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Revolutionizing Industries: Simulation Software Market Expected to Thrive in the Coming Years | Future Market Insights

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NEWARK, Del, Aug. 03, 2023 (GLOBE NEWSWIRE) — A comprehensive analysis of the Global Simulation Software Market was conducted by a certified ESCOMAR Corporate market intelligence firm, Future Market Insights. The report reveals that the simulation software market recorded global sales of US$ 13,940.9 million in 2023. Furthermore, it is projected to grow by 8.9% from 2023 to 2033, with an expected valuation of US$ 32,801.2 million by 2033. These findings are a testament to the market’s potential for significant growth and development in the coming years.

The report highlights the exponential growth potential of the market and explores key trends, growth drivers, and challenges that influence the market.

The booming technology landscape and the need for cost-effective solutions have driven the demand for simulation software across various industries. Simulation software enables organizations to model real-world scenarios, predict outcomes, and make informed decisions without incurring substantial costs or risks. This transformative tool has revolutionized industries by offering enhanced performance, improved efficiency, and increased operational resilience.

The report highlights the following factors fueling the growth of the Simulation Software Market:

1. Increasing Adoption of Cloud-Based Solutions: The widespread adoption of cloud-based simulation software has eliminated the need for expensive hardware infrastructure, enabling businesses of all sizes to leverage its benefits. Cloud-based solutions offer scalability, flexibility, and ease of use, thus driving market growth.

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2. Rising Need for Virtual Testing and Prototyping: The ability to simulate and test designs virtually before making substantial investments in physical prototypes has become crucial for companies. Simulation software provides a cost-effective solution for accurate virtual testing, reducing time-to-market and ensuring optimal product performance.

3. Advancements in Artificial Intelligence and Machine Learning: Integrating artificial intelligence (AI) and machine learning (ML) algorithms in simulation software has opened doors to advanced modeling capabilities. These technologies enhance predictive accuracy, enable autonomous decision-making, and significantly improve the overall efficiency of simulations.

4. Increasing Demand from Manufacturing and Automotive Sectors: The manufacturing and automotive industries are witnessing a surge in demand for simulation software. From process optimization to product design and testing, simulation software is vital in enhancing operational efficiency and reducing costs for organizations in these sectors.

Download the Sample Report to analyze the Drivers and Restraints of the Simulation Software Market! https://www.futuremarketinsights.com/reports/sample/rep-gb-15521

Key Takeaways from the Simulation Software Market:

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  • Exploring the potential of the simulation software market, the United States experienced a global value share of 19.7% in 2022.
  • The growth in the simulation software market of India in the latest period is calculated to have a CAGR of 13.2%.
  • The simulation software market growth has been predicted to propel from a CAGR of 6.8% in 2018 to 2022 to a CAGR of 8.9% in 2023 to 2033.
  • The market value was estimated to be 8.7% in Germany in 2022.
  • The CAGR for China’s simulation software market was approximated at 7.6% in 2023.

Industry Rivals: Examining the Competitive Landscape

The escalating utilization of simulation in the aerospace and military sectors has stimulated the demand for environmentally sustainable work environments. Furthermore, the automotive and healthcare industries have witnessed a significant surge in the adoption of simulation software, acting as the primary drivers propelling the global simulation software market’s growth. However, concerns regarding data security pose limitations to the expansion of the computer simulation market throughout the projected period. As the complexity of product development increases, along with the escalating risks and consequences of failure, the adoption of simulation is anticipated to rise. Consequently, the existing level of simulation employment signifies promising prospects for advancement across various industries worldwide.

Key Market Competitors: Analyzing Their Offerings and Market Position

  1. Altair Engineering
  2. The AnyLogic Company
  3. SimScale GmbH
  4. ESI Group
  5. Autodesk Inc.
  6. Siemens
  7. Kumux
  8. Simufact Engineering

Unlock Exclusive Insights: Purchase Now and Get Access to the Industry Rivals Report and Competitive Dashboard at a Discounted Price! https://www.futuremarketinsights.com/checkout/15521

Market Developments Include:

  • April 2023 – ESI Group, a global provider of simulation and virtual prototyping software for the industry, announced the sale of SYSTUS software and related engineering services to
  • May 2023 – Altair announced the release of new updates to its simulation portfolio, Simulation 2022.3. These improvements build on Simulation 2022.2’s advancements, focusing on cloud collaboration and computing, fast end-to-end simulation workflows, and enhanced design development with AI-powered simulation.

Segmentation Analysis of the Simulation Software Market

By Component:

  • Software
  • On-premises based
  • Cloud-based
  • Services
  • Consultancy
  • Training
  • Others

By End-use Industry:

  • Automotive
  • Aerospace & Defence
  • Healthcare
  • Semiconductor
  • AEC

By Region:

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA

Have a Look at the Related Reports of the Technology Domain:

MEA Enterprise Software Market Size – The MEA enterprise software market revenue totalled US$ 7,727.9 Million in 2021. The EIA market is expected to reach US$ 13,791.4 Million by 2032, growing at a CAGR of 5.5% from 2022 to 2032.

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Survey and Feedback Management Software Market Share – The survey and feedback management software market is garnering substantial momentum and is anticipated to record a CAGR of 16.5% during the forecast period.

Simulation and Test Data Management Market Trends – The global simulation and test data management market is estimated at US$ 676.2 million in 2023. The market is projected to reach US$ 2,074.1 million by 2033, exhibiting a CAGR of 12.1% from 2023 to 2033.

Motion Simulation Market Growth – The motion simulation market is expected to grow at a sturdy CAGR of 10.8% during the forecast period. By 2032, the market is expected to reach a valuation of US$ 56750 million.

Software Defined Radio (SDR) Market Demand – Software Defined Radio (SDR), now being an industry standard, is used widely in next-generation Maritime Mobile Coastal Batteries, which facilitate high-speed data and secure voice communication with anti-jamming capability.

Software Defined Application And Infrastructure Market Analysis – Global Software Defined Application and Infrastructure Market demand was valued at US$ 28.82 Billion in 2021, and is projected to reach US$ 35.16 Billion by the end of 2022. From 2022 to 2032, the market is expected to expand at a 21.7% CAGR, poised to be valued at US$ 250.58 Billion.

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Software Distribution Market Outlook – The global software distribution market is expected to grow at a CAGR of 12.3% during the period 2022-2032. The market is valued at US$ 123 billion as of 2022, and by 2032, the market is expected to reach a valuation of US$ 392.38 billion.

Software Defined Networking Market Type – Software-Defined Networking Market analysis report by Future Market Insights shows that global sales of the Software-Defined Networking Market in 2021 were held at US$ 16 Billion. With the projected market growth of 17.2% from 2022 to 2032

Software Defined Perimeter (SDP) Market Overview – The current valuation of the Software Defined Perimeter (SDP) market in 2022 is US$ 8.25 billion and it is projected to grow at a modest CAGR of 13% during the forecast period to reach a market value of US$ 28 billion by 2032.

Coaxial Cable Market Forecast – The global coaxial cable market net worth is expected to rise at a mild rate of 3% per year to US$ 45 Billion by 2032.

About Future Market Insights, Inc.

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

Contact Us:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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For Sales Enquiries: [email protected]

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

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Complyport’s new AI tool – ViCA.Chat – set to revolutionise compliance support services

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LONDON, June 14, 2024 /PRNewswire/ — ViCA.Chat, the Virtual Compliance Assistant powered by AI technology, is set to transform regulatory compliance consulting. Developed by ComplyMAP Group’s AI engineers and Complyport’s compliance consulting teams, ViCA redefines compliance support services and propels governance, risk and compliance consulting into a new era of innovation. 

Offering real-time assistance across a vast array of UK and EU regulatory frameworks, ViCA delivers unparalleled efficiency, detail and precision in disentangling and dealing with complicated regulatory frameworks.
The key differentiator of ViCA is its specialised and purposely constructed unique databases that leverage Complyport’s 22 years of regulatory expertise, combined with tailored AI training tools, enabling ViCA to operate as an experienced compliance consultant. A dedicated human support team continuously improves and updates ViCA’s knowledge and responses through a feedback loop process and quality assurance sessions. This powerful symbiosis of AI and human expertise sets ViCA apart and ensures businesses have the latest regulatory information instantaneously and seamlessly.
As a result, ViCA’s specialised regulatory database goes beyond readily available online resources which feature into traditional AI tools. ViCA offers exclusive insights, proprietary regulatory interpretations, historical data, bespoke and purposely structured compliance documentation and templates. With advanced scraping capabilities, ViCA also extracts relevant data from selected websites and publicly available information, ensuring an up-to-date and comprehensive understanding of compliance requirements across industries.
From agile fintech startups to established law firms, financial institutions, regulatory bodies, insurance providers, as well as compliance consultants, ViCA seamlessly adapts to unique compliance needs. Its user-friendly interface ensures navigating and analysing regulatory data is swift and intuitive, streamlining the compliance workflow.
“ViCA is a game-changer in how regulatory compliance advice will be provided in the future”, commented Luis Parra, Managing Director of ViCA. “With ViCA, compliance insights become available to all. No longer are regulated firms and responsible people overly dependent on advisors and compliance consultants. Through ViCA, the financial system will not only meet but exceed regulatory standards. Moreover, the level of information made available to the public will benefit society as a whole, in its interactions with the financial services sector.”
Among ViCA’s revolutionary features is its cost-effective model, allowing businesses to significantly reduce reliance on traditional spending with external consultants and advisors.
Visit ViCA.Chat to experience the future of compliance support.
Contact:
Name: Luis ParraTitle: Managing DirectorCompany: Vica.ChatTelephone: +44 20 7399 4980 Email: [email protected]
About ViCA.Chat:
ViCA.Chat is a revolutionary Virtual Compliance Assistant powered by cutting-edge AI technology, designed to demystify the complexities of regulatory compliance. Utilising Complyport’s 22 years of regulatory expertise, ViCA offers real-time assistance and guidance across a wide range of regulatory frameworks, setting a new standard for efficiency and precision in compliance support. From fintech start-ups to established law firms, financial services institutions, regulators, regulatory firms, compliance consultants and insurance firms, ViCA caters to the diverse needs of professionals across all levels in the broader UK financial services sector.
Visit ViCA.Chat to learn more.
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LoRa and LoRaWAN IoT Market worth $32.7 billion by 2029- Exclusive Report by MarketsandMarkets™

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CHICAGO, June 14, 2024 /PRNewswire/ — The LoRa and LoRaWAN IoT Market is expected to reach USD 32.7 billion by 2029 from USD 8.0 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 32.4 % during 2024–2029, according to a new report by MarketsandMarkets™.

Browse in-depth TOC on “LoRa and LoRaWAN IoT Market”
320 – Tables 58 – Figures294 – Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=144298529
Scope of the Report
Report Metrics
Details
Market size available for years
2018-2029
Base year considered
2023
Forecast period
2024–2029
Forecast units
Value (USD Billion)
Segments Covered
Offering, Network Deployment, Application, End User, and Region
Region covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
List of Companies in LoRa and LoRaWAN IoT
The Bosch Group (Germany),  Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US).
The LoRaWAN ecosystem influences development of tools, software libraries, and cloud-based platforms that streamline the creation, deployment, and management of IoT solutions. Continuously evolving, this ecosystem boasts a burgeoning array of vendors providing LoRa-compliant devices, gateways, and network management solutions. This vibrant competition within the ecosystem propels innovation while driving down costs for end-users. Moreover, the development of interoperable solutions fosters seamless integration and deployment of LoRaWAN networks, simplifying the implementation process for businesses and organizations. As the ecosystem continues to expand and mature, it empowers developers, system integrators, and IoT enthusiasts to unleash their creativity, accelerate time-to-market, and unlock the full potential of LoRaWAN technology in diverse applications and industries.
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Based on network deployment, the public network segment to hold the largest market size during the forecast period.
The robust security features integrated into public LoRaWAN networks play a significant role in driving the growth and adoption of LoRaWAN technology in the market. End-to-end encryption ensures that data transmitted between devices and gateways is protected from unauthorized access or interception, safeguarding sensitive information such as sensor readings, location data, and command messages. Message integrity checks verify the integrity of data packets, detecting any tampering or alteration during transmission and ensuring data authenticity and reliability. Additionally, mutual authentication mechanisms establish trust between devices and gateways, verifying the identity of both parties before allowing communication to occur. These security measures provide organizations and end-users with confidence in the integrity and confidentiality of their data, mitigating concerns related to data privacy, cybersecurity threats, and regulatory compliance. As a result, implementing robust security features in public LoRaWAN networks enhances trust and credibility in the technology, driving increased adoption and market growth as organizations seek reliable and secure connectivity solutions for their IoT deployments.
By offering, the services segment is expected to hold a higher growth rate during the forecast period.
IoT service providers are pivotal in driving adoption by developing vertical-specific solutions finely tuned to the distinct needs of industries like agriculture, healthcare, logistics, and smart cities. In agriculture, for instance, IoT services offer solutions for precision farming, crop monitoring, and livestock management, enabling farmers to optimize irrigation, monitor soil health, and enhance yields. Similarly, IoT services facilitate remote patient monitoring, asset tracking, and inventory management in healthcare, improving patient care, reducing costs, and ensuring compliance with regulatory standards such as HIPAA. In logistics, IoT services provide real-time tracking of shipments, fleet management, and predictive maintenance, enhancing supply chain visibility, efficiency, and reliability. For smart cities, IoT services offer solutions for traffic management, waste management, energy optimization, and public safety, transforming urban infrastructure and enhancing the quality of life for residents. By addressing industry-specific challenges, compliance requirements, and use cases, vertical-specific IoT solutions deliver tangible business value, driving adoption and fueling the growth of the IoT services market across diverse sectors.
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Asia Pacific is expected to hold a higher growth rate during the forecast period.
In the Asia Pacific region, where agriculture serves as a cornerstone of many economies, adopting IoT technologies, particularly LoRa and LoRaWAN, is revolutionizing traditional farming practices. LoRaWAN’s long-range connectivity and low-power consumption make it well-suited for deployment in rural agricultural settings, where access to reliable connectivity may be limited. Through LoRa-based IoT solutions, farmers can implement precision agriculture techniques to address pressing challenges such as water scarcity, soil degradation, and unpredictable weather patterns. LoRa-enabled sensors facilitate real-time monitoring of soil moisture levels, temperature, and humidity, allowing farmers to optimize irrigation schedules and conserve water resources. Remote sensing technologies powered by LoRaWAN enable farmers to gather actionable insights on crop health, pest infestations, and nutrient deficiencies, facilitating timely interventions and improving overall crop management practices. Furthermore, LoRa-based crop analytics platforms provide farmers with data-driven decision support tools, helping them optimize planting strategies, improve yield forecasting, and mitigate the impact of climate change on agricultural productivity. By harnessing the power of LoRa and LoRaWAN IoT solutions, farmers in the Asia Pacific region can increase yields, conserve resources, and enhance resilience to environmental challenges, driving the adoption and growth of the LoRaWAN IoT market in the agricultural sector.
Top Key Companies in LoRa and LoRaWAN IoT Market:
The major vendors covered in the LoRa and LoRaWAN IoT Market are The Bosch Group (Germany),  Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their footprint in the LoRa and LoRaWAN IoT Market.
Browse Adjacent Markets: Digitalization and Internet of Things (IoT) Market Research Reports & Consulting
Related Reports:
Perimeter Security Market- Global Forecast to 2029
Smart Cities Market – Global Forecast to 2028
Fleet Management Market – Global Forecast to 2028
Smart Water Management Market – Global Forecast to 2028
Rail Asset Management Market – Global Forecast to 2026
Get access to the latest updates on LoRa and LoRaWAN IoT Companies and LoRa and LoRaWAN IoT Industry
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
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Scoring a Seat at UEFA EURO 2024™ with Top-Performing AI-Powered TOSHIBA TV Lineup

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HONG KONG, June 14, 2024 /PRNewswire/ — Football fans are in for a treat as they gear up for UEFA EURO 2024™ with Toshiba TV’s top-performing Gaming TV Z670. As the OFFICIAL TV OF UEFA EURO 2024™, Toshiba TVs present immersive viewing of the football game by their AI-powered TV lineup. To celebrate the brilliant moments it can bring, Toshiba TV are gifting USD100 Amazon Gift Card via their social platform! By simply like, follow and comment on @ToshibaTVGlobal, fans can boost their chances of scoring this prize.

Optimized Visuals Tailored for Football Dynamics
The Toshiba REGZA Engine ZRi in Z670 transports football fans into the heart of the action. With the AI Football Mode, they’ll be able to see fast-moving objects crystal clear and football field actions much enriched. To see their favourite player score that winning goal, the AI Picture Optimizer automatically adjusts visual contrast and precision adapted to the game. From vivid green fields and vibrant player kits, every play comes to life with AI 4K Upscaling and Quantum Dot Color, transforming lower-resolution broadcasts into near-4K quality and unleashing lifelike visual color.
Powerful Audio Effects for a Live Stadium Experience
The Toshiba TV Z670’s powerful audio system makes viewers feel like they’re right in the game. With the REGZA Bass Woofer Pro, Tru Bass Booster, and Dolby Atmos, they’ll experience heart-thumping 3D surround sound that captures the live stadium atmosphere. Whether it’s the roar of the crowd or the intensity of each play, the rich audio brings the excitement of each game right into their room.
Bringing Everyone Together for UEFA EURO 2024™
Available in sizes ranging from 55″ to 85″, Z670 is equipped with a Wide Viewing Angle and Anti-reflection features that ensures a clear picture from all viewing positions with the non-glare panel. Gather everyone for “Brilliant Every Moment” in UEFA EURO 2024™ with Toshiba TV!
Please find the high-resolution TVC here: Link
About Toshiba TV:
With 70+ years of history in TV production, Toshiba TV is known for its exquisite craftsmanship, innovative ideas and groundbreaking inventions. By prioritizing superior image quality and auditory experiences, Toshiba TV sets new standards in entertainment. Toshiba TV stems from the excellence quest of customers, providing the world with responsible products to make the world a better place. Emphasizing attention to product details and technological advancement, Toshiba TV integrates aesthetically pleasing design, quality assurance, and brand reputation to underscore its commitment to authenticity in the actual world and a sincere dedication to its consumers, showcasing Toshiba TV’s long-standing design philosophy and continuous pursuit of product quality.
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