Market Overview:
The global process simulation software market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for process simulation software in various industries such as automotive, chemicals, aerospace, power plants and others. Additionally, the growing trend of on-premise deployment is also propelling the growth of this market. However, high implementation costs and lack of technical expertise are some factors that may restrain the growth of this market during the forecast period.
Product Definition:
Process simulation software is used to model and predict the behavior of a manufacturing or chemical process. It can help identify potential problems and optimize the process.
On-Premise:
On-premise software is a type of process simulation software that is used to model and analyze the processes in which the key factor contributing to its growth includes data privacy and security. In addition, it also helps organizations in gaining control over their business information by modeling various types of business processes with their own customized on-premise software solutions.
On-Cloud:
On-Cloud is a term used for the infrastructure that provides services and solutions over the internet. It also helps to connect physical devices with cloud based applications. On-Cloud solution offers benefits such as increased efficiency, improved collaboration, reduced costs and time to market among others which are expected to drive demand in process simulation software market during the forecast period.
Application Insights:
The chemical industry is one of the largest end-use industries for process simulation software. The use of such software helps in designing and operating chemical processes more efficiently by reducing costs, time and resources consumed in trial-and-error testing. The automotive industry is also anticipated to witness significant growth over the forecast period owing to increasing demand for electric vehicles across the globe.
Automotive manufacturing involves a large number of processes that need to be simulated before introducing new technologies or adopting new manufacturing techniques. Simulation allows manufacturers to optimize their production workflow while ensuring quality throughout all stages of product development cycle from design through production planning & control (PPC). In addition, it helps reduce wastage during prototype development phase as well as provides accurate sizing information about parts & tools used during vehicle manufacture thereby saving both time & cost involved in prototyping activities.
Regional Analysis:
The North America region accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing demand for process simulation software from various industries, such as oil & gas, power generation, healthcare and others. In addition, rising adoption of cloud-based solutions by enterprises is also anticipated to drive regional market growth.
The Asia Pacific region is projected to witness significant growth during the forecast period owing to rapid industrialization coupled with growing awareness regarding process simulation software among end users in this region. Furthermore, improving infrastructure facilities in countries like China and India are expected to boost industry expansion over the next few years. Additionally, rising investments by governments of key economies including China and India towards implementation of advanced technologies across several sectors including energy has further propelled market development prospects within APAC region over last few years (see Figure 1).
Growth Factors:
- Increasing demand for Process Simulation Software from the process industries to improve their production efficiency.
- Growing popularity of Process Simulation Software among small and medium-sized enterprises (SMEs) due to its low cost and easy-to-use interface.
- Rising number of research and development (R&D) activities in the field of process simulation, which is expected to fuel the growth of the Process Simulation Software market in the near future.
- Proliferation of cloud-based deployment models for Process Simulation Software, which is making it more accessible to a wider audience across different geographies.
Scope Of The Report
Report Attributes
Report Details
Report Title
Process Simulation Software Market Research Report
By Type
On-Premise, On-Cloud
By Application
Automotive, Chemicals, Aerospace, Power Plants, Others
By Companies
AspenTech, AnyLogic, 3DS, Avtech Scientific, Kongsberg Digital, AVEVA, Outotec, Corys, GSE Systems, Schlumberger, Engineered Software, KBC Advanced Technologies, Honeywell, Aspen Technology, Intelligen
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Process Simulation Software Market Report Segments:
The global Process Simulation Software market is segmented on the basis of:
Types
On-Premise, On-Cloud
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Chemicals, Aerospace, Power Plants, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AspenTech
- AnyLogic
- 3DS
- Avtech Scientific
- Kongsberg Digital
- AVEVA
- Outotec
- Corys
- GSE Systems
- Schlumberger
- Engineered Software
- KBC Advanced Technologies
- Honeywell
- Aspen Technology
- Intelligen
Highlights of The Process Simulation Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- On-Premise
- On-Cloud
- By Application:
- Automotive
- Chemicals
- Aerospace
- Power Plants
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Process Simulation Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Process simulation software is a type of software that helps users understand how different processes work together to produce a desired outcome. It can be used to model the steps involved in manufacturing products, for example, or to simulate how customers interact with businesses.
Some of the major companies in the process simulation software market are AspenTech, AnyLogic, 3DS, Avtech Scientific, Kongsberg Digital, AVEVA, Outotec, Corys, GSE Systems, Schlumberger, Engineered Software, KBC Advanced Technologies, Honeywell, Aspen Technology, Intelligen.
The process simulation software market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Process Simulation Software Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Process Simulation Software Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Process Simulation Software Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Process Simulation Software Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Process Simulation Software Market Size & Forecast, 2018-2028 4.5.1 Process Simulation Software Market Size and Y-o-Y Growth 4.5.2 Process Simulation Software Market Absolute $ Opportunity
Chapter 5 Global Process Simulation Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Process Simulation Software Market Size Forecast by Type
5.2.1 On-Premise
5.2.2 On-Cloud
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Process Simulation Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Process Simulation Software Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Chemicals
6.2.3 Aerospace
6.2.4 Power Plants
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Process Simulation Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Process Simulation Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Process Simulation Software Analysis and Forecast
9.1 Introduction
9.2 North America Process Simulation Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Process Simulation Software Market Size Forecast by Type
9.6.1 On-Premise
9.6.2 On-Cloud
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Process Simulation Software Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Chemicals
9.10.3 Aerospace
9.10.4 Power Plants
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Process Simulation Software Analysis and Forecast
10.1 Introduction
10.2 Europe Process Simulation Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Process Simulation Software Market Size Forecast by Type
10.6.1 On-Premise
10.6.2 On-Cloud
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Process Simulation Software Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Chemicals
10.10.3 Aerospace
10.10.4 Power Plants
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Process Simulation Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Process Simulation Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Process Simulation Software Market Size Forecast by Type
11.6.1 On-Premise
11.6.2 On-Cloud
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Process Simulation Software Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Chemicals
11.10.3 Aerospace
11.10.4 Power Plants
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Process Simulation Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Process Simulation Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Process Simulation Software Market Size Forecast by Type
12.6.1 On-Premise
12.6.2 On-Cloud
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Process Simulation Software Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Chemicals
12.10.3 Aerospace
12.10.4 Power Plants
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Process Simulation Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Process Simulation Software Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Process Simulation Software Market Size Forecast by Type
13.6.1 On-Premise
13.6.2 On-Cloud
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Process Simulation Software Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Chemicals
13.10.3 Aerospace
13.10.4 Power Plants
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Process Simulation Software Market: Competitive Dashboard
14.2 Global Process Simulation Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AspenTech
14.3.2 AnyLogic
14.3.3 3DS
14.3.4 Avtech Scientific
14.3.5 Kongsberg Digital
14.3.6 AVEVA
14.3.7 Outotec
14.3.8 Corys
14.3.9 GSE Systems
14.3.10 Schlumberger
14.3.11 Engineered Software
14.3.12 KBC Advanced Technologies
14.3.13 Honeywell
14.3.14 Aspen Technology
14.3.15 Intelligen