Dublin, April 09, 2021 (GLOBE NEWSWIRE) — The “Simulation Software Market by Component (Software (FEA, CFD), Services), Deployment (Cloud, On-premises), Application (Product Engineering, R&D, and Gamification), Vertical (Automobile, Healthcare and Pharmaceuticals), and Region – Global Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.
The global simulation software market size is expected to grow from an estimated value of USD 12.7 billion in 2020 to USD 26.9 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 13.2% from 2020 to 2026.
The simulation software market is driven by various factors, such as a reduction in production expenses and training costs, the use of advanced technologies for simulation and avoiding the production of faulty products to boost the growth of the simulation software market across the globe during the forecast period. However, complexities in integrating software and increasing data security concerns can hinder the growth.
Professional services segment to grow at a higher CAGR during the forecast period
Professional…
