Simulation Software Market to Reach $57.5 Billion, by 2032 at 13.4% CAGR: Allied Market Research [Yahoo! Finance]
Altair Engineering Inc. - Class A (ALTR)
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Source: Yahoo! Finance
NEW CASTLE, Delaware, March 12, 2024 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, “ Simulation Software Market by Component (Software and Service), Deployment Mode (On-premise and Cloud), and End Use (Automotive, Aerospace & Defense, Semiconductor & Electronics, Healthcare, AEC, and Others): Global Opportunity Analysis and Industry Forecast, 2022-2032.” According to the report, the simulation software industry generated $16.9 billion in 2022, and is projected to reach at $57.5 billion by 2032, witnessing a CAGR of 13.4% from 2023 to 2032. Prime determinants of growth Increase in demand for ecofriendly work environment, rise in use of simulation software in automotive and healthcare industries, significant adoption of simulation in the aerospace & defense industry act as the key driving forces of the global simulation software market. Further, surge in number of small and medium enterprises is anticipated to drive the growth of global simulation software
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- Altair Announces First Quarter 2024 Financial Results [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Altair Announces First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Altair Announces First Quarter 2024 Financial ResultsGlobeNewswire
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