Offshore Structural Analysis Software Market By Component (Software, Services), By End-use (Maritime, Oil & Gas, Power Generation, Government & Defence) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027

The offshore structural analysis software market worldwide is expected to grow with a CAGR of 6.4% during the forecast period from 2019 to 2027, starting from US$ 450.8 Mn in 2018. Growth of oil & gas industry and increasing demand for cost-effective offshore worldwide are driving the offshore structural analysis software market. Growing demand of the software by engineers, contractors and architects has led the market growth. 3D designing, estimation & planning for the projects and others are some of the major benefits of offshore structural analysis software, which are driving the growth of the market. Thus, we expect that the offshore structural analysis software market will show substantial growth during the forecast period.

Oil & Gas Segment to Continue Leading the Market

The offshore structural analysis software market by application is led by oil & gas segment in 2018. The segment has the largest revenue share with contribution of around 40% in the same year. The oil & gas industry will grow at a CAGR of around 7% in years to come. Rising oil & gas industry is the major reason for the growth of the segment. Growing number of oil & gas projects worldwide are helping the segment to grow. As a result, we expect that the oil & gas segment will continue its dominance throughout the forecast period 2019-2027.

Asia Pacific to Continue Leading the Market

In 2018, Asia Pacific leads the offshore structural analysis software market. Asia Pacific contributes around 35% of the revenue share in the same year. Rising oil & gas industry, growing investments for offshore projects and others are the major reasons for the growth of the region. China and India will be the major contributor in the growth of Asia Pacific offshore structural analysis software market. Growing government investments for offshore projects in the aforementioned countries is the major reason of their contribution. Therefore, we expect that Asia Pacific will continue leading the offshore structural analysis software market throughout the forecast period.

Some of the prominent players operating in the offshore structural analysis software market DNV GL AS, John Wood Group PLC, Ramboll group A/S, Stewart technology Associates, Viking Systems, Inc., Zebec Marine Consultants and Services, Dlubal Software GmbH, Baker Enginnering & Risk Consultants Inc., BMT Group Ltd., Bentley Systems Inc. among others.

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The offshore structural analysis software market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global offshore structural analysis software market based on component, end-use and geography. Key segments covered in the report are as follows:

Key questions answered in this report

• What was the market size of offshore structural analysis software in 2018 and forecast up to 2027?
• Which is the largest regional market for offshore structural analysis software?
• What are the major trends followed in overall offshore structural analysis software across different regions?
• Who are the key offshore structural analysis software companies leading the market?
• What are the key strategies adopted by the leading offshore structural analysis software companies in market?
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Unique data points of this report

• Recent trends across different regions in terms of adoption of offshore structural analysis software across various applications
• Notable developments going on in offshore structural analysis software market
• Attractive investment proposition for segments as well as geography
• Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)