ACCESS Newswire
13 Apr 2021, 19:35 GMT+10
Increasing focus on advanced technology to provide time-efficient and better solution within various end-use sectors such as automotive, healthcare and defense is enabling sales.
DUBAI, UAE / ACCESSWIRE / April 13, 2021 / Integration of data science to foster artificial intelligence or AI-driven software and solutions with cloud model deployment model & technology is expected to drive the simulation and test data management market through 2021 and beyond, as per the ESOMAR-certified consulting firm Future Market Insights.
The design of cost-effective simulation models and stable operating testing across various end-use industries such as automotive, aerospace & defense, healthcare and other is providing impetus to the market. The demand from aerospace & defense industry for advanced internet and cloud solution is accelerating the sales of simulation & test data management.
Product innovation and inorganic investments in technology & innovation across countries such as India and United States is expected to create lucrative growth opportunities for manufacturers. Soaring demand for software and solution that provide advanced data analytics technologies to protect from data theft is boosting the demand for simulation and test data management. Integration of the Internet of Thinking (IoT), machine learning, and artificial intelligence across various industries is positively impacting growth. .
'Penetration of data science, IoT, Artificial Intelligence among various sectors such as automotive, aerospace & defense, healthcare is likely to provide growth opportunities to the market players in upcoming years,' remarks the FMI analyst.
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Key Takeaways
Prominent Drivers
Key Restraints
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Competitive Landscape
Siemens AG, ANSYS Inc., Dassault Systemes SE, HBK- Hottinger, Burel & Kjaer, Hexagon AB, Instron, Zwick Roell Group, Dewesoft, ESI Group, DynamicSignals LLC, and FEV Europe GmbH are some of the leading companies profiled by FMI. Adoption of data science, product innovation and strategic collaboration among key players are the focus area for the market players to increase their revenue. Leading companies are rigorously working towards providing updated solutions & services to cater the demand for new technology among the industries.
For instances, in 2020, Dassault Systemes and Bouygues Construction announced the collaboration of to launch the 3Dexperiennce platform on the cloud to drive its business transformation with the aim to accelerate the company's revenue and productivity for the upcoming projects.
Also, on April 8th 2021, Siemens limited and Switch Mobility Automotive Ltd., announced a joint venture to contribute and further the E-mobility solutions for commercial vehicles by providing charging infrastructure technology and charging infrastructure management software solution to enhance the energy-efficient operations.
More Insights on FMI's Simulation and Test Data Management Market
Future Market Insights provides a latest report on global simulation and test data management market, evaluating historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to gain a better perspective of the global market potential, its growth, trends, and challenges, the market is segmented on the basis of solution (testing systems, test data simulation software, and services), enterprise size (small & medium enterprises and large enterprises), industry (automotive, aerospace & defense, healthcare, building & construction, energy & utilities, electronics & hi-tech, and others), and across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Pacific, and MEA).
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Explore FMI's Extensive Coverage on Technology Domain
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact
Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
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Report: https://www.futuremarketinsights.com/reports/simulation-and-test-data-management-market
Press Release Source: https://www.futuremarketinsights.com/press-release/simulation-and-test-data-management-market
SOURCE: Future Market Insights
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