Virtual Prototype (VP) Market is Booming with Revenue $861.7 Million By 2025

1. Virtual Prototype (VP) Market is Booming with Revenue $861.7 Million By 2025 “The global virtual prototype (VP) market size is anticipated to reach USD 861.7 million by 2025. It is also expected to register 19.4% CAGR during the forecasted period, 2018 to 2025.” Global “Virtual Prototype (VP) Market” report offers an overview of the market size, share, trends, drivers, and barriers with respect to the Virtual Prototype (VP) Industry. Latest report on the global Virtual Prototype (VP) market is a compilation of key market insights and discusses key market dynamics such as drivers, restraints, and opportunities at length. It also provides a comprehensive overview of the market of different regions across North America, Europe, Asia Pacific, South America, Africa and Others. The Virtual Prototype (VP) Market report discusses the primary industry growth drivers and challenges that the vendors and the market as a whole face and provides an overview of the key trends emerging in the market. It also talks about the market size of different segments and their growth aspects along with key leading countries in Americas, Asia- Pacific, Europe, the Middle East, and Africa regions. Significant Features that are under Offering and Key Highlights of the Reports: • Detailed overview of Virtual Prototype (VP) Market • Changing market dynamics of the Virtual Prototype (VP) industry • In-depth market segmentation by Type, Application etc • Historical, current and projected market size in terms of volume and value • Recent Virtual Prototype (VP) Virtual Prototype (VP) industry trends and developments • Competitive landscape of Virtual Prototype (VP) Market • Strategies of key players and product offerings Request Sample Copy of This Market Research @ https://www.millioninsights.com/industry-reports/global-virtual-prototype-vp-market/request-sample

2. The global virtual prototype (VP) market size is anticipated to reach USD 861.7 million by 2025. It is also expected to register 19.4% CAGR during the forecasted period, 2018 to 2025. This growth can be attributed to rapid advances being carried out across technologies like simulation, product designing, and virtual reality. Also, benefits like low production cost and enhancement in product quality are further expected to drive the demand for VP tools across the globe. The on-premise deployment segment held highest share of 65.0% across the global market in 2017 due to increasing demand for maintaining the confidentiality of the design or product model by several organizations. While the segment of cloud- based deployment is projected to register substantial growth due to increasing demand for VPs by SMEs to reduce infrastructure and operational costs. In 2017, the automotive vertical segment held the largest share of 34.0% across the globe on account of the rising adoption of VP tools by car manufacturers and OEMs to enhance manufacturing, designing, and operational efficiency. On the other hand, the consumer electronics segment is also expected to witness significant growth during the forecasted years, 2018 to 2025. North America held the largest share of 33.7% across the global market in 2017 due to the increasing adoption of CAD tools across well established automotive and aviation industries across this region. The Asia Pacific is anticipated to emerge as the fastest-growing region due to rising development across sectors like automotive manufacturing and consumer electronics in developing countries such as China and Japan. The virtual prototype market includes key players such as Synopsys, Inc.; Autodesk Inc.; Encore; PTC; Siemens PLM Software; and Arm Limited. They are investing hugely in R&Ds for carrying out product development and innovation to widen their product usage and to gain competitive advantage over other players. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/global-virtual-prototype-vp-market Further key findings from the report suggest: • In 2017, the on-premise segment dominated the market and accounted for 65.0% share across the globe. • The automotive vertical segment held the largest share of 35% across the globe in 2017.

3. • Asia Pacific is expected to witness highest growth across the global virtual prototypes market during the forecasted years, 2018 to 2025. • The key players in this market are Synopsys, Inc.; Autodesk Inc.; Encore; PTC; Siemens PLM Software; and Arm Limited. Million Insights has segmented the global virtual prototype market on the basis of tool, deployment, vertical, and region: Virtual Prototype Tool Outlook (Revenue, USD Million, 2015 - 2025) • Computer-aided Design (CAD) • Computer-aided Engineering (CAE) • Computer-aided Manufacturing (CAM) • Computational Fluid Dynamic (CFD) • Finite Element Analysis (FEA) Virtual Prototype Deployment Outlook (Revenue, USD Million, 2015 - 2025) • Cloud-based • On-premise Virtual Prototype Vertical Outlook (Revenue, USD Million, 2015 - 2025) • Aerospace • Automotive • Healthcare • Consumer Electronics • Telecom • Others Virtual Prototype Regional Outlook (Revenue, USD Million, 2015 - 2025) • North America • U.S.

4. • Canada • Mexico • Europe • U.K. • Germany • France • Spain • Italy • Asia Pacific • India • China • Japan • South Korea • RoW • Brazil • MEA See More Reports of this Category by Million Insights @ https://www.millioninsights.com/industry/computing-and-technology Get in touch At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions. Contact Person: Ryan Manuel Research Support Specialist, USA Email: ryan@millioninsights.com Global Headquarters Million Insights 410 E Santa Clara Street, Unit #1008 San Jose,CA 95113, United States Phone: 1-408-610-2300 Email: sales@millioninsights.com Asia Pacific Million Insights Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India Phone: 91-8956380892