Simulation Software Market Estimated to Reach USD 26.9 Billion by 2030 Growing a… – Press Release

New York, US, May 11, 2022 (GLOBE NEWSWIRE) — Market Overview:
According to a comprehensive research report by Market Research Future (MRFR), “Simulation Software Market” information by Deployment, by Components, by Vertical and Region – Forecast to 2030″ market size to  grow at a compound annual growth rate of 13.4% by 2030.

Market Scope:
The increasing adoption of simulation in healthcare for developing and producing effective vaccines for diseases such as COVID-19, will offer robust opportunities for the market over the forecast period.

Dominant Key Players on Simulation Software Market Covered are:

  • MSC Software (US)
  • AnyLogic (US)
  • PTV Group (Germany)
  • Honeywell (US)
  • Simul8 Corporation (UK)
  • Keysight Technologies (US)
  • Scalable Networks (US)
  • Aveva (UK)
  • Spirent Communications (UK)
  • Bentley Systems (US)
  • Synopsys (Canada)

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Market USP Exclusively Encompassed:
Market Drivers
Use of Technological Advances to Boost Market Growth
The utilization of technology developments like artificial intelligence (AI) & machine learning in the simulation software will boost productivity and optimize goods that will fuel market expansion even further.

Increase in Data Security Concern to act as Market Restraint
The increase in data security concern and complexities to integrate software may act as market restraints over the forecast period.

Lack of Standard Benchmark to act as Market Challenge
The lack of standard benchmark for measuring outputs may act as a market challenge over the forecast period.

Browse In-depth Market Research Report (100 Pages) on Simulation Software Market:   

Segmentation of Market Covered in the Research:
The global simulation software market is bifurcated based on vertical, application, deployment, and component.

By component, software will lead the market over the forecast period.

By deployment, the…