Multiphysics Software Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Multiphysics software is used to investigate coupled processes or systems that are involved in multiple physical disciplines at the same time, as well as research investigations. End-users can utilize multiphysics software to organize the structural model at any time. It achieves simplicity by using functional form, structure, and aesthetics to model complicated realities. Multiphysics simulations are used in computational science and engineering for a variety of purposes, including aircraft design and medicinal treatments.
MARKET DYNAMICS
The global multiphysics software market is primarily driven by rising demand for lab automation. This is primarily due to researchers' and scientists' desire to use the most up-to-date laboratory systems and accessories to achieve optimum efficiency. In recent years, the market has grown due to favorable conditions from numerous governments about grant funding for the acquisition of high-quality multiphysics software. Research in the fields of chemistry and physics are also helping to better possibilities in this subject.
MARKET SCOPE
The "Global Multiphysics Software Market Analysis To 2028" is a specialized and in-depth study of the technology, media, and telecommunications industry with a special focus on global market trend analysis. The multiphysics software market report aims to provide an overview of the multiphysics software market with detailed market segmentation by component, application, and geography. The global multiphysics software market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading multiphysics software market player and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global multiphysics software market is segmented based on component, application. Based on the component, the multiphysics software market is segmented into software, services. Based on application, the multiphysics software market is segmented into schools, research institutes, engineering and construction, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global multiphysics software market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The multiphysics software market by each region is later sub-segmented by respective countries and segments. The multiphysics software market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the multiphysics software market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the multiphysics software market in these regions.
IMPACT OF COVID-19 ON MULTIPHYSICS SOFTWARE MARKET
The impact of the COVID-19 pandemic on the market is covered throughout the report. The pandemic has had a positive impact on the multiphysics software market. Many companies now operate their businesses on online platforms due to the lockdown conditions; more companies are adopting video as a service. Therefore, the demand for multiphysics software is increasing during COVID-19 and is also set to increase during the forecast period.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global multiphysics software market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The multiphysics software market by each region is later sub-segmented by respective countries and segments. The multiphysics software market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the multiphysics software market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the multiphysics software market in these regions.
IMPACT OF COVID-19 ON MULTIPHYSICS SOFTWARE MARKET
The impact of the COVID-19 pandemic on the market is covered throughout the report. The pandemic has had a positive impact on the multiphysics software market. Many companies now operate their businesses on online platforms due to the lockdown conditions; more companies are adopting video as a service. Therefore, the demand for multiphysics software is increasing during COVID-19 and is also set to increase during the forecast period.
MARKET PLAYERS
The reports cover key developments in the multiphysics software market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from multiphysics software market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the multiphysics software market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the multiphysics software market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- COMSOL
- Dassault Systèmes
- ANSYS, Inc
- LiuRG@MTU
- Altair Engineering, Inc.
- MATLAB
- Siemens
- ESI Group
- IronCAD, LLC.
- ElectroMagneticWorks, Inc.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
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Segment Covered
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Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
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Country Scope
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1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Multiphysics Software Market - By Component
1.3.2 Multiphysics Software Market - By Application
1.3.3 Multiphysics Software Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MULTIPHYSICS SOFTWARE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. MULTIPHYSICS SOFTWARE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. MULTIPHYSICS SOFTWARE MARKET - GLOBAL MARKET ANALYSIS
6.1. MULTIPHYSICS SOFTWARE - GLOBAL MARKET OVERVIEW
6.2. MULTIPHYSICS SOFTWARE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MULTIPHYSICS SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. SOFTWARE
7.3.1. Overview
7.3.2. Software Market Forecast and Analysis
7.3.3. Cloud Market
7.3.3.1. Overview
7.3.3.2. Cloud Market Forecast and Analysis
7.3.4. On-premise Market
7.3.4.1. Overview
7.3.4.2. On-premise Market Forecast and Analysis
7.4. SERVICES
7.4.1. Overview
7.4.2. Services Market Forecast and Analysis
7.4.3. Managed Services Market
7.4.3.1. Overview
7.4.3.2. Managed Services Market Forecast and Analysis
7.4.4. Professional Services Market
7.4.4.1. Overview
7.4.4.2. Professional Services Market Forecast and Analysis
8. MULTIPHYSICS SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. SCHOOLS
8.3.1. Overview
8.3.2. Schools Market Forecast and Analysis
8.4. RESEARCH INSTITUTES
8.4.1. Overview
8.4.2. Research Institutes Market Forecast and Analysis
8.5. ENGINEERING AND CONSTRUCTION
8.5.1. Overview
8.5.2. Engineering and Construction Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. MULTIPHYSICS SOFTWARE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Multiphysics Software Market Overview
9.1.2 North America Multiphysics Software Market Forecasts and Analysis
9.1.3 North America Multiphysics Software Market Forecasts and Analysis - By Component
9.1.4 North America Multiphysics Software Market Forecasts and Analysis - By Application
9.1.5 North America Multiphysics Software Market Forecasts and Analysis - By Countries
9.1.5.1 United States Multiphysics Software Market
9.1.5.1.1 United States Multiphysics Software Market by Component
9.1.5.1.2 United States Multiphysics Software Market by Application
9.1.5.2 Canada Multiphysics Software Market
9.1.5.2.1 Canada Multiphysics Software Market by Component
9.1.5.2.2 Canada Multiphysics Software Market by Application
9.1.5.3 Mexico Multiphysics Software Market
9.1.5.3.1 Mexico Multiphysics Software Market by Component
9.1.5.3.2 Mexico Multiphysics Software Market by Application
9.2. EUROPE
9.2.1 Europe Multiphysics Software Market Overview
9.2.2 Europe Multiphysics Software Market Forecasts and Analysis
9.2.3 Europe Multiphysics Software Market Forecasts and Analysis - By Component
9.2.4 Europe Multiphysics Software Market Forecasts and Analysis - By Application
9.2.5 Europe Multiphysics Software Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Multiphysics Software Market
9.2.5.1.1 Germany Multiphysics Software Market by Component
9.2.5.1.2 Germany Multiphysics Software Market by Application
9.2.5.2 France Multiphysics Software Market
9.2.5.2.1 France Multiphysics Software Market by Component
9.2.5.2.2 France Multiphysics Software Market by Application
9.2.5.3 Italy Multiphysics Software Market
9.2.5.3.1 Italy Multiphysics Software Market by Component
9.2.5.3.2 Italy Multiphysics Software Market by Application
9.2.5.4 United Kingdom Multiphysics Software Market
9.2.5.4.1 United Kingdom Multiphysics Software Market by Component
9.2.5.4.2 United Kingdom Multiphysics Software Market by Application
9.2.5.5 Russia Multiphysics Software Market
9.2.5.5.1 Russia Multiphysics Software Market by Component
9.2.5.5.2 Russia Multiphysics Software Market by Application
9.2.5.6 Rest of Europe Multiphysics Software Market
9.2.5.6.1 Rest of Europe Multiphysics Software Market by Component
9.2.5.6.2 Rest of Europe Multiphysics Software Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Multiphysics Software Market Overview
9.3.2 Asia-Pacific Multiphysics Software Market Forecasts and Analysis
9.3.3 Asia-Pacific Multiphysics Software Market Forecasts and Analysis - By Component
9.3.4 Asia-Pacific Multiphysics Software Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Multiphysics Software Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Multiphysics Software Market
9.3.5.1.1 Australia Multiphysics Software Market by Component
9.3.5.1.2 Australia Multiphysics Software Market by Application
9.3.5.2 China Multiphysics Software Market
9.3.5.2.1 China Multiphysics Software Market by Component
9.3.5.2.2 China Multiphysics Software Market by Application
9.3.5.3 India Multiphysics Software Market
9.3.5.3.1 India Multiphysics Software Market by Component
9.3.5.3.2 India Multiphysics Software Market by Application
9.3.5.4 Japan Multiphysics Software Market
9.3.5.4.1 Japan Multiphysics Software Market by Component
9.3.5.4.2 Japan Multiphysics Software Market by Application
9.3.5.5 South Korea Multiphysics Software Market
9.3.5.5.1 South Korea Multiphysics Software Market by Component
9.3.5.5.2 South Korea Multiphysics Software Market by Application
9.3.5.6 Rest of Asia-Pacific Multiphysics Software Market
9.3.5.6.1 Rest of Asia-Pacific Multiphysics Software Market by Component
9.3.5.6.2 Rest of Asia-Pacific Multiphysics Software Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Multiphysics Software Market Overview
9.4.2 Middle East and Africa Multiphysics Software Market Forecasts and Analysis
9.4.3 Middle East and Africa Multiphysics Software Market Forecasts and Analysis - By Component
9.4.4 Middle East and Africa Multiphysics Software Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Multiphysics Software Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Multiphysics Software Market
9.4.5.1.1 South Africa Multiphysics Software Market by Component
9.4.5.1.2 South Africa Multiphysics Software Market by Application
9.4.5.2 Saudi Arabia Multiphysics Software Market
9.4.5.2.1 Saudi Arabia Multiphysics Software Market by Component
9.4.5.2.2 Saudi Arabia Multiphysics Software Market by Application
9.4.5.3 U.A.E Multiphysics Software Market
9.4.5.3.1 U.A.E Multiphysics Software Market by Component
9.4.5.3.2 U.A.E Multiphysics Software Market by Application
9.4.5.4 Rest of Middle East and Africa Multiphysics Software Market
9.4.5.4.1 Rest of Middle East and Africa Multiphysics Software Market by Component
9.4.5.4.2 Rest of Middle East and Africa Multiphysics Software Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Multiphysics Software Market Overview
9.5.2 South and Central America Multiphysics Software Market Forecasts and Analysis
9.5.3 South and Central America Multiphysics Software Market Forecasts and Analysis - By Component
9.5.4 South and Central America Multiphysics Software Market Forecasts and Analysis - By Application
9.5.5 South and Central America Multiphysics Software Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Multiphysics Software Market
9.5.5.1.1 Brazil Multiphysics Software Market by Component
9.5.5.1.2 Brazil Multiphysics Software Market by Application
9.5.5.2 Argentina Multiphysics Software Market
9.5.5.2.1 Argentina Multiphysics Software Market by Component
9.5.5.2.2 Argentina Multiphysics Software Market by Application
9.5.5.3 Rest of South and Central America Multiphysics Software Market
9.5.5.3.1 Rest of South and Central America Multiphysics Software Market by Component
9.5.5.3.2 Rest of South and Central America Multiphysics Software Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. MULTIPHYSICS SOFTWARE MARKET, KEY COMPANY PROFILES
11.1. COMSOL
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. DASSAULT SYSTèMES
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. ANSYS, INC
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. LIURG@MTU
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. ALTAIR ENGINEERING, INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MATLAB
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SIEMENS
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. ESI GROUP
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. IRONCAD, LLC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. ELECTROMAGNETICWORKS, INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.COMSOL
2.Dassault Systèmes
3.ANSYS, Inc
4.LiuRG@MTU
5.Altair Engineering, Inc.
6.MATLAB
7.Siemens
8.ESI Group
9.IronCAD, LLC.
10.ElectroMagneticWorks, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.