Cloud-based - Simulation Software Market Statistics
The global cloud-based simulation software market size was valued at US$ 6,860.5 million in 2024 and is estimated to grow at a compound annual growth rate (CAGR) of 15.4% from 2024 to 2030.
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Cloud-based - Simulation software market highlights
- The global cloud-based segment generated a revenue of USD 6,001.5 million in 2023 and is expected to reach USD 16,398.9 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 15.6% by 2030.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Market summary
| Market revenue in 2023 | USD 6,001.5 million |
| Market revenue in 2030 | USD 16,398.9 million |
| Growth rate | 15.6% (CAGR from 2024 to 2030) |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
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