CIMdata Publishes Simulation and Analysis Market Report
The Simulation & Analysis market grew by 13.1% to nearly $6.5 billion in 2018.
According to Mr. Don Tolle, CIMdata's Practice Manager for Simulation-Driven Systems Development, "While detailed 3D modeling , simulation, and analysis for virtual prototyping and verification/
"To meet these industry challenges, there is a strong industry focus on creating collaborative product innovation platforms that enable cross-domain 'digital process threads' (including mechanical, electronics, software, controls, chemistry, materials, and other physics) that can be shared, continuously improved, and managed throughout the product development lifecycle. The major software and services solution providers are investing heavily in R&D to create new model-driven, integrated MBSE, PLM, and S&A capabilities as well as adding new leading-edge technologies by acquiring or partnering with smaller, innovative solutions providers.
"Looking forward, democratization of collaborative model-based engineering approaches based on open platforms, role-specific user interfaces, and data interoperability standards will allow a true systems engineering approach from product ideation through detailed development, verification and validation, manufacturing, in-service operations, and ultimately support for reuse, recycling, and end of life. Technologies in the area of 'augmented intelligence' (leveraging Artificial Intelligence/
In 2018 S&A revenues grew to nearly $6.5 billion, an increase of 13.1% over the $5.7 billion in 2017. According to Mr. Stan Przybylinski, CIMdata's VP of Research, "While the S&A segment has been the star of PLM in terms of growth since 2010, 2018 was an outstanding year for the segment. CIMdata believes S&A is continuing to move 'up front' in the product development process (i.e., to the 'left' side of the Systems Engineering Vee), helping companies evaluate multiple design concepts and optimize performance before committing to the final hardware and software design. Growth was broad-based and the public S&A solution providers expect another strong year in 2019 based on their revenue guidance to Wall Street. CIMdata expects that S&A will continue to be one of the more rapidly growing segments within the tools sector of PLM over the next five years, and forecasts that this market sector will reach nearly $11 billion in 2023, with an 11.1% CAGR. For 2019, CIMdata forecasts that the S&A sub-sector will grow 11.6% overall and have revenues of just over $7.2 billion."
The 2019 CIMdata S&A Market Analysis Report is available for purchase at: http://www.cimdata.com/