Offshore Structural Analysis Software Market by End-user and Geography - Forecast and Analysis 2022-2026

The offshore structural analysis software market share is expected to increase by USD 483.71 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 9.13%.

This offshore structural analysis software market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers offshore structural analysis software market segmentation by end-user (oil and gas, maritime, power generation, and government and defense) and geography (North America, Middle East and Africa, Europe, APAC, and South America). The offshore structural analysis software market report also offers information on several market vendors, including AVL List GmbH, Bentley Systems Inc., BMT Group Ltd., Dlubal Software Inc., DNV Group AS, Dogtooth Technologies Ltd., Energid Technologies Corp., FFRobotics, Harvest CROO Robotics LLC, Iron Ox Inc., John Wood Group PLC, Metomotion, Panasonic Corp., Ramboll Group AS, Robert Bosch GmbH, Stewart Technology Associates, Viking Systems Inc., Vision Robotics Corp., and Zebec Marine Consultant and Services among others.

What will the Offshore Structural Analysis Software Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Offshore Structural Analysis Software Market Size for the Forecast Period and Other Important Statistics

 

Offshore Structural Analysis Software Market: Key Drivers, Trends, and Challenges

The increasing demand from the oil and gas industry is notably driving the offshore structural analysis software market growth, although factors such as lack of workers with digital skills may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the offshore structural analysis software industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Offshore Structural Analysis Software Market Driver

One of the key factors driving the global offshore structural analysis software industry growth is the increasing demand from the oil and gas industry to improve performance and efficiency. According to The International Monetary Fund (IMF), global economic growth was 5.9% in 2021, and all the regions are expected to perform well in 2022. Further, emerging economies, such as China and India together, are expected to contribute nearly 50% of total global oil demand by 2026. The increasing transparency in the value chain and efficiency in the use of software in the global oil and gas industry will be a key differentiator for this industry in its competition against the global renewable energy industry. The integration of tools with offshore structural analysis software enables to create and check structural models, by combining wind and gravity load analysis to ensure design code compliance. Thus, such factors will drive the market during the forecast period.

Key Offshore Structural Analysis Software Market Trend

Advent of cloud computing technology in offshore structural analysis is one of the key offshore structural analysis software market trends that is expected to impact the industry positively in the forecast period. When using cloud computing technology for offshore structural analysis, the pre and post-processing tasks are still performed locally, but instead of being analyzed locally, the model is sent to the cloud platform for analysis, thus leaving the customer free to complete other tasks on their local machines, until the results are transmitted back to the customer. For instance, Bentley Systems provides cloud-enabled offshore structural analysis software (SACS Cloud Services), which enables the analysis of large and compute-intensive models on the latest version of the cloud, using high-end hardware without consuming desktop bandwidth. Such factors will further support the market growth in the coming years.

Key Offshore Structural Analysis Software Market Challenge

One of the key challenges to the global offshore structural analysis software industry growth is the lack of workers with digital skills. The workforce should be able to and familiar with the use of software platforms to build models and designs and analyze the outcomes of these software solutions. The use of offshore structural analysis software involves knowledge about the use of software platforms along with that of offshore structure and designs. Through the use of this platform, the workforce must be able to analyze complex structures and make necessary changes and check structure and design compliance on the offshore structural analysis software first. Therefore, the lack of workers with combined skills in both software platforms and offshore structure analysis is a major challenge, which prevents companies from adopting offshore structural analysis software, which, in turn, hinders the growth of the market in focus. 

This offshore structural analysis software market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global offshore structural analysis software market as a part of the global systems software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the offshore structural analysis software market during the forecast period.

Who are the Major Offshore Structural Analysis Software Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• AVL List GmbH
• Bentley Systems Inc.
• BMT Group Ltd.
• Dlubal Software Inc.
• DNV Group AS
• Dogtooth Technologies Ltd.
• Energid Technologies Corp.
• FFRobotics
• Harvest CROO Robotics LLC
• Iron Ox Inc.
• John Wood Group PLC
• Metomotion
• Panasonic Corp.
• Ramboll Group AS
• Robert Bosch GmbH
• Stewart Technology Associates
• Viking Systems Inc.
• Vision Robotics Corp.
• Zebec Marine Consultant and Services

 

This statistical study of the offshore structural analysis software market encompasses successful business strategies deployed by the key vendors. The offshore structural analysis software market is fragmented and the vendors are deploying growth strategies such as technological innovation to compete in the market.

Product Insights and News

• AVL List GmbH - The company offers offshore structural analysis software such as AVL FIRE.
• AVL List GmbH - Under the unified segment, the company develops and offers simulation and testing of powertrain systems and their integration into the vehicle, as well as new fields like ADAS/AD and data intelligence.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The offshore structural analysis software market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Offshore Structural Analysis Software Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the offshore structural analysis software market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Offshore Structural Analysis Software Market?

For more insights on the market share of various regions Request for a FREE sample now!

48% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for offshore structural analysis software in North America. Market growth in this region will be faster than the growth of the market in other regions.

The presence of major vendors in this region and the technological advances in the offshore projects will facilitate the offshore structural analysis software market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 has adversely affected the offshore structural analysis software market in North America. The impact of COVID-19 is quite significant on industries such as oil and gas, maritime, power generation, government, and defense. However, the COVID-19 crisis has accelerated the digitalization of customer interactions by several years. This has led to an increase in the adoption of software technologies in a range of end-user industries. Hence, the regional offshore structural analysis software market is expected to witness growth during the forecast period.

What are the Revenue-generating End-user Segments in the Offshore Structural Analysis Software Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The offshore structural analysis software market share growth by the oil and gas segment will be significant during the forecast period. The enhanced benefits of offshore structure analysis software, such as design compliance, safety standards and virtual assets creation, and improved offshore workforce collaboration in the oil and gas segment are expected to spur its adoption in this segment during the forecast years.

This report provides an accurate prediction of the contribution of all the segments to the growth of the offshore structural analysis software market size and actionable market insights on post COVID-19 impact on each segment.

 

Offshore Structural Analysis Software Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 9.13%
Market growth 2022-2026	$ 483.71 million
Market structure	Fragmented
YoY growth (%)	8.7
Regional analysis	North America, Middle East and Africa, Europe, APAC, and South America
Performing market contribution	North America at 48%
Key consumer countries	US, Canada, Saudi Arabia, China, and Russia
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	AVL List GmbH, Bentley Systems Inc., BMT Group Ltd., Dlubal Software Inc., DNV Group AS, Dogtooth Technologies Ltd., Energid Technologies Corp., FFRobotics, Harvest CROO Robotics LLC, Iron Ox Inc., John Wood Group PLC, Metomotion, Panasonic Corp., Ramboll Group AS, Robert Bosch GmbH, Stewart Technology Associates, Viking Systems Inc., Vision Robotics Corp., and Zebec Marine Consultant and Services
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Data Covered in this Offshore Structural Analysis Software Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive offshore structural analysis software market growth during the next five years
• Precise estimation of the offshore structural analysis software market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the offshore structural analysis software industry across North America, Middle East and Africa, Europe, APAC, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of offshore structural analysis software market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch