Simulation Software Market Accounted For USD 33.9 Billion By 2028
San Francisco, 6 April 2021: The Report Simulation Software Market Size, Share & Trends Analysis Report By Component (Software, Service), By Deployment (On-premise, Cloud), By End-use (Automotive, Healthcare, Aerospace & Defense), By Region, And Segment Forecasts, 2021 - 2028 The global simulation software market size is expected to reach USD 33.9 billion by 2028, according to a new study by Grand View Research, Inc. The market is expected to expand at a CAGR of 17.1% from 2021 to 2028. Simulation software is being used for training personnel. It is replacing the traditional real-time training techniques, which incurred huge investments annually for companies. The use of simulation for training purposes helps reduce training costs as companies need to make a one-time investment for software implementation. The software also helps enterprises minimize the production cost by enhancing the product development process. The need for developing prototypes and the chances of pro