An Incisive, In-depth Analysis on the Simulation And Test Data Management Market
This study offers a comprehensive, 360 degree analysis on the Simulation And Test Data Management market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Simulation And Test Data Management market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Simulation or testing is the process of designing a model of an actual or a theoretical physical system to represent important aspects of the real world. These software helps to predict the behaviour of a system, which can be used to evaluate a new design, diagnose problem with existing designs, and test a system under conditions that are difficult to replicate in reality. Simulation or test data management software effectively manage data and process information that has been generated from simulation and test software, which offers benefits such as faster time-to-market, better use of information, lowers development costs and increases collaboration within an organization.
FMI forecasts the simulation and test data management market to grow at 12.5% CAGR during the forecast period 2016-2026, and is expected to reach US$ 480.6 Mn in terms of revenues by 2026 end. Software segment is estimated to hold the largest share among the components segment, accounting or US$ 354.7 Mn by 2026, up from US$ 108.8 Mn in 2016.
Increasing demand for data management software to protect against loss of data generated is one of the main drivers of simulation and test data management market
The simulation and test data management market is anticipated to witness a significant revenue growth during the forecast period, owing to increasing demand for data management software to protect against loss of data generated from simulation and test software, increasing efforts to reduce time-to-market company's product and need to manage and analyse data generated from simulation and test data management software etc. Moreover, demand from verticals such as automotive, aerospace & defence etc. is expected to increase as simulation and testing software are already used on wide scale in these verticals and thus there is a greater need to have a data management software.
High development costs associated with simulation and test data management software, coupled with a long recovery period are the major challenges faced by simulation and test data management market. Transferring large amount of data from simulation and test data management software to computers can be a time consuming process, which is another challenge for the adoption of this technology.
Market Segmentation
| By Component Type | By Vertical | By Region |
|---|---|---|
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Software segment is expected to account for maximum market revenue share by 2026
Among all the components, software segment is expected to account for maximum market revenue share by 2026, as software being a very important component of this market. In software sub-segment, hosted software category is expected to witness highest growth rate during forecast period, followed by on-premise software.
Aerospace and defence vertical is expected to increase at highest growth rate during the forecast period
In the vertical segment, aerospace & defence vertical is expected to increase at highest growth rate during the forecast period, followed by automotive vertical. Increasing expenditure on aerospace & defence verticals by major countries is expected to drive the demand for this verticals.
North America region is expected to be the largest revenue generator for simulation and test data management by 2026
Market in North America region is expected to be the largest revenue generator for simulation and test data management market by 2026, is expected to account for a revenue share of 37.8% by 2026, owing to region being a centre for major companies from automobile, aerospace & defence, and healthcare verticals. Region-wise, Asia Pacific excluding Japan (APEJ) is expected to be the second largest market in simulation and test data management market with market revenue expected to be valued at US$ 119.8 Mn by 2026.
Certain market companies are providing integrated simulation and data management software as a single solution to consolidate their position in the market
Key players reported in this study on the simulation and test data market include Siemens PLM, AVL, Dassault Systèmes: 3D Software Company, IBM Corporation, MSC Software Corporation, Informatica, ANSYS Software Pvt. Ltd., ESI Group, and Autodesk, Inc. who have significantly increased their footprint in the simulation and test data management market over the years.
Some of the companies such as Siemens PLM and Dassault Systèmes: 3D Software Company are providing integrated simulation and data management software as a single solution, to consolidate their position in the market. Companies such as Informatica are providing test data management software with the help of hybrid cloud, offering a combination of on premise and hosted services.
In the report “Simulation and Test Data Management Market: Global Industry Analysis and Opportunity Assessment, 2016–2026”, Future Market Insights (FMI) examines the ‘Global Simulation and Test Data Management’ market for the forecast period 2016–2026. The primary objective of the report is to identify opportunities in the market and present updates and insights, pertaining to various segments of the global simulation and test data management market.
Report description
The report, simulation and test data management market, lists two types of components- software and services, software segment is further been categorized by deployment model – hosted and on premise. The report studies their demand and forecast across various vertical for the period 2016-2026 in the global market.
To understand and assess the demand and opportunities in this market, the report is categorically split into three major sections, namely market analysis – by component, by vertical, and by region. The report analyzes the simulation and test data management market in terms of market value (US$ Mn).
The report starts with market overview and provides market definition and analysis about the drivers, challenges, opportunities and key trends in the market. The following section include analysis of the global market - by component, by vertical, and by region. All the three sections evaluate the market on the basis of various factors affecting the market, covering the present scenario and future prospects. For market data analysis, the report considers 2015 as the actual year, with the forecast provided for 2016-2026.
The simulation and test data management market is segmented as follows:
- By Component
- By Vertical
- By Region
On the basis of component, the market is segmented into:
- Software
- Services
On the basis of vertical, the market is segmented into:
- Automotive
- Architecture & Construction
- Consumer Goods & Retail
- Aerospace & Defense
- Energy & Utility
- Medical
Regions covered in the report include:
- North America
- Latin America
- Asia Pacific Excluding Japan
- Japan
- Eastern Europe
- Western Europe
- Middle East & Africa
In the final section of the report, global simulation and test data management market, a competitive landscape is included to provide a dashboard view of global and regional companies that supply simulation and test data management systems across prominent regions. Market share has also been provided at company level, which segregate the prominent players according to their annual turnover from simulation and test data management. The report contains company profiles of some of the major players operating in the simulation and test data management market.
Research methodology
To deduce the market size, the report considers various aspects based on secondary research. Furthermore, data points such as country-wise, technology-wise split and market split by sales channel and qualitative inputs from primary respondents have been incorporated to arrive at appropriate market estimates. The forecast presented in the report assesses the total revenue generated and expected revenue contribution by the simulation and test data management market.
When developing the market forecast, the report begins with sizing the current market, which forms the basis for forecasting how the market is anticipated to take shape in the near future. Given the characteristics of the market, FMI triangulates the data via different analysis based on supply side, demand side, and dynamics of the global simulation and test data management market. However, quantifying the market across the abovementioned segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them after the forecast has been completed.
It is imperative to note that in an ever-fluctuating economy, FMI not only provides forecasts in terms of CAGR, but also analyse on the basis of key parameters, such as year-on-year (Y-o-Y) growth, to understand predictability of the market and identify right opportunities.
Another key feature of this report is the analysis of the global simulation and test data management market and the corresponding revenue forecast in terms of absolute dollar opportunity. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective of the simulation and test data management market.
To understand key segments in terms of their growth and performance in the global simulation and test data management market, Future Market Insights has developed a market attractiveness index. The resulting index will help providers identify existing market opportunities in the global simulation and test data management market.
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