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The global simulation software market size is expected to grow from an estimated value of USD 12.7 billion in 2020 to USD 26.9 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 13.2% from 2020 to 2026.
The simulation software market is driven by various factors, such as a reduction in production expenses and training costs, the use of advanced technologies for simulation and avoiding the production of faulty products to boost the growth of the simulation software market across the globe during the forecast period. However, complexities in integrating software and increasing data security concerns can hinder the growth.
Global Simulation Software Market Report 2021-2026 - Opportunities in High Spending on Simulation in pharmiweb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pharmiweb.com Daily Mail and Mail on Sunday newspapers.