Global Cloud Based Simulation Application Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Cloud Based Simulation Application Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Cloud-based simulation applications are the process of calling computer simulation services through the cloud.

Market Overview:

The latest research study on the global Cloud Based Simulation Application market finds that the global Cloud Based Simulation Application market reached a value of USD 9159.77 million in 2022. It’s expected that the market will achieve USD 21965.0 million by 2028, exhibiting a CAGR of 15.69% during the forecast period.

Growing demand for cloud-based simulation applications in manufacturing

With engineering companies increase the use of simulation in the design process and throughout product development, the demand for simulation resources has grown.
Digital simulation has become a basic function of planning and validating automated manufacturing processes such as robotic assembly, packaging, and palletizing. Simulation and process planning applications provide powerful tools to help engineers quickly and efficiently adjust automated production as needed, and more effectively manage expensive assets. Considering the adoption of the Internet of Things, this application is rapidly rising and requires cloud infrastructure to facilitate data-intensive communication between automated machines, devices, equipment and other endpoints.
As manufacturing continues to add demand for cloud-based simulation applications, the market size will continue to expand.

The cloud can increase the value of simulation applications to drive the market

Before starting the actual commissioning of production machines / cells / production lines, cloud-based simulations should accurately represent the process. It helps manufacturers identify problems and potential failures early in the process, reducing the possibility of those fatal errors that are costly to repair and cause large delays in commissioning.
Virtual process simulation may also trigger new ideas for optimization, verify layouts and required assets, and point out potential bottlenecks in throughput and other manufacturing parameters.
When using cloud-based simulation applications instead of desktop applications, organizations can use more data / knowledge and more up-to-date data through simulation, better control resource costs, reduce IT burdens, and work with Industry 4.0 technologies and Easier integration of concepts.

Limitations

Although the application of cloud technology in other IT fields has been relatively mature, cloud simulation is still a brand new field. Many companies have wait-and-see attitudes regarding cloud simulation related to policies and regulations, security, network bandwidth, data protection, and system migration.
The main limitation comes from two aspects: First, the security of data. Although cloud technology already has more security policies and application examples, most enterprises still prohibit engineering data from flowing out of corporate firewalls. Another bottleneck is network bandwidth. When large-scale simulation calculations are performed, there are major obstacles to data transmission. In particular, some large-scale simulation projects will generate huge amounts of data, which will make enterprises worry about delivering simulation applications to the cloud.
In addition, the development of the Cloud Based Simulation Application industry requires high initial capital investment and operating costs. At the same time, the organizational dependence on the Internet will also limit the development of the industry. In recent years, with the development of the global economy, employees have increased wage requirements, which have led to rising labor costs for major market participants, which will limit the development of the industry to a certain extent.

Region Overview:

Geographically, North America held the largest market share – 39.18% in 2022.

Company Overview:

ANSYS Inc. is one of the major players operating in the Cloud Based Simulation Application market, holding a share of 18.37% in 2023.

ANSYS Inc.

ANSYS, Inc. develops, markets, and supports software solutions for design analysis and optimization. The Company's software accelerates product time to market, reduces production costs, improves engineering processes, and optimizes product quality and safety for a variety of manufactured products.

Siemens Digital Industries Software

Siemens Digital Industries Software is driving transformation to enable a digital enterprise where engineering, manufacturing and electronics design meet tomorrow. They solutions help companies of all sizes create and leverage digital twins that provide organizations with new insights, opportunities and levels of automation to drive innovation.

Segmentation Overview:

As for product types, the Software as a Service (SaaS) segment held the largest market share in 2022.

Application Overview:

The market's largest segment by application is the segment Manufacturing, with a market share of 37.07% in 2022.

Key Companies in the global Cloud Based Simulation Application market covered in Chapter 3:

Rescale Inc.
MSC Software
SimScale
Siemens Digital Industries Software
ANSYS Inc.
Simio
Fieldscale
Health Scholars
Electromagneticworks
Autodesk Inc.
Dassault Systemes
iGrafx

In Chapter 4 and Chapter 14.2, on the basis of types, the Cloud Based Simulation Application market from 2018 to 2029 is primarily split into:

Software as a Service (SaaS)
Platform as a Service (PaaS)
Infrastructure as a Service (IaaS)

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Cloud Based Simulation Application market from 2018 to 2029 covers:

Manufacturing
Media & Entertainment
Construction
Automotive
Transportation & Logistics
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)