Global Cloud Based Simulation Application Market: Snapshot
The global cloud based simulation application market is gaining on the back of increasing use of simulation software applications across a host of industry verticals. Simulation software applications are equipped with inbuilt capabilities to measure, simulate, restructure, and manage risks. This makes cloud based simulation application suitable to provide training, for efficient use of available resources, and to anticipate process outcomes by enhancing process efficiency.
Furthermore, demand for industrial automation and investments from companies in simulation technology and its application with the objective of sustainable development are also anticipated to fuel growth of cloud based simulation application market.
A report by Transparency Market Research (TMR) estimates the global cloud based simulation application market to clock a healthy 11.4% CAGR during the forecast period between 2017 and 2025, for the market to become worth US$8,451.5 mn by the end of 2025 increasing from US$3,259.8 mn in 2016.
Software as a Service Segment to Continue to Dominate
The report studies the global cloud based simulation application market on the basis of solution, application, industry, and geography. On the basis of solution, the market is classified into software as a service (SaaS), platform as a service (PaaS), and infrastructure as a service (LaaS). Of them, in 2016, software as a service held more than 50% revenue share of the overall market. In absolute terms, revenue contribution of SaaS segment was US$2,259.5 mn in 2016. Expanding at a CAGR of 11.8% during 2017 and 2025, SaaS segment is anticipated to hold the leading share by the end of 2025. The growth of this segment is mainly because of rising demand for technology-based solutions, and due to the demand for cloud based simulation applications from the manufacturing sector.
In terms of application, the key segments of the cloud based simulation application market include training, process improvement, predicting outcomes, and managing risk. Amongst all, in 2016, process improvement segment held more than 30% market share. The process improvement segment is anticipated to rise at a CAGR of 10.5% during the 2017-2025 forecast period. However, predicting outcomes application segment is anticipated to rise at the leading 12.7% CAGR during the forecast period. The growth of predicting outcomes segment is mainly because it helps to provide investment plan for new product development.
Healthcare to Emerge Attractive in Coming Years
Based on industry, the key segments include manufacturing, media and entertainment, construction, automotive, transportation and logistics, healthcare, defense and aerospace, energy and power, and other. Of them, automotive industry held the leading share of more than 25% of the overall market in 2016. This was followed by defense and aerospace that held more than 18% market share in the same year. However, healthcare is anticipated to display the leading growth rate over the forecast period.
Geographically, the cloud based simulation application market has been bifurcated into North America, Europe, Asia Pacific, the Middle East and Africa, and South America. North America stood as the leading regional market for cloud based simulation application in 2016; the growth of this market is mainly because of the presence of well established companies that are striving to increase their market share globally. The growth in North America is mainly driven by the U.S. due to the presence of well-resourced cloud contributors that either operate independently or via joint collaborations with local players.
Globally, prominent players in the cloud based simulation application market include ANSYS Inc., Autodesk Inc., Dassault Systemes, Exa Corporation, Fieldscale, MSC Software, Rescale Inc., Siemens PLM Software, SimCore Technologies, SOASTA Inc., and SimScale.
Cloud Based Simulation Application Market
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List of Tables
Table 1: Global Cloud Based Simulation Application Market Size (US$ Mn) Forecast, by Application, 2015 - 2025
Table 2: Analysis, by Application
Table 3: Global Cloud Based Simulation Application Market Size (US$ Mn) Forecast, by Solution, 2015 - 2025
Table 4: Analysis, by Solution
Table 5: Global Cloud Based Simulation Application Market Size (US$ Mn) Forecast, by Industry, 2015 - 2025
Table 6: Analysis, by Industry
Table 7: Global Cloud Based Simulation Application Market Size (US$ Mn) Forecast, by Region, 2015 - 2025
Table 8: North America Cloud Based Simulation Application Market Size (US$ Mn) Forecast, by Application, 2015 - 2025
Table 9: North America Cloud Based Simulation Application Market Size (US$ Mn) Forecast, by Solution, 2015 - 2025
Table 10: North America Cloud Based Simulation Application Market Size (US$ Mn) Forecast, by Industry, 2015 - 2025
Table 11: North America Cloud Based Simulation Application Market Size (US$ Mn) Forecast, by Country, 2015 - 2025
Table 12: Europe Cloud Based Simulation Application Market Size (US$ Mn) Forecast, by Application, 2015 - 2025
Table 13: Europe Cloud Based Simulation Application Market Size (US$ Mn) Forecast, by Solution, 2015 - 2025
Table 14: Europe Cloud Based Simulation Application Market Size (US$ Mn) Forecast, by Industry, 2015 - 2025
Table 15: Europe Cloud Based Simulation Application Market Size (US$ Mn) Forecast, by Country, 2015 - 2025
Table 16: APAC Cloud Based Simulation Application Market Size (US$ Mn) Forecast, by Application, 2015 - 2025
Table 17: APAC Cloud Based Simulation Application Market Size (US$ Mn) Forecast, by Solution, 2015 - 2025
Table 18: APAC Cloud Based Simulation Application Market Size (US$ Mn) Forecast, by Industry, 2015 - 2025
Table 19: APAC Cloud Based Simulation Application Market Size (US$ Mn) Forecast, by Country, 2015 - 2025
Table 20: MEA Cloud Based Simulation Application Market Size (US$ Mn) Forecast, by Application, 2015 - 2025
Table 21: MEA Cloud Based Simulation Application Market Size (US$ Mn) Forecast, by Solution, 2015 - 2025
Table 22: MEA Cloud Based Simulation Application Market Size (US$ Mn) Forecast, by Industry, 2015 - 2025
Table 23: MEA Cloud Based Simulation Application Market Size (US$ Mn) Forecast, by Country, 2015 - 2025
Table 24: South America Cloud Based Simulation Application Market Size (US$ Mn) Forecast, by Application, 2015 - 2025
Table 25: South America Cloud Based Simulation Application Market Size (US$ Mn) Forecast, by Solution, 2015 - 2025
Table 26: South America Cloud Based Simulation Application Market Size (US$ Mn) Forecast, by Industry, 2015 - 2025
Table 27: South America Cloud Based Simulation Application Market Size (US$ Mn) Forecast, by Country, 2015 - 2025
List of Figures
Figure 1: Global Cloud Based Simulation Application Market Revenue Projection (US$ Mn), 2015 – 2025
Figure 2: Global Cloud Based Simulation Application Market Y-o-Y Growth (Value %) Forecast, 2016 - 2025
Figure 3: Global Cloud Based Simulation Application Market Revenue Projection (US$ Mn), by Region, 2015 – 2025
Figure 4: Market Value Share by Region (2016)
Figure 5: Market Value Share by Application (2016)
Figure 6: Market Value Share by Solution (2016)
Figure 7: Market Value Share by Industry (2016)
Figure 8: Global Cloud Based Simulation Application Market Revenue and Y-o-Y Growth, by Application – Training, 2015 - 2025, (US$ Mn and Value %)
Figure 9: Global Cloud Based Simulation Application Market Revenue and Y-o-Y Growth, by Application – Process Improvement, 2015 - 2025, (US$ Mn and Value %)
Figure 10: Global Cloud Based Simulation Application Market Revenue and Y-o-Y Growth, by Application – Predicting Outcomes, 2015 - 2025, (US$ Mn and Value %)
Figure 11: Global Cloud Based Simulation Application Market Revenue and Y-o-Y Growth, by Application – Managing Risk 2015 - 2025, (US$ Mn and Value %)
Figure 12: Global Cloud Based Simulation Application Market Comparison Matrix, By Application
Figure 13: Cloud Based Simulation Application Market Attractiveness Analysis by Application
Figure 14: Global Cloud Based Simulation Application Market Revenue and Y-o-Y Growth, by Solution – Software as a Service (SaaS), 2015 - 2025, (US$ Mn and Value %)
Figure 15: Global Cloud Based Simulation Application Market Revenue and Y-o-Y Growth, by Solution – Platform as a Service (PaaS), 2015 - 2025, (US$ Mn and Value %)
Figure 16: Global Cloud Based Simulation Application Market Revenue and Y-o-Y Growth, by Solution – Infrastructure as a Service (IaaS), 2015 - 2025, (US$ Mn and Value %)
Figure 17: Global Cloud Based Simulation Application Market Comparison Matrix, By Solution
Figure 18: Cloud Based Simulation Application Market Attractiveness Analysis by Solution
Figure 19: Global Cloud Based Simulation Application Market Revenue and Y-o-Y Growth, by Industry – Manufacturing, 2015 - 2025, (US$ Mn and Value %)
Figure 20: Global Cloud Based Simulation Application Market Revenue and Y-o-Y Growth, by Industry – Media & Entertainment, 2015 - 2025, (US$ Mn and Value %)
Figure 21: Global Cloud Based Simulation Application Market Revenue and Y-o-Y Growth, by Industry – Construction, 2015 - 2025, (US$ Mn and Value %)
Figure 22: Global Cloud Based Simulation Application Market Revenue and Y-o-Y Growth, by Industry – Automotive, 2015 - 2025, (US$ Mn and Value %)
Figure 23: Global Cloud Based Simulation Application Market Revenue and Y-o-Y Growth, by Industry – Transportation & Logistics, 2015 - 2025, (US$ Mn and Value %)
Figure 24: Global Cloud Based Simulation Application Market Revenue and Y-o-Y Growth, by Industry – Healthcare, 2015 - 2025, (US$ Mn and Value %)
Figure 25: Global Cloud Based Simulation Application Market Revenue and Y-o-Y Growth, by Industry – Defense and Aerospace, 2015 - 2025, (US$ Mn and Value %)
Figure 26: Global Cloud Based Simulation Application Market Revenue and Y-o-Y Growth, by Industry – Energy & Power, 2015 - 2025, (US$ Mn and Value %)
Figure 27: Global Cloud Based Simulation Application Market Revenue and Y-o-Y Growth, by Industry – Others, 2015 - 2025, (US$ Mn and Value %)
Figure 28: Segment Growth Matrix, 2017 - 25 (%)
Figure 29: Segment Revenue Contribution, 2017 - 25 (%)
Figure 30: Segment Compounded Growth Matrix (CAGR %)
Figure 31: Global Cloud Based Simulation Application Market Attractiveness Analysis by Industry
Figure 32: Global Cloud Based Simulation Application Market Attractiveness Analysis, by Region
Figure 33: North America Market Trends
Figure 34: North America Cloud Based Simulation Application Market Size (US$ Mn) Forecast, 2015 - 2025
Figure 35: Market Attractiveness by Application (2016)
Figure 36: Market Attractiveness By Industry (2016)
Figure 37: Market Attractiveness by Solution (2016)
Figure 38: Market Attractiveness By Country (2016)
Figure 39: Europe Market Trends
Figure 40: Europe Cloud Based Simulation Application Market Size (US$ Mn) Forecast, 2015 - 2025
Figure 41: Market Attractiveness by Application (2016)
Figure 42: Market Attractiveness by Industry (2016)
Figure 43: Market Attractiveness by Solution (2016)
Figure 44: Market Attractiveness By Country (2016)
Figure 45: Asia Pacific Market Trends
Figure 46: Asia Pacific Cloud Based Simulation Application Market Size (US$ Mn) Forecast, 2015 - 2025
Figure 47: Market Attractiveness by Application (2016)
Figure 48: Market Attractiveness By Industry (2016)
Figure 49: Market Attractiveness by Solution (2016)
Figure 50: Market Attractiveness By Country (2016)
Figure 51: MEA Market Trends
Figure 52: MEA Cloud Based Simulation Application Market Size (US$ Mn) Forecast, 2015 - 2025
Figure 53: Market Attractiveness by Application (2016)
Figure 54: Market Attractiveness By Industry (2016)
Figure 55: Market Attractiveness by Solution (2016)
Figure 56: Market Attractiveness By Country (2016)
Figure 57: South America Market Trends
Figure 58: South America Cloud Based Simulation Application Market Size (US$ Mn) Forecast, 2015 - 2025
Figure 59: Market Attractiveness by Application (2016)
Figure 60: Market Attractiveness By Industry (2016)
Figure 61: Market Attractiveness by Solution (2016)
Figure 62: Market Attractiveness By Country (2016)
Figure 63: ANSYS, Inc., Operating Revenue (2016), by Region
Figure 64: ANSYS, Inc., Revenue (US$ Mn) and Y-o-Y Growth (%), 2014–2016
Figure 65: Autodesk Inc., Operating Revenue(2017), by Region
Figure 66: Autodesk Inc., Revenue (US$ Mn) and Y-o-Y Growth (%), 2015–2017
Figure 67: Dassault Systèmes, Operating Revenue (2016), by Region
Figure 68: Dassault Systèmes, Revenue (US$ Mn) and Y-o-Y Growth (%), 2014–2016
Figure 69: Exa Corporation, Operating Revenue (2017), by Region
Figure 70: Exa Corporation, Revenue (US$ Mn) and Y-o-Y Growth (%), 2015–2017
Figure 71: MSC Software, Breakdown of Net Sales (Hexagon AB), by Region/Country (2016)
Figure 72: MSC Software, Revenue (US$ Mn) & Y-o-Y Growth (%), 2009, 2015-2016
Figure 73: Siemens, Breakdown of Net Sales, by Region/Country (2016)
Figure 74: Siemens, Revenue (US$ Bn) & Y-o-Y Growth (%), Siemens AG, 2014-2016