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Global Chemical Software Market 2018-2022 | Chemical Process Simulation Segment Dominates the Market | Technavio

According to the latest market research report released by Technavio, the global chemical software market is expected to accelerate at a CAGR of over 11% during the forecast period. The need to adhere to regulations is one of the key factors triggering the growth of the market.

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According to the latest market research report released by Technavio, the global chemical software m ...

According to the latest market research report released by Technavio, the global chemical software market is expected to accelerate at a CAGR of over 11% until 2022. (Graphic: Business Wire)

This research report titled ‘Global Chemical Software Market 2018-2022’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

The market research analysis categorizes the global chemical software market into the following application:

  • Chemical process simulation
  • Inventory management
  • ISO management

In 2017, the chemical process simulation segment accounted for 36.70% of the global market and is projected to decline to 36.24% by 2022, exhibiting almost 0.46% decrease in market share.

Global chemical software market: Top emerging trend

Digital transformation and automation of the chemical industry is an emerging driver in the global chemical software market. Digitization of the chemical industry in numerous developed nations, such as the US, Germany, France, Italy, and China, has created the demand for IT solutions. The digital transformation of the chemical industry is a key driver in the adoption of the chemical software in the chemical industry. Modernization of the chemical industry has increased the procurement of most advanced IT solutions, such as chemical process simulation, inventory management, analytics, and IoT, to reduce waste and enhance productivity. In addition, automation in the chemical sector has attracted investments in IT solutions. Subsequently, as the number of plants increases in the chemical sector, it becomes more difficult to manage, monitor, and maintain the data in an organization. With the increase in the number of central inventory software, the demand for IoT solutions is expected to increase in the chemical sector, in turn driving the chemical software market over the forecast period.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Technavio’s report provides expert market research on the following topics:

Executive Report

  • Market Outline
  • Global Chemical Software Market Overview

Market Insights

  • Market Sizing and Forecasts
  • Market Growth
  • Market Drivers and Challenges
  • Key Emerging Trends

Market Segmentation Analysis

  • Regional comparison (APAC, Americas, and EMEA)
  • Key leading countries
  • Market segmentation by application (chemical process simulation, inventory management, and ISO management)

Vendor Landscape

  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario
  • Analysis of top vendors (ANSYS, Frontline Data Solutions, RURO, and SFS Chemical Safety)

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at [email protected].

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