The Simulation Software Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Simulation Software Market?
The market size of simulation software has seen significant growth recently. It is projected to increase from $17.97 billion in 2024 to $20.15 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 12.1%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Simulation Software Industry?
The Simulation Software Global Market Report 2025 predicts that by 2029, the market size will reach $36.31 billion, growing at a compound annual growth rate (CAGR) of 15.9%.
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What are the Key Growth Drivers Fueling the Simulation Software Market?
The key drivers in the simulation software market are:
• Adoption and advancement of digital twin technology
• Rise of virtual reality (VR) and augmented reality (AR) technologies
• Expansion of cross-industry applications of simulation software
• Advances in remote work and collaboration tools, including the use of simulation software
Global Market Segmentation: Identifying Major Simulation Software Industry Segments
The simulation software market covered in this report is segmented –
1) By Component: Software, Services
2) By Application: Product Engineering, Research And Development, Gamification
3) By Deployment: On-Premises, Cloud
4) By End-user Industry: Automotive, IT And Telecommunication, Aerospace And Defense, Energy And Mining, Education And Research, Electrical And Electronics, Other End-User Industries
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What are the Emerging Trends Shaping the Future of the Simulation Software Market?
The key trends in the simulation software market are:
• The future of the Simulation Software market is expected to be influenced by the rise of digital twin technology, virtual reality (VR), and augmented reality (AR).
• Cross-disciplinary simulation platforms and real-time simulation for rapid prototyping are some of the emerging trends.
• The market is expected to see a surge in the use of simulation for cybersecurity training and human-in-the-loop simulation.
• The growing focus on sustainability and environmental simulation is also a major factor shaping the future of the market.
Who Are the Top Competitors & Leading Players in the Simulation Software Market?
Major companies in the simulation software market are:
• Microsoft Corporation
• Siemens AG
• International Business Machines Corporation (IBM)
• Oracle Corporation
• SAP SE
• Rockwell Automation Inc.
• Dassault Systèmes SE
• Keysight Technologies Inc.
• Autodesk Inc.
• DNV GL AS
• Ansys Inc.
• PTC Inc.
• Unity Technologies Inc.
• AVEVA Group plc
• MathWorks Inc.
• Bentley Systems Incorporated
• Altair Engineering Inc.
• Lanner Group Ltd.
• MSC Software Corporation
• ESI Group SA
• COMSOL Inc.
• Simulations Plus Inc.
• GSE Systems Inc.
• AnyLogic North America LLC
• Cybernet Systems Corporation
• Tecplot Inc.
• Simul8 Corporation
• OpenFOAM Foundation
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the simulation software market in 2024
