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New ARC Advisory Group research on the Simulation Software global market reveals that this technology is now moving beyond product design software to provide users with a more comprehensive platform for optimizing products and processes over their entire life cycles. This includes extensive use of the digital twin concept and expanded use of 3D virtual simulation. In addition to CAE simulation solutions for product testing, there has been an emergence of 3D virtual simulation software across a wide range of applications for science, industry, infrastructure, and consumers. The advanced level of simulation software allows users to virtually represent the physical world to validate, test, and examine products, systems, and environments before using them in the real world.
“The overall simulation software market will be driven by the emergence of comprehensive simulation platforms that allow for concurrent product design and validation across the product lifecycle. The significant expansion of 3D virtual simulation software across a wide range of applications for science, industry, infrastructure, and consumers allows for the virtual validation of the physical world,” according to Dick Slansky, Senior Analyst at ARC Advisory Group and key author of ARC’s Simulation Software Global Emerging Market Analysis report.
About the Simulation Software Global Market Research
This ARC research explores current market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the simulation software global market. This new research is based on ARC’s industry-leading market research database, extensive research, and proprietary economic modelling techniques. The research includes five-year market forecasts by region, by industry type, and by application type.
This new research is available as a Concise Market Analysis Report (PDF), providing an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues.
For more information on this and other available ARC market research, go to www.arcweb.com/market-studies.
