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According to a new report North America Simulation Software Market, published by KBV Research, the North America Simulation Software Market would witness market growth of 13.8% CAGR during the forecast period (2019-2025).
The US market is one of the major markets in the North America On-premise Simulation Software Market by Country 2018, and would continue to be a dominant market till 2025. The Canada market would grow at a CAGR of 15.9% during (2019 - 2025). Additionally, The Mexico market is experiencing growth rate of14.9% during (2019 - 2025).
The Software (Without Services) market would dominate the Canada Simulation Software Market by Component till 2025; growing at a CAGR of 15.4 % during the forecast period. The Services market is anticipated to witness a CAGR of 18.9% during (2019 - 2025).
The Electrical & Electronics market dominated the Mexico Simulation Software Market by Vertical 2018, thereby, achieving a market value of $130 million by 2025. The Automotive market showcases prominent growth rate of 14.5% during (2019 - 2025). Additionally, The Aerospace & Defense market is expected to witness highest CAGR of 16.4% during (2019 - 2025).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the mentioned countries. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Altair Engineering, Inc., ANSYS, Inc., Autodesk, Inc., Bentley Systems, Inc., Dassault Systemes SE, Hexagon AB, The MathWorks, Inc., PTC, Inc., Siemens AG and Synopsys, Inc.
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