Virtual Prototype (VP) Market Size, Share, Growth And Manufacturer Analysis And Forecasts Till 2025: Grand View Research Inc.
San Francisco, 30 January 2020: The Report Virtual Prototype (VP) Market Size, Share & Trends Analysis Report By Tool (CAD, CAE, CAM, CFD, FEA), By Deployment (Cloud-based, On Premise), By Vertical, By Region, and Segment Forecasts, 2018 – 2025 The global virtual prototype market size is estimated to reach USD 861.7 million by 2025, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 19.4% over the forecast period. Virtual prototyping tools enable faster product development, cost savings, and reduction in time to market. These benefits are driving the development and adoption of VP tools. Enterprises/industrial manufacturers are switching to VP from conventional physical testing of product models. Physical testing consumed additional time and incurred high costs in the event of failure. Virtual prototype solutions enable organizations to significantly improve the accuracy of product testing and to enhance ergonomics and usabil