As manufacturers continue to digitize operations, the market for factory simulation software products is expected to grow 11% annually reaching $4.1 billion in 2030.
This number reflects a projected 172,000 users, according to ABI Research.
“Today, many manufacturing enterprises have started to use simulation software, but most have not yet realized the added benefits of using simulation software as part of a larger smart manufacturing platform or to virtually test other new technologies,” said Nick Finill, principal analyst at ABI Research, in a statement.