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Simulation And Analysis Software Market size is set to grow by USD 10.92 billion from 2024-2028, Growing demand for simulation and analysis software boost the market, Technavio

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NEW YORK, July 19, 2024 /PRNewswire/ — The global simulation and analysis software market size is estimated to grow by USD 10.92 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 14.27% during the forecast period. Growing demand for simulation and analysis software is driving market growth, with a trend towards growing m and a activities and partnerships. However, high costs of deployment and complex architecture of simulation technologies poses a challenge. Key market players include Altair Engineering Inc., ANSYS Inc., Autodesk Inc., AVEVA Group Plc, AVL List GmbH, Bentley Systems Inc., Cesim Oy, Dassault Systemes SE, ESI Group SA, GSE Systems Inc., Hexagon AB, Honeywell International Inc., Keysight Technologies Inc., Riverbed Technology Inc., Rockwell Automation Inc., Siemens AG, Simul8 Corp., Simulations Plus Inc., Synopsys Inc., and The MathWorks Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Simulation And Analysis Software Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 14.27%

Market growth 2024-2028

USD 10922.9 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

12.65

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 38%

Key countries

US, China, UK, Germany, and Japan

Key companies profiled

Altair Engineering Inc., ANSYS Inc., Autodesk Inc., AVEVA Group Plc, AVL List GmbH, Bentley Systems Inc., Cesim Oy, Dassault Systemes SE, ESI Group SA, GSE Systems Inc., Hexagon AB, Honeywell International Inc., Keysight Technologies Inc., Riverbed Technology Inc., Rockwell Automation Inc., Siemens AG, Simul8 Corp., Simulations Plus Inc., Synopsys Inc., and The MathWorks Inc.

Market Driver

Vendors in the Simulation and Analysis Software market are actively expanding their offerings through strategic moves such as mergers and acquisitions (M&A). In April 2022, ANSYS Inc. Acquired cloud simulation provider OnScale, enhancing their product line with a cloud-native, web-based UI for device-independent access to Ansys’ simulation technologies. In August 2021, ANSYS also acquired Zemax, LLC, a leading player in optical imaging system simulation, broadening their solution offerings and providing comprehensive, end-to-end solutions for simulating next-generation optical and photonics products. These acquisitions are expected to significantly contribute to market growth during the forecast period. 

The Simulation and Analysis Software market is experiencing significant growth due to trends in computing power, cloud technology, and the increasing need to optimize operations in various industries. In the engineering sector, simulation software is used to train proficient individuals and identify operational inefficiencies in a risk-free environment. The healthcare industry utilizes simulation software for innovative ideas in treatment planning and training processes. Cloud technology is transforming the simulation domain, making software operation more accessible and cost-effective. The cloud segment is expected to dominate the market, with defense initiatives and security being key drivers. Simulation software is also being used in gaming, software design, and data formats integration. The automotive industry is investing in virtual testing techniques, such as driving simulation centers, to reduce costs of training and improve safety. AI-related technologies, such as machine learning and 5G, are also driving advancements in simulation software. However, data security and ethical considerations are crucial concerns in this market. Major players in the Simulation and Analysis Software market include Autodesk, with its animations and VR capabilities, and companies in the aerospace and defense sector, focusing on electromagnetic field simulation and military weapons design. The market is also witnessing growth in the energy sector, particularly in power grid planning and EV simulations. Cyber threats are a significant challenge, requiring robust security measures and intellectual property protection. 

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Market Challenges

The global Simulation and Analysis Software (SAS) market faces challenges due to the high cost of deployment and complex architecture of simulation technologies. Implementing these technologies necessitates substantial investments in technology platforms, infrastructure development, and maintenance. For asset-intensive companies, adding a digital twin to their ecosystem will significantly increase IT budgets and long-term variable costs. Managing the complex infrastructure requires a large IT workforce and investments. Simulation technologies have intricate architectures that can vary based on business objectives and industry verticals. Interoperability issues, heterogeneous devices, application scenarios, data formats, and communication networks add to the complexity. Companies must address these challenges and develop a new architectural framework to simplify complexities and reduce costs, thereby promoting the growth of the SAS market.The Simulation and Analysis Software market is experiencing significant growth due to its application in various industries like Aerospace, Defense, Automotive, and Power Grid Planning. However, challenges persist in areas such as data formats compatibility, software integration, and progress monitoring. The Cloud segment is gaining popularity for its cost-effective solutions. Defense initiatives require high security and intellectual property protection, making data security a major concern. Autodesk, Autonomous vehicles, and Electric Vehicles (EVs) are driving the demand for simulation software. AI-related technologies and virtual testing techniques are revolutionizing industries like Automotive and Aerospace. Costs of training and ethical considerations are important factors for businesses adopting simulation software. Challenges in the market include cyber threats, electromagnetic field simulation, computational fluid dynamics, optical simulation, semiconductors, structural analysis, and systems modeling. Validation is crucial for ensuring accuracy and reliability. Simulation software is essential for industries dealing with complex systems and high-risk applications, such as Military weapons and 5G infrastructure. In conclusion, simulation software is a valuable tool for businesses seeking to optimize processes, reduce costs, and improve safety. However, addressing challenges in data formats, integration, progress monitoring, security, and ethical considerations is essential for market growth. The future of simulation software lies in the integration of AI, machine learning, and virtual reality technologies.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This simulation and analysis software market report extensively covers market segmentation by 

End-user 1.1 Automotive1.2 Aerospace and defense1.3 Industrial manufacturing1.4 Healthcare1.5 OthersDeployment 2.1 On-premises2.2 CloudGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Automotive- The Simulation and Analysis Software market is a significant sector in the technology industry. Companies use this software to model and test various business scenarios, optimize operations, and make informed decisions. Key players in this market include Siemens, SAS Institute, IBM, and ANSYS. These companies offer solutions for industries such as manufacturing, finance, and healthcare. The software helps businesses improve efficiency, reduce costs, and enhance product quality. It is an essential tool for organizations seeking competitive advantages in today’s dynamic business environment.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global simulation software market encompasses tools used across various industries for virtual prototyping, testing, and training. It supports decision-making by simulating real-world scenarios, enhancing efficiency, and reducing costs. The global chemical software market caters to the unique needs of the chemical industry, offering solutions for chemical analysis, process optimization, regulatory compliance, and product lifecycle management. BIM software facilitates collaborative design, construction, and operation of buildings and infrastructure. It integrates data and visualizations to improve project coordination, efficiency, and sustainability throughout the building lifecycle.

Research Analysis

Simulation and analysis software is a critical tool for various industries, enabling the modeling and analysis of complex systems and processes. The market for this software is driven by the increasing need for computing power and the adoption of cloud technology. In operations, simulation software is used to optimize processes, identify operational inefficiencies, and improve training processes. The healthcare industry utilizes simulation software for patient care training and disease modeling. In gaming, virtual testing techniques are used to create realistic animations and virtual reality experiences. In industries such as automotive and military, simulation software is essential for power grid planning, cost reduction, and the development of new technologies like AI-related technologies and virtual testing techniques. Data formats and integration are key considerations for the software, as is performance assessment and progress monitoring. The cloud segment is gaining popularity due to its cost-effectiveness and flexibility. Simulation software is also used in areas like CO2 emissions reduction and military weapons design.

Market Research Overview

The Simulation and Analysis Software Market is a dynamic and evolving industry that utilizes computing power and cloud technology to create virtual environments for various applications. In the operations sector, simulation software is used to optimize processes, reduce operational inefficiencies, and provide a risk-free environment for training proficient individuals. The simulation domain extends to engineering, healthcare, gaming, software design, and more. Innovative ideas in this field include the use of AI-related technologies, virtual testing techniques, and virtual reality (VR) for autonomous vehicles and electric vehicles (EVs). The cloud segment is a significant growth area, enabling cost-effective access to simulation software and data integration. The market also caters to defense initiatives, with applications in power grid planning, electromagnetic field simulation, computational fluid dynamics, and structural analysis. Security, data formats, and intellectual property are critical considerations in this market, along with ethical considerations and the integration of 5G and cyber threats. Industries such as aerospace, automotive, and semiconductors rely on simulation software for validation and systems modeling.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userAutomotiveAerospace And DefenseIndustrial ManufacturingHealthcareOthersDeploymentOn-premisesCloudGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Technology

Dr. Gerard van Belle Appointed Director of Science at Lowell Observatory, Charting a Bold Future for Research

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34 minutes ago

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January 11, 2025

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Dr. van Belle to guide scientific exploration and foster innovation in the next era of astronomical research

FLAGSTAFF, Ariz., Jan. 10, 2025 /PRNewswire/ — Lowell Observatory is pleased to announce the appointment of Dr. Gerard van Belle as the new Director of Science. Van Belle, who has been an astronomer at the observatory since 2011, has been serving as the interim Director of Science.

In his new role, van Belle will lead a diverse team of astronomers and planetary scientists. He will spearhead the observatory’s new Science Vision, which focuses on advancing research capabilities and implementing cutting-edge technological improvements supporting Lowell’s leadership in astronomical research.

Under his leadership, the science department will continue to advance Lowell Observatory’s mission to pursue the study of astronomy, including the study of our solar system and its evolution, and to conduct pure research in astrophysical phenomena.

Van Belle’s own research focuses on fundamental stellar parameters, including the sizes, shapes, masses, distances, and temperatures of various types of stars. He is also renowned for his expertise in optical and near-infrared astronomical interferometry.

He earned his bachelor’s degree in physics from Whitman College in 1990, followed by a master’s degree from The Johns Hopkins University in 1993, and a Ph.D. in physics from the University of Wyoming in 1996.

Throughout his career, van Belle has been instrumental in the development and commissioning of major optical interferometers worldwide, including the Palomar Testbed Interferometer, the Keck Interferometer, and the Very Large Telescope Interferometer. His pioneering work in stellar surface imaging earned him the inaugural Edward Stone Award for Outstanding Research Publication at NASA’s Jet Propulsion Laboratory in 2002.

In 2011, van Belle joined Lowell Observatory’s science staff, where he applied high-resolution astronomical techniques to detect nearby exoplanets and map stellar surfaces. He served as the Director of the Navy Precision Optical Interferometer (NPOI) in Flagstaff, Arizona, from 2017 to 2018, and subsequently as its Chief Scientist until 2022.

Notably, van Belle was among the astronomers who voted against the definition of ‘planet’ advanced during the 2006 International Astronomical Union (IAU) conference in Prague, which relegated Pluto to being a ‘dwarf planet’ (which according to the IAU resolution is not a planet).

His extensive experience and dedication to advancing astronomical research make him a valuable leader for Lowell Observatory’s scientific endeavors.

“I am honored to take on this role at such a pivotal time for Lowell Observatory,” said van Belle. “Our Science Vision will guide us in exploring new frontiers in astronomy while strengthening our commitment to public engagement and education.”

Executive Director Dr. Amanda Bosh expressed her confidence in van Belle’s leadership: “Gerard’s extensive experience and dedication to our mission make him the ideal person to lead our scientific endeavors. I look forward to working closely with him as we embark on this exciting new chapter for Lowell Observatory.”

For more information about Lowell Observatory’s research and public programs, visit lowell.edu.

About Lowell Observatory
Founded in 1894, Lowell Observatory in Flagstaff, Arizona, is a renowned nonprofit research institution. It is the site of historic and groundbreaking discoveries, including the first evidence of the expanding universe and the discovery of Pluto. Today, Lowell’s astronomers utilize global ground-based and space telescopes, along with NASA spacecraft, for diverse astronomical and planetary science research. The observatory hosts more than 100,000 visitors annually for educational tours, presentations, and telescope viewing through a suite of world-class public telescopes.

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SOURCE Lowell Observatory

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Technology

ALTICE USA IS ABANDONING LOCAL SPORTS FANS AND IS KEEPING MSG NETWORKS AND ITS KNICKS, RANGERS, ISLANDERS AND DEVILS COVERAGE OFF THE AIR

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2 hours ago

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January 10, 2025

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NEW YORK, Jan. 10, 2025 /PRNewswire/ — MSG Networks released the following statement about their dispute with Altice USA:

“Altice USA has pulled their last proposal and walked away from negotiations to bring MSG Networks back to its Optimum subscribers. They also just dropped WPIX Channel 11 in New York and other local stations around the country. If you have been waiting, like we have, for them to do right by their customers – don’t wait any longer. Now is the time to switch to Verizon Fios who has a special offer for Optimum subscribers. Meanwhile, Optimum has been charging their over 1 million customers for local sports programming they have not been receiving and EVERY subscriber should be credited at least $10 a month.

Verizon Fios is ready to take your business. If you are not in Verizon Fios area, you can get games through these other providers DirecTV, DirecTV Stream, Fubo and The Gotham Sports App. For more options on how to switch providers, visit www.keepMSG.com.”

About MSG Networks

MSG Networks, a pioneer in sports media, owns and operates two award-winning regional sports and entertainment networks (MSG and MSG Sportsnet) and MSG+, a direct-to-consumer and authenticated streaming offering (included in the Gotham Sports App), that serve the nation’s number one media market, the New York DMA, as well as other portions of New York, New Jersey, Connecticut and Pennsylvania. The networks feature a wide range of compelling sports content, including exclusive live local games and other programming of the New York Knicks, New York Rangers, New York Islanders, New Jersey Devils and Buffalo Sabres, as well as significant coverage of the New York Giants and Buffalo Bills. This content, in addition to a diverse array of other sporting events and critically acclaimed original programming, has established MSG Networks as the gold standard in regional sports. MSG Networks is part of the Sphere Entertainment Co. (NYSE: SPHR).

Contact:

Dan Schoenberg (dan.schoenberg@msg.com)

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SOURCE Sphere Entertainment Co.

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Technology

Infor Nexus Unveils NexTrace, its End-to-End Traceability Solution at NRF 2025

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2 hours ago

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January 10, 2025

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Leveraging AI technology and a supplier-centric philosophy, the solution simplifies the data collection process, helping to promote accuracy and compliance

NEW YORK, Jan. 10, 2025 /PRNewswire/ — Infor Nexus™ , the single-instance supply chain network platform providing unparalleled visibility and collaboration, today announced NexTrace. This innovative solution is designed to improve customer transparency and provide a competitive advantage. With the EU Digital Product Passport (DPP) set to take effect in 2027, companies need to start preparing now by implementing traceability solutions. NexTrace can give customers a head start to meet regulatory requirements like the EU DPP and the Corporate Sustainability Due Diligence Directive (CSDDD). 

NexTrace provides end-to-end transparency by seamlessly tracking raw material through to finished products and beyond, ensuring full traceability throughout the entire supply chain journey. It integrates supplier ESG data and certificates for a holistic view of sustainability and compliance information. Leveraging AI technology and a supplier-centric philosophy, NexTrace simplifies the data collection process, ensuring accuracy and compliance.

“Last June, we launched Map and Trace, which empowers our customers to map their supply chains and collect documentation from multiple supplier tiers. Map and Trace provides evidence of chain of custody compliance with regulations such as the US UFLPA and the French AGEC law. With NexTrace, we’re taking this to the next level by proactively gathering full-scale item-level traceability from each tier of the supply chain. This will help our customers to not only meet upcoming regulations like the EU Digital Product Passport but also gain a competitive edge by providing comprehensive data on their products’ journey, composition, and sustainability,” said Brian Carelli, Infor VP, Sustainability and Partnerships. 

Meeting regulatory and consumer demands for product traceability requires collaboration across supply chain tiers. By connecting to Infor Nexus, companies gain a head start, leveraging an established ecosystem of over 94,000 brands, retailers, and suppliers already on the platform. Managing traceability and chain-of-custody data alongside existing supply chain processes on a unified platform accelerates progress, boosts efficiency, and reduces reliance on multiple systems. 

NexTrace Capability Highlights: 

Enables seamless lot and item-level tracing by tracking the movement of raw material lots and batches through their conversion into finished products Leverages AI to collect data from the multiple tiers of suppliers, while automatically associating transactions from one tier to the next, helping to reduce the burden on suppliers and increase data accuracy and tracing efficiency Allows suppliers to upload data from existing reports in one easy step, rather than necessitating manual data entry RFID scanning of serialized barcodes at source automatically links the multi-tier chain of custody data Integrates supplier ESG data and certificates with traceability information, providing a comprehensive view of sustainability and compliance throughout the supply chain Creates a digital link and visualization to share traceability and product information with consumers, enhancing transparency and trust throughout the supply chain Tracing data automatically updates the network graph creating linkages between products and materials providing a higher fidelity map of your supply chain network 

“Vendors will be eager to tout their Digital Product Passport solutions at NRF, but their focus is often on flashy features, rather than the minutiae of how to feed such data-hungry systems. At NRF, we look forward to demonstrating how trace data is built and how to scale a system of this magnitude,” said Carelli. 

To learn more about building a more responsible supply chain, visit https://www.infor.com/solutions/scm/infor-nexus/sustainability

About Infor Nexus 

Infor Nexus™ is the leading global supply chain platform. Infor Nexus connects a network of over 94,000 brands, retailers, manufacturers, suppliers, logistics providers and banks on single-instance network platform to seamlessly orchestrate global supply chain processes from source through to delivery and payment. Companies streamline their operations to eliminate inefficiencies and waste while gaining data-driven insights and optimizing the flow of capital for improved agility, resilience, and sustainability. Visit www.infor.com/solutions/scm/infor-nexus. 

Media Contact: 
Alexandria Truby 
Senior Public Relations Specialist, Infor 
Alexandria.Truby@infor.com

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