LONDON--(BUSINESS WIRE)--The global offshore structural analysis software market size is poised to grow by USD 217.28 million during 2019-2023, according to a new report by Technavio, progressing at a CAGR of more than 8% during the forecast period.
Read the 123-page research report with TOC on "Offshore structural analysis software Market Analysis Report by end-user (oil and gas, maritime, power generation, and government and defense), and geography (APAC, Europe, North America, MEA, and South America) 2019 - 2023" at: Request a Free Sample Report
The market is driven by the growing demand for cost-effective offshore engineering. In addition, the increasing demand from the oil and gas industry is expected to further boost the growth of the offshore structural analysis software market.
The capital-intensive nature of the global offshore industry makes cost-effectiveness a crucial factor in offshore structural analysis. Thus, the demand for offshore structural analysis software is increasing as it enables enhanced control and provides companies the benefits of cost-effectiveness and better compliance and risk management. Thus, the growing demand for cost-effective offshore engineering will drive the growth of the market during the forecast period.
The oil and gas industry is witnessing rapid growth due to the growth of the world economy. This is fueling the demand for offshore structural analysis software in the oil and gas industry for designing, modeling, and analyzing complex offshore platform structures. Thus, the growing use of this software to improve the performance and efficiency of offshore platform structures will drive the growth of the market during the forecast period.
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The report includes detailed profiles of the leading companies & prominent vendors of the market:
- Bentley Systems Inc.
- BMT Group Ltd.
- Dlubal Software GmbH
- DNV GL AS
- John Wood Group Plc
Market Segmentation by End-User:
The offshore structural analysis software market can be broadly categorized into the following segments:
- Oil and gas
- Power generation
- Government and defense
Key Regions for the Offshore Structural Analysis Software Market:
Featuring a breakdown of region-wise market shares until 2019.
- North America
- South America
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
Market segmentation analysis
- Market definition
Market size and forecast
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
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