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(I-SoftwareNews.Com, February 20, 2018 ) The Global Simulation Software Market was valued at USD 5.62 billion in 2016 and is projected to reach USD 22.18 billion by 2025, growing at a CAGR of 16.48% from 2017 to 2025.
Simulation software is based on the process of modeling a real phenomenon with a set of mathematical formulas. It is, essentially, a program that allows the user to observe an operation through simulation without actually performing that operation. There are several benefits of simulation software including - better understand your customers, strengthen the product knowledge of your team, increase people engagement, experience situations of emergency in health, and design safe military training.
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Some of the prominent players in the global market for Simulation Software are
1. Bentley Systems
2. PTC
3. Autodesk
4. Cybernet
5. Design Simulation Technologies
6. Mathworks
7. Altair Engineering
8. Ansys
9. Siemens PLM Software
10. CPFD Software
11. Dassault Systèmes
12. Synopsys
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Market Dynamics:
1. Market Drivers
1.1 Increasing need to manage and analyze data generated by simulations
1.2 Growing usage of simulation applications in the automobile and healthcare verticals
1.3 High focus on R&D activities
1.4 Rising number of SME units
1.5 Growing demand for ecofriendly work environment
2. Market Restraints
2.1 Poor standards in the simulation software market
2.2 Issues related with real-time control
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Market Segmentation:
The Global Simulation Software Market is segmented on the basis of application, component, deployment model, vertical, and region.
1. Application:
1.1 R&D
1.2 E-Learning and Training
2. By Component:
2.1 Software
2.1.1 Computational Fluid Dynamics
2.1.2 Electromagnetic Waves
2.1.3 Finite Element Analysis
2.2 Services
2.2.1 Support and Maintenance
2.2.2 Design and Consulting
3. By Deployment Model:
3.1 Cloud-based
3.2 On-premises
4. By Vertical:
4.1 Industrial Manufacturing
4.2 Healthcare
4.3 Aerospace and Defense
4.4 Education and Research
4.5 Automobile
4.6 Electrical and Electronics
4.7 Others
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About Us:
Key Market Insights is a stand-alone organization with a solid history of advancing and exchanging market research reports and logical surveys delivered by our numerous transnational accomplices, which incorporate both huge multinationals and littler, more Expert concerns.
Key Market Insights
sambit kumar
8007533694
sambit.kumar@kminsights.com
Source: EmailWire.Com 
Source: EmailWire.com
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