Latin America Simulation Software Market Size & Outlook

The simulation software market in Latin America is expected to reach a projected revenue of US$ 2,735.6 million by 2030. A compound annual growth rate of 9% is expected of Latin America simulation software market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,495.6
Forecast, 2030 (US$M)
$2,735.6
CAGR, 2024 - 2030
9%
Report Coverage
Latin America

Latin America simulation software market highlights

  • The Latin America simulation software market generated a revenue of USD 1,495.6 million in 2023.
  • The market is expected to grow at a CAGR of 9% from 2024 to 2030.
  • In terms of segment, software was the largest revenue generating component in 2023.
  • Services is the most lucrative component segment registering the fastest growth during the forecast period.
  • Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.

Latin America data book summary

Market revenue in 2023USD 1,495.6 million
Market revenue in 2030USD 2,735.6 million
Growth rate9% (CAGR from 2023 to 2030)
Largest segmentSoftware
Fastest growing segmentServices
Historical data covered2017 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSoftware, Services
Key market players worldwideAltair Engineering Inc Class A, Autodesk Inc, Ansys Inc, Bentley Systems Inc Ordinary Shares - Class B, Dassault Systemes SE, Rockwell Automation Inc, Simulations Plus Inc, Keysight Technologies Inc, GSE Systems Inc, The MathWorks Inc.

Other key industry trends

  • In terms of revenue, Latin America region accounted for 7.1% of the global simulation software market in 2023.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 15,795.4 million by 2030.

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Simulation Software Market Scope

Simulation software market segmentation & scope
Software
Simulation Development Services
Training and Support & Maintenance
On-premises
Cloud-based
Engineering, Research, Modeling & Simulated Testing
High Fidelity Experiential 3D Training
Gaming and Immersive Experiences
Manufacturing Process Optimization
AI Training & Autonomous Systems
Planning and Logistics Management & Transportation
Cyber Simulation
Automotive
Aerospace & Defense
Oil & Gas
Mining
Energy & Utilities
Others
Electronics and Semiconductor
Transportation & Logistics
Healthcare
Others

Simulation Software Market Companies

Name Profile # Employees HQ Website

Latin America 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 73.13% in 2023. Horizon Databook has segmented the Latin America simulation software market based on software, services covering the revenue growth of each sub-segment from 2017 to 2030.


  • Latin America Simulation Software Component Outlook (Revenue, USD Million, 2017-2030)
    • Software
    • Services
      • Simulation Development Services
      • Training and Support & Maintenance
  • Latin America Simulation Software Deployment Outlook (Revenue, USD Million, 2017-2030)
    • On-premises
    • Cloud-based
  • Latin America Simulation Software Application Outlook (Revenue, USD Million, 2017-2030)
    • Engineering, Research, Modeling & Simulated Testing
    • High Fidelity Experiential 3D Training
    • Gaming and Immersive Experiences
    • Manufacturing Process Optimization
    • AI Training & Autonomous Systems
    • Planning and Logistics Management & Transportation
    • Cyber Simulation
  • Latin America Simulation Software End Use Outlook (Revenue, USD Million, 2017-2030)
    • Automotive
    • Aerospace & Defense
    • Industrial
      • Oil & Gas
      • Mining
      • Energy & Utilities
      • Others
    • Electronics and Semiconductor
    • Transportation & Logistics
    • Healthcare
    • Others

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Target buyers of Latin America simulation software market databook

  • Our clientele includes a mix of simulation software market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America simulation software market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America simulation software market from 2017 to 2030, including revenue numbers, major trends, and company profiles.

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Latin America simulation software market size, by country, 2017-2030 (US$M)

Latin America Simulation Software Market Outlook Share, 2023 & 2030 (US$M)

Latin America simulation software market size, by country, 2017-2030 (US$M)

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