India Simulation Software Market Size & Outlook, 2024-2030
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India simulation software market highlights
- The India simulation software market generated a revenue of USD 1,037.0 million in 2023 and is expected to reach USD 3,108.8 million by 2030.
- The India market is expected to grow at a CAGR of 17% from 2024 to 2030.
- In terms of segment, software was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Simulation software market data book summary
| Market revenue in 2023 | USD 1,037.0 million |
| Market revenue in 2030 | USD 3,108.8 million |
| Growth rate | 17% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Services |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Services |
| Key market players worldwide | Altair Engineering Inc Class A, Autodesk Inc, Ansys Inc, Bentley Systems Inc Ordinary Shares - Class B, Dassault Systemes SE, Rockwell Automation Inc, Simulations Plus Inc, Keysight Technologies Inc, GSE Systems Inc, The MathWorks Inc. |
Other key industry trends
- In terms of revenue, India accounted for 4.9% of the global simulation software market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China simulation software market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 6,564.5 million by 2030.
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Simulation Software Market Scope
Simulation Software Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| The MathWorks Inc. | View profile | 11-50 | Pozuelo De Alarcón, Madrid, Spain, Europe | https://es.mathworks.com/ |
| GSE Systems Inc | View profile | 257 | 6940 Columbia Gateway Drive, Suite 470, Columbia, MD, United States, 21046 | https://www.gses.com |
| Autodesk Inc | View profile | 13700 | One Market Street, Suite 400, San Francisco, CA, United States, 94105 | https://www.autodesk.com |
| Ansys Inc | View profile | 6200 | 2600 ANSYS Drive, Canonsburg, PA, United States, 15317 | https://www.ansys.com |
| Bentley Systems Inc Ordinary Shares - Class B | View profile | 5200 | 685 Stockton Drive, Exton, PA, United States, 19341 | https://www.bentley.com |
| Simulations Plus Inc | View profile | 197 | 42505 Tenth Street West, Lancaster, CA, United States, 93534-7059 | https://www.simulations-plus.com |
| Dassault Systemes SE | View profile | 23811 | 10, Rue Marcel Dassault, Velizy-Villacoublay, France, 78140 | https://www.3ds.com |
| Altair Engineering Inc Class A | View profile | 3200 | 1820 East Big Beaver Road, Troy, MI, United States, 48083 | https://www.altair.com |
| Keysight Technologies Inc | View profile | 14900 | 1400 Fountaingrove Parkway, Santa Rosa, CA, United States, 95403-1738 | https://www.keysight.com |
| Rockwell Automation Inc | View profile | 29000 | 1201 South Second Street, Milwaukee, WI, United States, 53204 | https://www.rockwellautomation.com |
India simulation software market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to simulation software market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 73.79% in 2024. Horizon Databook has segmented the India simulation software market based on software, services covering the revenue growth of each sub-segment from 2018 to 2030.
- India Simulation Software Component Outlook (Revenue, USD Million, 2018-2030)
- Software
- Services
- Simulation Development Services
- Training and Support & Maintenance
- India Simulation Software Deployment Outlook (Revenue, USD Million, 2018-2030)
- On-premises
- Cloud-based
- India Simulation Software Application Outlook (Revenue, USD Million, 2018-2030)
- Engineering, Research, Modeling & Simulated Testing
- High Fidelity Experiential 3D Training
- Gaming and Immersive Experiences
- Manufacturing Process Optimization
- AI Training & Autonomous Systems
- Planning and Logistics Management & Transportation
- Cyber Simulation
- India Simulation Software End Use Outlook (Revenue, USD Million, 2018-2030)
- Automotive
- Aerospace & Defense
- Industrial
- Oil & Gas
- Mining
- Energy & Utilities
- Others
- Electronics and Semiconductor
- Transportation & Logistics
- Healthcare
- Others
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Target buyers of India simulation software market databook
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Our clientele includes a mix of simulation software market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India simulation software market , including forecasts for subscribers. This country databook contains high-level insights into India simulation software market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India simulation software market size, by component, 2018-2030 (US$M)
India Simulation Software Market Outlook Share, 2024 & 2030 (US$M)
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