Market Insight- Global Simulation and Test Data Management Market

Market Overview

Simulation software refers to a system or method of modeling a real phenomenon with a set of mathematical formulae. In other words, simulation software is a program that enables users to observe an operation through simulation without actually commencing the operation. The primary objective of this software to predict the behavior of a system that can be used to assess a new design, diagnose problem with existing designs, and examine a system under conditions, which are challenging to replicate in reality. Furthermore, test data management software effectively manages the data and process information, which has been generated from test and simulation software. It offers various advantages such as better use of information, faster time-to-market, increasing collaboration within an organization, and low development costs.

The global Simulation and Test Data Management Market is estimated to account for US$ 215.7 Mn in terms of value and is expected to grow at CAGR of 12.5% for the period 2019-2027

Market Dynamics- Drivers

  1. Growing investment in simulation and test data management solutions due to loss of data is expected to drive growth of the global simulation and test data management market

Inadequate management of simulation files can lead to loss of data, which results in introduction of errors, which can delay the overall product development process. Moreover, there is a constant risk of data theft since important data and files are shared through email or shared folders. Hence, proper simulation and test management have gained significant traction among companies, in order to enhance productivity and enhance business processes. Thus, these factors are expected to support the global simulation and test data management market growth over the forecast period. For instance, EKM is a CAE data management platform offered by ANSYS, Inc., which utilizes different management techniques such as data mining and search tools in order to enhance its data search capabilities.

  1. Increasing demand for analysis and management of data from simulation to gain insights is expected to propel the global simulation and test data management market over the forecast period

A vast amount of data is generated by simulation and testing processes, which necessitates an enhanced data management system. Since this data is essential for the product development process, it relies on 3V, i.e. variety, velocity, and volume. Furthermore, data needs to be saved and separated quickly in an efficient manner, which is a challenging task for design engineers. To manage this increasing volume of data with greater velocity can pose a challenge for design engineers, which is leading to an increase in adoption of simulation and test data management software. Moreover, understanding the variety of data, i.e., structured and unstructured data, is crucial for implementing better decisions while designing products. These factors are expected to boost the global simulation and test data management market growth in the near future.

North America region dominated the global Simulation and Test Data Management Market in 2019, accounting for 35.1%% share in terms of value, followed by Western Europe and Asia Pacific, respectively

Simulation & Test Data Management  | Coherent Market Insights

Market Dynamics- Restraints

  1. Lack of skilled workforce and high deployment costs are expected to restrain the global simulation and test data management market growth over the forecast period

Initial deployment costs required for simulation and test data management is significantly high. It also has long cost-recovery period, which hinders its adoption. Moreover, skilled and experienced individuals are required to operate this software. This, lack of skilled workers and high initial deployment costs are expected to restrain growth of the global simulation and test data management market over the forecast period.

  1. Extensive time required for transfer of vast volumes of data from simulation and test data management software to computers is expected to hinder growth of the global simulation and test data management market

Simulation and testing cycles generate a vast amount of data including intermediate files and results, which are input to HPC systems. Transferring files can exert stress on network bandwidth and result in lengthy time-to-market for products. Simulation and test data management systems fail to eliminate these issues. This factor is expected to hamper the market growth in the near future.

Market Opportunities

  1. Merging of data management and data analytics techniques is expected to present excellent growth opportunities

The global simulation and test data management market is closed associated with big data analytics market. Incorporating advanced data analytics techniques with simulation and test data management platforms can offer major advantages in saving time to analyze data and derive insights. Furthermore, enterprises offering simulation and test data management platforms can introduce artificial intelligence algorithms such as predictive modelling, text mining, etc. to enhance their product offerings.

  1. Offering 3D simulation and testing software to present lucrative growth opportunities in the near future

Advent of next-generation technologies such as virtual and mixed reality in simulation and testing software are expected to change demands from data management platforms. In order to survive these new trends, simulation and test data management systems will require to be incorporated with advanced intelligence technologies.

Simulation & Test Data Management  | Coherent Market Insights

Market Trends

  1. Major companies are offering TDM and SDM applications via cloud platform

Increasing number of companies are providing simulation data management software and test data management software enabled through the cloud so as to make these platforms compatible with future big data systems and existing big data analytics platforms. The model also makes the technology feasible for mid-size and small size manufacturers who do not require to invest in their existing infrastructural capabilities to use these services though it can use SDM and TDM applications enabled through the cloud.

  1. Providing data management services through hybrid cloud model

Many data management service providers are focused on integrating hybrid cloud model. For instance, in May 2016, Informatica provided its TDM applications with the help of hybrid cloud through – Vive, virtual data machine (VDM) – which runs on both Informatica cloud and Informatica’s on premise power center. This is a trend and its adoption is expected to increase significantly over the next five years.

Segment information:

In Global Simulation and Test Data Management Market, by vertical, the Automotive segment dominated the global market in 2019, accounting for 33.2% share in terms of value, followed by Aerospace & Defense, Consumer Goods & Retail, Architecture & Construction, Medical, Energy & Utility and Others respectively.

Simulation & Test Data Management  | Coherent Market Insights

Competitive Section

Key players operating in the global simulation and test data management market are MSC Software Corporation, Siemens PLM Software, Autodesk, Inc., AVL, ESI Group, Informatica, ANSYS Software Pvt. Ltd., IBM Corporation, and Dassault Systèmes: 3D Software Company.

Key Developments

  1. Key companies in the market are focused on partnerships and collaborations, in order to gain competitive edge in the market. For instance, in April 2019, MSC Software Corporation partnered with Aras Corporation, a provider of digital industrial applications.
  2. Major market players are involved in product launches, in order to enhance their market. For instance, in December 2017, ESI Group, a provider of management software and services, introduced SimulationX 3.9, a software platform for multiphysics system simulation.

Simulation Software is a program that allows the user to observe an operation through simulation without actually performing that operation. It is also known as virtual testing software, which helps to identify and resolve flaws in the new product before its launch. Simulation Software analyzes behavior of new product under different conditions and also checks the resemblance of new product with designing specs. Furthermore, test data management software effectively manages the data and process information, which has been generated from test and simulation software. It offers various advantages such as better use of information, faster time-to-market, increasing collaboration within an organization, and low development costs.

Market Dynamics

Inadequate management of simulation files can lead to loss of data, which results in introduction of errors, which can delay the overall product development process. Moreover, there is a constant risk of data theft since important data and files are shared through email or shared folders. Hence, proper simulation and test management have gained significant traction among companies, in order to enhance productivity and enhance business processes. Thus, these factors are expected to support the global simulation and test data management market growth over the forecast period. A vast amount of data is generated by simulation and testing processes, which necessitates an enhanced data management system. Since this data is essential for the product development process, it relies on 3V, i.e. variety, velocity, and volume. Furthermore, data needs to be saved and separated quickly in an efficient manner, which is a challenging task for design engineers. To manage this increasing volume of data with greater velocity can pose a challenge for design engineers, which is leading to an increase in adoption of simulation and test data management software.

Market Taxonomy

This report segments the Global Simulation and Test Data Management Market on the basis of Component type, Vertical and region. On the basis of Component type, Global Simulation and Test Data Management Market is segmented into Software and Services. Furthermore Software is segmented on the basis of deployment type into On-premise and Hosted. On the basis of Vertical, the Global Simulation and Test Data Management Market is segmented into Automotive, Architecture & Construction, Consumer Goods and Retail, Aerospace and Defense, Energy and Utility, Medical and Others. On the basis of region, Automotive, Architecture & Construction, Consumer Goods and Retail, Aerospace and Defense, Energy and Utility, Medical and Others is segmented into North America, Latin America, Europe, Asia pacific, Middle East and Africa.

Key features of the study:

  • This report provides an in-depth analysis of the Global Simulation and Test Data Management Market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2019-2027), considering 2019 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global Integration & Orchestration Middleware Market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered in the Global Simulation and Test Data Management Market includes MSC Software Corporation, Siemens PLM Software, Autodesk, Inc., AVL, ESI Group, Informatica, ANSYS Software Pvt. Ltd., IBM Corporation, and Dassault Systèmes: 3D Software Company.
  • These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
  • The global building automation systems market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Global Simulation and Test Data Management Market

Detailed Segmentation:

  • Global Simulation and Test Data Management Market, By Component Type:
    • Software
      • On-Premise
      • Hosted
    • Services
    • Global Simulation and Test Data Management Market, Vertical:
    • Automotive
    • Architecture & Construction
    • Consumer Goods and Retail
    • Aerospace and Defense
    • Energy and Utility
    • Medical
    • Others
  • Global Integration & Orchestration Middleware Market, By Region:
    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East and Africa
  • Company Profiles
    • ANSYS Software Pvt. Ltd.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Autodesk, Inc.
    • AVL
    • Dassault Systèmes
    • ESI Group
    • IBM Corporation
    • Informatica
    • MSC Software Corporation
    • Siemens PLM Software

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Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, BY Component type
      • Market Snippet, By Vertical
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New system Launch/Approvals
  4. Global Simulation and Test Data Management Market, BY Component Type, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Software
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
        • On-Premise
        • Hosted
    • Service
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
  5. Global Simulation and Test Data Management Market, By Vertical, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Automotive
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Architecture & Construction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Aerospace and Defense
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Energy & Utility
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Medical
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Others
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
  6. Global Simulation and Test Data Management Market, By Region, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Component type, 2019–2027(US$ Million)
      • Market Size and Forecast, By Vertical, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Component type, 2019–2027(US$ Million)
      • Market Size and Forecast, By Vertical, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.K.
        • Germany
        • Italy
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Component type, 2019–2027(US$ Million)
      • Market Size and Forecast, By Vertical, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Component type, 2019–2027(US$ Million)
      • Market Size and Forecast, By Vertical, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, By Component type, 2019–2027(US$ Million)
      • Market Size and Forecast, By Vertical, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • GCC Countries
        • South Africa
        • Rest of the Middle East and Africa
  7. Competitive Landscape
    • Company Profiles
      • ANSYS Software Pvt. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Autodesk, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • AVL
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Dassault Systems
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • ESI Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • IBM Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Informatica
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • MSC Software Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Siemens PLM Software
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

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