Simulation Software Market - Forecast 2020 - 2025
Simulation Software Market Size is forecast to reach $16.83 billion by 2025, after growing at a CAGR of 16.23% during 2020-2025. Adoption of simulation software in aerospace, defense and automobile industries with the development of modern aircrafts, autonomous and electric vehicles boost the simulation software market growth. In addition to these, process simulation software is also used in designing or creating Internet of Things (IoT) devices and apps. High adoption of simulation software for modeling and simulation in the development of industrial products set to drive industry 4.0, thereby driving the simulation software market growth. Moreover, entry of new players in developed and developing economies will further enhance the overall market demand for Simulation Software during the forecast period 2020-2025. Key Takeaways North America dominates the Simulation Software market owing to high number of players and significant investment in adopting new technologies such as AI. Ac...