Transparency Market Research states that the competition amongst the players operating in the global simulation software market is likely to intensify. The key companies, Altair Engineering, Inc., SimScale GmbH, The AnyLogic Company, ESI Group, Autodesk Inc., Dassault Systemes, are looking at mergers and acquisitions to create talent pools and benefit from one another’s brand value. For instance, in April 2017, Etteplan, an engineering company from Europe partnered with Mevea, a real-time simulation technology provider for the development of the digital twin solutions. Additionally, it is a home to some of the well-known players from the simulation software domain such as Dessault Systems and ESI Group. According to Transparency Market Research, the global simulation software market is expected to be worth US$16,721.5 mn by the end of 2025. During the forecast period of 2017 and 2025, the global market is expected to surge at a CAGR of 9.33%. On the basis of software, the global...