SIMULATION AND TEST DATA MANAGEMENT MARKET ANALYSIS

Simulation and Test Data Management Market, by Component type (Software by Deployment type (On-premise, Hosted), Service), by Vertical (Automotive, Architecture & Construction, Consumer Goods and Retail, Aerospace and Defense, Energy and Utility, Medical and Others ), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

Published In : Feb 2020
Code : CMI3515
Pages :130
Formats :
Excel and PDF
Industry : Information and Communication Technology

Simulation And Test Data Management MarketSize and Trends

The global Simulation and Test Data Management Market is estimated to account for US$ 215.7 Mn in terms of value and is expected to grow at CAGR of 12.5% for the period 2019-2027

Market Trends

Major companies are offering TDM and SDM applications via cloud platform

Increasing number of companies are providing simulation data management software and test data management software enabled through the cloud so as to make these platforms compatible with future big data systems and existing big data analytics platforms. The model also makes the technology feasible for mid-size and small size manufacturers who do not require to invest in their existing infrastructural capabilities to use these services though it can use SDM and TDM applications enabled through the cloud.

Providing data management services through hybrid cloud model

Many data management service providers are focused on integrating hybrid cloud model. For instance, in May 2016, Informatica provided its TDM applications with the help of hybrid cloud through – Vive, virtual data machine (VDM) – which runs on both Informatica cloud and Informatica’s on premise power center. This is a trend and its adoption is expected to increase significantly over the next five years.