Increasing demand for simulation data management software to protect loss of data generated from simulation and test software is the major factor that drives the growth of the global simulation and test data management market.
In addition, increase in efforts to reduce time-to-market the company’s product and need to manage and analyze data generated from simulation and test data management software fuels the growth of the global simulation and test data management market.
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Furthermore, high development cost associated with the implementation of the software and time-consuming process when transferring of large data is involved, hampers the growth of the global simulation and test data management market.
However, reduction of human error in calculation process with the use of software and increase in the adoption of software by SME’s are anticipated to provide the major opportunities in the global simulation and test data management market.
The global simulation and test data management market is segmented based on component, deployment mode, organization size, application, industry vertical and region. In terms of component, the market is bifurcated into solution and services. The solution segment is further sub segmented into web experience management, mobile and social content management, digital marketing management and others.
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The service segmented is further bifurcated into consulting and training. Based on deployment mode the market is segmented into on-premise and cloud. As per organization size, the market is classified into large enterprise and small & medium enterprises.
Based on application, the simulation and test data management market is divided into synthetic test data generation, data sub setting, data compliance and security, data masking, data profiling and analysis, and others. As per industry vertical, the market is categorized into BFSI, retail & agriculture, IT & telecom, education, healthcare and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the global simulation and test data management market analysis are IBM Corporation, MSC Software Corporation, Autodesk Inc., Siemens PLM, ANSYS Software Pvt. Ltd, ESI Group, 3D Software Company, CA Technologies, Dassault Systèmes, and Infosys Limited. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
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