Global Simulation Software Market Size & Outlook
Global simulation software market, 2017-2030 (US$M)
Related Markets
Global simulation software market highlights
- The global simulation software market generated a revenue of USD 20,957.2 million in 2023 and is expected to reach USD 51,108.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 13.6% by 2030.
- In terms of segment, software accounted for a revenue of USD 14,564.0 million in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 20,957.2 million |
| Market revenue in 2030 | USD 51,108.1 million |
| Growth rate | 13.6% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Services |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Services |
Other key industry trends
- In terms of revenue, the North America accounted for 34.2% of the global simulation software market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Brazil is the fastest growing regional market and is projected to reach USD 1,440.2 million by 2030.
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Simulation Software Market Scope
Simulation Software Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global simulation software market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to simulation software market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 69.49% in 2023. Horizon Databook has segmented the Global simulation software market based on software, services covering the revenue growth of each sub-segment from 2017 to 2030.
Market Dynamics
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Horizon Databook provides a detailed overview of global-level data and insights on the Global simulation software market , including forecasts for subscribers. This global databook contains high-level insights into Global simulation software market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global simulation software market size, by regions, 2017-2030 (US$M)
Top 10 countries: Simulation software market size, 2023 (US$M)
Global simulation software market share, by component, 2023 & 2030 (%, US$M)
Simulation software market: Opportunity assessment by country
Global simulation software market, by region, 2023 (US$M)
| Component | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 3,804.4 | 4,192.8 | 4,630.2 | 5,141.3 | 5,722.1 | 6,391.8 | 7,170.2 | 8,072.8 | 9,125.3 | 10,352.5 | 11,783.1 | 13,441.1 | 15,395.2 | 17,690.5 | 13.8% |
| Europe | 3,091.7 | 3,382.0 | 3,707.3 | 4,085.8 | 4,513.8 | 5,003.9 | 5,570.6 | 6,224.1 | 6,982.1 | 7,861.0 | 8,879.2 | 10,051.6 | 11,422.6 | 13,023.6 | 12.9% |
| Asia Pacific | 2,553.7 | 2,887.4 | 3,268.9 | 3,718.5 | 4,245.5 | 4,844.2 | 5,550.7 | 6,383.6 | 7,370.7 | 8,541.5 | 9,930.6 | 11,571.0 | 13,488.7 | 15,795.4 | 16.1% |
| Latin America | 976.4 | 1,042.4 | 1,114.3 | 1,196.5 | 1,292.2 | 1,387.1 | 1,495.6 | 1,618.2 | 1,757.9 | 1,916.7 | 2,096.8 | 2,298.6 | 2,499.1 | 2,735.6 | 9.0% |
| MEA | 805.8 | 853.0 | 903.4 | 960.5 | 1,006.8 | 1,086.2 | 1,170.1 | 1,257.2 | 1,346.5 | 1,435.8 | 1,521.3 | 1,597.4 | 1,744.9 | 1,863.0 | 6.9% |
| Overall | 11,232.0 | 12,357.6 | 13,624.1 | 15,102.6 | 16,780.4 | 18,713.2 | 20,957.2 | 23,555.9 | 26,582.5 | 30,107.5 | 34,211.0 | 38,959.7 | 44,550.5 | 51,108.1 | 13.6% |
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