FMI recently published a new report on the agent-based modeling (ABM) software market with a current market valuation of USD 930.7 million in 2024. As concluded by the technology analysts, demand could eventually rise and equate to a market valuation of USD 2,764.1 million, with a CAGR of 11.50% by 2034.
Agent-based modeling (ABM) software is utilized across various industries, such as urban planning for simulating traffic flow, epidemiology for studying disease spread dynamics, and economics for modeling market behaviors and consumer interactions.
| Attributes | Details |
|---|---|
| Agent-based Modeling (ABM) Software Market Value for 2024 | USD 930.7 million |
| Agent-based Modeling (ABM) Software Market Value for 2034 | USD 2,764.1 million |
| Agent-based Modeling (ABM) Software Market Forecast CAGR for 2024 to 2034 | 11.50% |
As key markets such as the United States and Europe attain maturity in the technology domain, the scope for agent-based modeling (ABM) software is poised to remain moderate in the next few years.
| Historical CAGR | 10.70% |
|---|---|
| Forecast CAGR | 11.50% |
The historical CAGR of the agent-based modeling (ABM) software market at 10.70% reflects persistent growth over a specified period, indicating a boom in adoption and demand for ABM solutions.
The economic growth can be attributed to expanding applications across diverse sectors, including but not limited to urban planning, epidemiology, economics, and environmental science.
The forecasted CAGR of 11.50% suggests continuing this upward trend, driven by several factors such as technological advancements, the growing complexity of real-world systems requiring simulation and analysis, and the broadening recognition of ABM's effectiveness in addressing intricate problems.
As industries seek more sophisticated modeling tools to understand dynamic systems and make informed decisions, the demand for ABM software is expected to rise further, subsidizing to its future growth.
The below section shows the leading segment. Based on the deployment type, the cloud- based segment is accounted to hold a market share of 42.60% in 2024. Based on industry type, the healthcare segment is accounted to hold a market share of 28.60% in 2024.
| Category | Market Share in 2024 |
|---|---|
| Cloud-based | 42.6% |
| Healthcare | 28.6% |
Based on deployment type, the cloud-based sector is accounted to hold a market share of 42.6% in 2024.
Cloud-based deployment offers scalability, flexibility, and accessibility, allowing users to access ABM software from anywhere with internet connectivity.
The deployment model has helped reduce the burden of infrastructure management and upfront costs, making it particularly attractive for organizations seeking cost-effective and agile solutions.
Based on industry type, the healthcare sector is accounted to hold a market share of 28.6% in 2024.
ABM enables healthcare professionals and researchers to model complex disease spread dynamics, healthcare delivery systems, and patient behavior, aiding in scenario planning, policy evaluation, and resource allocation.
With the propelling emphasis on precision medicine, population health management, and healthcare optimization, ABM software is a valuable tool for understanding and improving healthcare outcomes.
The table mentions the top five countries ranked by CAGRs, with China holding the top position.
China dominates the agent-based modeling (ABM) software market due to its extensive application in urban planning to address rapid urbanization challenges, optimize transportation networks, and manage population dynamics.
ABM software is important in healthcare for disease surveillance, epidemic forecasting, and resource allocation in populous cities of China.
The Forecast CAGRs from 2024 to 2034
| Countries | CAGR |
|---|---|
| United States | 8.5% |
| Germany | 4.7% |
| Japan | 3.6% |
| China | 12% |
| Australia and New Zealand | 4.6% |
In the United States, ABM software is extensively used in urban planning and transportation modeling to simulate traffic flow, evaluate infrastructure projects, and plan for sustainable urban development.
ABM is employed in healthcare for modeling disease spread dynamics, healthcare delivery systems, and public health interventions.
ABM finds applications in economics and market research for simulating consumer behaviors, financial market dynamics, and policy impact assessments.
In Germany, ABM software is utilized in urban planning and regional development to analyze land use patterns, simulate the impact of demographic changes, and optimize transportation networks.
ABM is employed in environmental science for modeling ecosystem dynamics, biodiversity conservation strategies, and climate change mitigation measures.
ABM finds applications in industrial engineering for optimizing production processes, supply chain management, and logistics planning.
In Japan, ABM software is primarily used in disaster management and emergency response planning to simulate natural disasters such as earthquakes, tsunamis, and typhoons.
ABM enables authorities to assess evacuation strategies, allocate resources effectively, and mitigate the impact of disasters on vulnerable populations.
ABM is employed in healthcare for disease surveillance, epidemic forecasting, and resource allocation.
In China, ABM software is widely used in urban planning and smart city development initiatives to model population dynamics, urban growth patterns, and transportation systems.
ABM enables policymakers to evaluate urban expansion plans, optimize infrastructure investments, and address traffic congestion issues.
ABM finds applications in public health for modeling disease transmission, evaluating healthcare policies, and planning for epidemic response.
In Australia and New Zealand, ABM software is employed in environmental management and natural resource planning to simulate ecosystem dynamics, assess the impact of climate change, and develop conservation strategies.
ABM enables researchers and policymakers to model biodiversity hotspots, habitat connectivity, and resilience.
ABM finds applications in agriculture for optimizing land use practices, crop management strategies, and water resource allocation.
Startups are emerging with innovative solutions focusing on specific industries like healthcare, transportation, and economics. The startups leverage machine learning and cloud computing advancements to enhance model accuracy and scalability.
Key developments include partnerships with research institutions, big data analytics platforms, and customization features catering to diverse user needs, driving competition and innovation in the ABM software market.
Some of the key developments are
| Attributes | Details |
|---|---|
| Estimated Market Size in 2024 | USD 930.7 million |
| Projected Market Valuation in 2034 | USD 2,764.1 million |
| Value-based CAGR 2024 to 2034 | 11.50% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | Value in USD million |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East and Africa |
| Key Market Segments Covered | Deployment Mode, Industry, Region |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
| Key Companies Profiled | AnyLogic; SIMUL8; FlexSim; Simcad Pro; Insight Maker; AgentPy; Simudyne; Agents.jl |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 2: Global Market Value (US$ Million) Forecast by Deployment, 2019 to 2034
Table 3: Global Market Value (US$ Million) Forecast by Industry, 2019 to 2034
Table 4: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 5: North America Market Value (US$ Million) Forecast by Deployment, 2019 to 2034
Table 6: North America Market Value (US$ Million) Forecast by Industry, 2019 to 2034
Table 7: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 8: Latin America Market Value (US$ Million) Forecast by Deployment, 2019 to 2034
Table 9: Latin America Market Value (US$ Million) Forecast by Industry, 2019 to 2034
Table 10: Western Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 11: Western Europe Market Value (US$ Million) Forecast by Deployment, 2019 to 2034
Table 12: Western Europe Market Value (US$ Million) Forecast by Industry, 2019 to 2034
Table 13: Eastern Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 14: Eastern Europe Market Value (US$ Million) Forecast by Deployment, 2019 to 2034
Table 15: Eastern Europe Market Value (US$ Million) Forecast by Industry, 2019 to 2034
Table 16: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 17: South Asia and Pacific Market Value (US$ Million) Forecast by Deployment, 2019 to 2034
Table 18: South Asia and Pacific Market Value (US$ Million) Forecast by Industry, 2019 to 2034
Table 19: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 20: East Asia Market Value (US$ Million) Forecast by Deployment, 2019 to 2034
Table 21: East Asia Market Value (US$ Million) Forecast by Industry, 2019 to 2034
Table 22: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 23: Middle East and Africa Market Value (US$ Million) Forecast by Deployment, 2019 to 2034
Table 24: Middle East and Africa Market Value (US$ Million) Forecast by Industry, 2019 to 2034
Figure 1: Global Market Value (US$ Million) by Deployment, 2024 to 2034
Figure 2: Global Market Value (US$ Million) by Industry, 2024 to 2034
Figure 3: Global Market Value (US$ Million) by Region, 2024 to 2034
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 5: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 6: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 7: Global Market Value (US$ Million) Analysis by Deployment, 2019 to 2034
Figure 8: Global Market Value Share (%) and BPS Analysis by Deployment, 2024 to 2034
Figure 9: Global Market Y-o-Y Growth (%) Projections by Deployment, 2024 to 2034
Figure 10: Global Market Value (US$ Million) Analysis by Industry, 2019 to 2034
Figure 11: Global Market Value Share (%) and BPS Analysis by Industry, 2024 to 2034
Figure 12: Global Market Y-o-Y Growth (%) Projections by Industry, 2024 to 2034
Figure 13: Global Market Attractiveness by Deployment, 2024 to 2034
Figure 14: Global Market Attractiveness by Industry, 2024 to 2034
Figure 15: Global Market Attractiveness by Region, 2024 to 2034
Figure 16: North America Market Value (US$ Million) by Deployment, 2024 to 2034
Figure 17: North America Market Value (US$ Million) by Industry, 2024 to 2034
Figure 18: North America Market Value (US$ Million) by Country, 2024 to 2034
Figure 19: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 20: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 21: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 22: North America Market Value (US$ Million) Analysis by Deployment, 2019 to 2034
Figure 23: North America Market Value Share (%) and BPS Analysis by Deployment, 2024 to 2034
Figure 24: North America Market Y-o-Y Growth (%) Projections by Deployment, 2024 to 2034
Figure 25: North America Market Value (US$ Million) Analysis by Industry, 2019 to 2034
Figure 26: North America Market Value Share (%) and BPS Analysis by Industry, 2024 to 2034
Figure 27: North America Market Y-o-Y Growth (%) Projections by Industry, 2024 to 2034
Figure 28: North America Market Attractiveness by Deployment, 2024 to 2034
Figure 29: North America Market Attractiveness by Industry, 2024 to 2034
Figure 30: North America Market Attractiveness by Country, 2024 to 2034
Figure 31: Latin America Market Value (US$ Million) by Deployment, 2024 to 2034
Figure 32: Latin America Market Value (US$ Million) by Industry, 2024 to 2034
Figure 33: Latin America Market Value (US$ Million) by Country, 2024 to 2034
Figure 34: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 35: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 36: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 37: Latin America Market Value (US$ Million) Analysis by Deployment, 2019 to 2034
Figure 38: Latin America Market Value Share (%) and BPS Analysis by Deployment, 2024 to 2034
Figure 39: Latin America Market Y-o-Y Growth (%) Projections by Deployment, 2024 to 2034
Figure 40: Latin America Market Value (US$ Million) Analysis by Industry, 2019 to 2034
Figure 41: Latin America Market Value Share (%) and BPS Analysis by Industry, 2024 to 2034
Figure 42: Latin America Market Y-o-Y Growth (%) Projections by Industry, 2024 to 2034
Figure 43: Latin America Market Attractiveness by Deployment, 2024 to 2034
Figure 44: Latin America Market Attractiveness by Industry, 2024 to 2034
Figure 45: Latin America Market Attractiveness by Country, 2024 to 2034
Figure 46: Western Europe Market Value (US$ Million) by Deployment, 2024 to 2034
Figure 47: Western Europe Market Value (US$ Million) by Industry, 2024 to 2034
Figure 48: Western Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 49: Western Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 50: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 51: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 52: Western Europe Market Value (US$ Million) Analysis by Deployment, 2019 to 2034
Figure 53: Western Europe Market Value Share (%) and BPS Analysis by Deployment, 2024 to 2034
Figure 54: Western Europe Market Y-o-Y Growth (%) Projections by Deployment, 2024 to 2034
Figure 55: Western Europe Market Value (US$ Million) Analysis by Industry, 2019 to 2034
Figure 56: Western Europe Market Value Share (%) and BPS Analysis by Industry, 2024 to 2034
Figure 57: Western Europe Market Y-o-Y Growth (%) Projections by Industry, 2024 to 2034
Figure 58: Western Europe Market Attractiveness by Deployment, 2024 to 2034
Figure 59: Western Europe Market Attractiveness by Industry, 2024 to 2034
Figure 60: Western Europe Market Attractiveness by Country, 2024 to 2034
Figure 61: Eastern Europe Market Value (US$ Million) by Deployment, 2024 to 2034
Figure 62: Eastern Europe Market Value (US$ Million) by Industry, 2024 to 2034
Figure 63: Eastern Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 64: Eastern Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 65: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 66: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 67: Eastern Europe Market Value (US$ Million) Analysis by Deployment, 2019 to 2034
Figure 68: Eastern Europe Market Value Share (%) and BPS Analysis by Deployment, 2024 to 2034
Figure 69: Eastern Europe Market Y-o-Y Growth (%) Projections by Deployment, 2024 to 2034
Figure 70: Eastern Europe Market Value (US$ Million) Analysis by Industry, 2019 to 2034
Figure 71: Eastern Europe Market Value Share (%) and BPS Analysis by Industry, 2024 to 2034
Figure 72: Eastern Europe Market Y-o-Y Growth (%) Projections by Industry, 2024 to 2034
Figure 73: Eastern Europe Market Attractiveness by Deployment, 2024 to 2034
Figure 74: Eastern Europe Market Attractiveness by Industry, 2024 to 2034
Figure 75: Eastern Europe Market Attractiveness by Country, 2024 to 2034
Figure 76: South Asia and Pacific Market Value (US$ Million) by Deployment, 2024 to 2034
Figure 77: South Asia and Pacific Market Value (US$ Million) by Industry, 2024 to 2034
Figure 78: South Asia and Pacific Market Value (US$ Million) by Country, 2024 to 2034
Figure 79: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 80: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 81: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 82: South Asia and Pacific Market Value (US$ Million) Analysis by Deployment, 2019 to 2034
Figure 83: South Asia and Pacific Market Value Share (%) and BPS Analysis by Deployment, 2024 to 2034
Figure 84: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Deployment, 2024 to 2034
Figure 85: South Asia and Pacific Market Value (US$ Million) Analysis by Industry, 2019 to 2034
Figure 86: South Asia and Pacific Market Value Share (%) and BPS Analysis by Industry, 2024 to 2034
Figure 87: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Industry, 2024 to 2034
Figure 88: South Asia and Pacific Market Attractiveness by Deployment, 2024 to 2034
Figure 89: South Asia and Pacific Market Attractiveness by Industry, 2024 to 2034
Figure 90: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034
Figure 91: East Asia Market Value (US$ Million) by Deployment, 2024 to 2034
Figure 92: East Asia Market Value (US$ Million) by Industry, 2024 to 2034
Figure 93: East Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 94: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 95: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 96: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 97: East Asia Market Value (US$ Million) Analysis by Deployment, 2019 to 2034
Figure 98: East Asia Market Value Share (%) and BPS Analysis by Deployment, 2024 to 2034
Figure 99: East Asia Market Y-o-Y Growth (%) Projections by Deployment, 2024 to 2034
Figure 100: East Asia Market Value (US$ Million) Analysis by Industry, 2019 to 2034
Figure 101: East Asia Market Value Share (%) and BPS Analysis by Industry, 2024 to 2034
Figure 102: East Asia Market Y-o-Y Growth (%) Projections by Industry, 2024 to 2034
Figure 103: East Asia Market Attractiveness by Deployment, 2024 to 2034
Figure 104: East Asia Market Attractiveness by Industry, 2024 to 2034
Figure 105: East Asia Market Attractiveness by Country, 2024 to 2034
Figure 106: Middle East and Africa Market Value (US$ Million) by Deployment, 2024 to 2034
Figure 107: Middle East and Africa Market Value (US$ Million) by Industry, 2024 to 2034
Figure 108: Middle East and Africa Market Value (US$ Million) by Country, 2024 to 2034
Figure 109: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 110: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 111: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 112: Middle East and Africa Market Value (US$ Million) Analysis by Deployment, 2019 to 2034
Figure 113: Middle East and Africa Market Value Share (%) and BPS Analysis by Deployment, 2024 to 2034
Figure 114: Middle East and Africa Market Y-o-Y Growth (%) Projections by Deployment, 2024 to 2034
Figure 115: Middle East and Africa Market Value (US$ Million) Analysis by Industry, 2019 to 2034
Figure 116: Middle East and Africa Market Value Share (%) and BPS Analysis by Industry, 2024 to 2034
Figure 117: Middle East and Africa Market Y-o-Y Growth (%) Projections by Industry, 2024 to 2034
Figure 118: Middle East and Africa Market Attractiveness by Deployment, 2024 to 2034
Figure 119: Middle East and Africa Market Attractiveness by Industry, 2024 to 2034
Figure 120: Middle East and Africa Market Attractiveness by Country, 2024 to 2034
As of 2024, the market for agent-based modeling (ABM) software is expected to be valued at USD 930.7 million.
The agent-based modeling (ABM) software market is projected to expand at a CAGR of 11.50% between 2024 and 2034.
The cloud-based segment is projected to dominate the industry.
By 2034, the market value of the agent-based modeling (ABM) software is expected to reach USD 2,764.1 million.
China is likely the top-performing market, with a CAGR of 12%.
Explore Vertical Solution Insights
Agent-based Modeling (ABM) Software Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
