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The development of self-driving cars is expected to drive innovation in simulation software manufacturing, driving the market during the forecast period.

The global simulation software market is expected to grow from $14.27 billion in 2022 to $16.22 billion in 2023 at a compound annual growth rate (CAGR) of 13.6%. The global simulation software market size is expected to grow to $26.76 billion in 2027 at a CAGR of 13.3%.

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Global Simulation Software Market Segments Include:

• By Component: Software, Services
• By Application: Product Engineering, Research And Development, Gamification
• By Deployment: On-Premises, Cloud
• By End-user Industry: Automotive, IT And Telecommunication, Aerospace And Defense, Energy And Mining, Education And Research, Electrical And Electronics, Other End-User Industries
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global simulation software market in 2021.

Major Market Players in the simulation software market include Autodesk Inc., Ansys Inc., Bentley Systems, Dassault Systèmes SE, MathWorks Inc., Rockwell Automation, ESI Group, GSE Systems, SAP SE, Simulations Plus, Siemens AG.

In the simulation software market, technological advancement is a prominent trend. Major market participants are focusing on developing breakthrough technologies that incorporate machine learning to create realistic training and testing environments for deployment. For example, Ansys, a US-based engineering simulation software company, released their machine learning-based partial differential equation solver in January 2022. The new technique allows for training with far less training data while keeping the same level of accuracy, resulting in a faster, more effective simulation.

The Simulation Software Global Market Report 2023 provides a simulation software market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The simulation software market forecast analyzes simulation software market size, simulation software market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Simulation software is software that uses simulation techniques to forecast the behaviour of a system. It allows the user to observe an operation through simulation rather than performing it themselves.

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