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SAN FRANCISCO, April 7, 2021 /PRNewswire/ The global simulation software market size is expected
to reach USD 33.9 billion by 2028, according to a new study by Grand View Research, Inc. The market is expected to expand
at a CAGR of 17.1% from 2021 to 2028. Simulation software is being used for training personnel. It is replacing the traditional real-time training techniques, which incurred huge investments annually for companies. The use of simulation for training purposes helps reduce training costs as companies need to make a one-time investment for software implementation.
Key suggestions from the report:
The market is being driven by reduced training costs for personnel in various industries and sectors such as automotive, defense, healthcare, and electrical
Ontracks Consulting, Implementer of IBM Maximo
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