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Global Offshore Structural Analysis Software Market To Reach US$ 818.1 Mn By 2026 - TMR

11-19-2021 05:08 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: TMR

According to a new market report published by Transparency Market Research, the global offshore structural analysis software market is projected to reach US$ 818.1 Mn by 2026. The market is expected to expand at a CAGR of 6.3% during the forecast period from 2018 to 2026. Furthermore, software is expected to account for highest market share in the year 2018 due to rising demand for cloud based engineering software that provides greater ease, storage, and security. Asia Pacific is anticipated to lead the global offshore structural analysis software market during the forecast period, followed by North America, Europe, Middle East & Africa, and South America.

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Today many industries face a unique set of challenges in an increasingly competitive marketplace. 3D designing plays a crucial role in various sectors. 3D technology can help with the toughest engineering problems. 3D software helps to build innovative designs and drives business. 3D design technology enables the rapid transformation of new ideas into great products. 3D experience platforms for offshore help enhance how offshore structures are designed and built. 3D modular design enables companies of any size to design the exact type of system that meets their workload and workflow requirements. For instance, Intergraph, an American software development and services company offers a full suite of solutions of all the capabilities required to build and design different types of marine assets. The company’s 3D offshore software boosts production flexibility and reduces the time taken to design and construct world-class facilities.

The global offshore structural analysis software market has been segmented based on component, end-use industry, and geography. Based on component, the market is segmented into software and services.

Asia Pacific led the global offshore structural analysis software market, accounting for substantial share in 2017.China is the major market for offshore structural analysis software in the region. Offshore structural analysis software is also gaining popularity in other Asian countries such as Indonesia and South Korea.The market in North America, Europe, Middle East & Africa, and South America is expected to expand at a rapid pace during the forecast period.

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The research study includes profiles of leading companies operating in the global offshore structural analysis software market. Key players profiled in the report include DNV GL AS, John Wood Group PLC, Ramboll Group A/S, Stewart Technology Associates, Viking Systems, Inc., Zebec Marine Consultant and Services, Dlubal Software GmbH, Baker Engineering and Risk Consultants, Inc., Bentley Systems Inc., and BMT Group Ltd.

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

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Email: sales@transparencymarketresearch.com

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