According to MarketsandMarkets, the simulation software industry is estimated to be worth north of $18 billion as of 2023. This number is going to increase exponentially as AI and big data become more and more a part of the fabric of society. It is projected that the market will reach in excess of $33 billion by 2028.
Straits Research estimates the 3D simulation market to be worth $14.5 billion (2023) and expects it to reach $52 billion by 2032.
Simulation software is something used by businesses of all sizes. It helps in the making of strategic decisions for a company’s future. It is used across many verticals and will be connected to the evolution in AI and, beyond that, quantum computing. Simulation tracks many dynamic variables that play out over time and can help lead to better decision making and proper allocation of capital to aid in the progression of a business.