Simulation Software Market - Trends Forecast Till 2028

Simulation Software Market Size, Share & Trends Analysis Report, By Component (Software, Service), By Deployment (On-premise, Cloud), By End-use (Automotive, Healthcare, Aerospace & Défense), By Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: December, 2021

Base Year Estimate: 2020

Report ID: D-IT-SSM-978


Number of Pages: 349

Domain: IT & Telecom

Simulation Software Market – Trends Forecast Till 2028

The global simulation software market size was valued at USD 9.6 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 17.1% from 2021 to 2028.

Simulation software is a tool used to virtually create a real-time environment to test the applicability and efficiency of different products and processes.

Benefits such as a reduction in production expenditure and reduced costs of training are some of the factors that have supported long-term expansion for Simulation Software Market.

Simulation Software Market Research Report

North America dominated the simulation software market and accounted for the largest revenue share of 34.7% in 2020. The region is expected to continue its dominance over the forecast period. The growth of the region can be attributed to the presence of major players operating in the U.S. and Canada.

Simulation Software Market is segmented into component, deployment, end user and region.

On the basis of Component

  • software
  • service

On the basis of Deployment  

  • on-premise
  • cloud

On the basis of End-User

  • Automotive
  • Aerospace & Defense
  • Electrical & Electronics
  • Industrial Manufacturing
  • Healthcare

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Simulation Software Market Primary Respondent


Key Players

  • Altair Engineering, Inc.
  • Autodesk Inc.
  • Ansys, Inc.
  • Bentley Systems, Incorporated
  • Dassault Systèmes
  • MathWorks, Inc.
  • Rockwell Automation, Inc.
  • Simulations Plus
  • ESI Group
  • GSE Systems

Recent Developments

  • In February 2021, MathWorks partnership with Aimotive, an automotive vehicle technology company. The partnership will help MathWorks add RoadRunner tool of AImotive into its aiSim, an automotive-grade simulation platform for end-to-end testing of automated driving software.
  • In September 2020, MathWorks launched updation in its software named as Simulink 2020b. The enhanced Simulink 2020b focuses on expanded access and speed, including the launch of Simulink Online for access through web browsers.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Simulation Software Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope


Report Feature


Growth Rate

CAGR of 17.1% during the forecasting period, 2021-2028

Historical Data


Forecast Years


Base Year


Units Considered

Revenue in USD billion and CAGR from 2021 to 2028

Report Segmentation

component, deployment, end user and region.

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Altair Engineering, Inc.; Autodesk Inc.; Ansys, Inc.; Bentley Systems, Incorporated; Dassault Systèmes; MathWorks, Inc.; Rockwell Automation, Inc.; Simulations Plus; ESI Group; GSE Systems.

Available Customization

In addition to the market data for Simulation Software Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.

Please complete the form below:

This website is secure and your personal details are safe. Privacy Policy

Please complete the form below:

This website is secure and your personal details are safe. Privacy Policy

Please complete the form below:

This website is secure and your personal details are safe. Privacy Policy

Choose License Type
Global: 50+ Countries

Note: Report data and information will be by Country.

Regional Report

Note: Report data and information will be by Country.

Country Specific Report

Bundle Reports

50% Discount on all additional reports  

Special Pricing

Avail customised purchase options to meet your specific research requirements.

Custom Tailored Services

Delvens. offers transformed research reports where syndicated reports are not sufficient to provide solutions to your business.

Subscription Model

Get latest and trending updates throughout the year on the reports you buy.