Simulation Software Market Reaches USD 17 Billion From 2018 to 2025
Verfasser: ConvergedMarkets on Tuesday, 18 September 2018The global simulation software market is expected to reach USD 17 billion, growing at a CAGR of over 10% from 2018 to 2025. The major factors responsible for the growth of simulation software market is an increase in the number of small and medium sized enterprise entities coupled with widening application base across the industries.
On the basis of geography, the simulation software market is divided into five regions such as North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is estimated to be the largest market, whereas, Europe stands on the second position. Asia-Pacific is expected to witness highest CAGR throughout the forecast period. Rapid growth economies in the Asia-Pacific region contribute almost 60% to overall global growth and are expected to grow to more than a billion consumers belonging to the middle classcategory in the next 10 years.
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