%
• Architecture and Software sales increased by 10% in 2017, compared to United States
14%
2016. Organic sales increased by 5.2%. Organic sales grew 6.2 %,
Canada
currency translation increased sales by 1.6%, and acquisitions contributed
Europe, Middle East & Africa
0.2 % to sales growth. 55%
• Control Products and Solutions sales increased 8.8% in 2017, compared 19% Asia-Pacific
STRENGTHS WEAKNESS
• Rockwell serves customers in a wide range of industries, including consumer
products, resource-based industries, and transportation industry. The consumer
• The company has an increasing debt, due to the potential reduction in
products’ customers include manufacturers engaged in the food and beverage,
fair value on fixed-rate debt obligations from a hypothetical 50 basis
home and personal care, and life sciences industries. The company's
point and increase in the market interest rates. Thus, the long-term
customers in resource-based industries include oil and gas, mining,
debt of the company could impact its operating and net profits, and its
aggregates, cement, metals, energy, pulp and paper, and water/wastewater
overall revenues.
companies. Furthermore, the company primarily serves automotive and tire
manufacturers, in the transportation industry.
OPPORTUNITIES THREATS
• Rockwell's business requires the company to purchase equipment,
• The company is strategically located to utilize the growing end market and
components, and services, including finished products, which may include
enhance its revenues and market share. Rockwell provides PowerFlex
electronic elements and commodities, such as copper, aluminum, and
family of AC drives that offer a broad range of control modes, features,
steel. The company's reliance on suppliers involves specific risks,
options, and packaging, as well as global voltages and multiple power
including poor quality or an insecure supply chain, which could adversely
ratings. Machine-level control applications or simple system integration.
affect the reliability and reputation of Rockwell's products. Changes in the
Thus, the growing demand for AC drives would enhance the need for the
cost of these purchases due to inflation, exchange rates, commodity
company's products, thus, improving its revenues and profitability.
market volatility or other factors may affect the company.
M I E P
RESEARCH METHODOLOGY
• Financial Journals
• Annual Reports
• Market Research Reports 1. Secondary
• Industry Websites Data Analysis Define Objective and Scope
• Industry-related
Databases 3. Analyze and Suppliers,
Collate Different OEMs, Raw Material Suppliers, and
• Thought Leader Briefings Research Process
Perspectives Customers’ Perspective
ICT
IOT, Big Data, and M2M
Analytics
Cloud Computing
Data Centers
Information Technology
Telecommunications
IT Hardware
Internet
Security
Advanced Technologies
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