NEW YORK, July 29, 2024 /PRNewswire/ -- The
global offshore structural analysis software market size
is estimated to grow by USD 542.5
million from 2024-2028, according to Technavio. The market
is estimated to grow at a CAGR of 10.03% during the forecast
period. Increasing demand from the oil and gas industry is driving
market growth, with a trend towards advent of cloud computing
technology in offshore structural analysis. However, lack of
workers with digital skills poses a challenge. Key market players
include 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 Holdings
Corp., Ramboll Group AS, Robert Bosch GmbH, Stewart Technology
Associates, Viking Systems Inc., Vision Robotics Corp., and Zebec
Marine Consultant and Services.
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Offshore Structural
Analysis Software Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
10.03%
|
Market growth
2024-2028
|
USD 542.5
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
8.88
|
Regional
analysis
|
North America, Middle
East and Africa, Europe, APAC, and South America
|
Performing market
contribution
|
North America at
55%
|
Key
countries
|
US, Saudi Arabia,
Russia, China, and Canada
|
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 Holdings Corp., Ramboll Group AS, Robert
Bosch GmbH, Stewart Technology Associates, Viking Systems Inc.,
Vision Robotics Corp., and Zebec Marine Consultant and
Services
|
Market Driver
The offshore structural analysis software market is witnessing a
significant trend with the adoption of cloud computing technology.
Traditionally an on-premises offering, offshore structural analysis
software is now being delivered via cloud platforms. This shift
enhances computing capacity by granting customers access to the
processing power of multiple high-end machines. Pre- and
post-processing tasks are still performed locally, but the model is
sent to the cloud for analysis, enabling users to complete other
tasks on their local machines until results are transmitted back.
Bentley Systems' SACS Cloud Services is an example of cloud-enabled
offshore structural analysis software. It allows the analysis of
large and compute-intensive models using the latest cloud version
and high-end hardware without straining desktop bandwidth.
Simultaneous execution of multiple analyses is possible, increasing
productivity and reducing time. Cloud computing services offer
several benefits for offshore structural analysis. Users can access
the application from any device connected to the internet,
eliminating the need to store analysis data on their devices.
Hardware with high performance is no longer necessary as all
calculations are performed in the cloud. Sharing calculation models
with colleagues is simplified, and installation, update,
maintenance, and compatibility issues are eliminated. Best resource
allocation and a pay-per-use facility ensure cost
efficiency.
The Offshore Structural Analysis Software market is experiencing
significant growth due to increasing demand from the maritime
industry, particularly in sectors like oil and gas, power
generation, and defense. Key trends include the use of skidding
systems and tension decks for offshore installation. End users,
including architects and engineers, require advanced software to
analyze offshore structures under extreme weather conditions and
environmental loads. Cloud-based software and deployment services
are gaining popularity for their flexibility and
cost-effectiveness. Financial performance and performance
prediction are crucial factors for investment expenses.
Ground-level workers benefit from software that can handle
nonlinear structural analysis and predict offshore structural
failure. Subsea platforms, protecting structures, and drilling
templates are other areas of focus. Physical space constraints and
remote locations necessitate advanced solutions. Technical
development continues with on-premise software and managed
services, offering customized solutions for various industries.
Offshore structures in marine environments face unique challenges,
and software must provide accurate information on environmental
loads and performance under extreme conditions. Overall, the market
is expected to continue growing as offshore structures become
increasingly complex and critical to various industries.
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Market Challenges
- The global offshore structural analysis market faces a
significant challenge due to the shortage of a digitally skilled
workforce capable of effectively operating offshore structural
analysis software. Companies require a workforce familiar with
software platforms for building models and designs, as well as
analyzing the outcomes of these solutions. The ability to use
connected systems and integrated software applications is essential
for analyzing, designing, and simulating the response of complex
offshore structures and vessels. However, the lack of workers with
combined skills in both software platforms and offshore structure
analysis is a major hindrance to market growth. To effectively use
offshore structural analysis software, workers must be
knowledgeable in areas such as nonlinear structural analysis,
dynamic response analysis due to environmental loads, impact
effects analysis, and severe accidental loadings analysis. For
instance, analyzing the setup of an offshore structure like a wind
turbine using offshore structural analysis software necessitates an
understanding of the software platform to explore design options,
comprehend behavior, and accurately predict the structural
performance of offshore wind farm platforms. Consequently, the
absence of a skilled workforce with a combined understanding of
software platforms and offshore structures is a significant barrier
to market expansion during the forecast period.
- The Offshore Structural Analysis Software Market faces unique
challenges in the maritime industry. Key challenges include
analyzing complex structures like skidding systems and tension
decks for offshore oil and gas platforms and subsea platforms. End
users in defense, maritime, power generation, and government
sectors require software to protect structures from extreme weather
conditions, environmental loads, and physical space constraints in
remote locations. Offshore structural analysis software must cater
to architects and engineers, providing cloud-based and on-premise
solutions, managed services, and professional services. Financial
performance and initial investment are crucial considerations, with
nonlinear structural analysis essential for predicting performance
and preventing offshore structural failure. Cloud-based software
deployment and cloud-based computing offer flexibility, while
deployment services ensure seamless integration. Power production
platforms and drilling templates require specialized analysis.
Ground-level workers need user-friendly software to effectively
manage and mitigate risks. Market players must address the
challenges of managing large amounts of data related to marine,
offshore structures, and environmental loads information. Technical
development and investment expense are ongoing priorities for
companies in this market.
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Segment Overview
This offshore structural analysis software market report
extensively covers market segmentation by
- End-user
- 1.1 Oil and gas
- 1.2 Maritime
- 1.3 Power generation
- 1.4 Government and defence
- Geography
- 2.1 North America
- 2.2 Middle East and
Africa
- 2.3 Europe
- 2.4 APAC
- 2.5 South America
1.1 Oil and gas- The Offshore Structural Analysis
Software Market is experiencing significant growth due to
increasing offshore oil and gas exploration activities. Companies
are investing in advanced software solutions to design and analyze
offshore structures for improved safety, efficiency, and cost
savings. These software tools enable engineers to simulate various
environmental conditions, perform structural analyses, and optimize
designs in a virtual environment. This results in reduced physical
testing, faster time-to-market, and enhanced operational
excellence. Market leaders include Siemens, ABS, and DNV GL,
offering comprehensive solutions to cater to the evolving needs of
the industry.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
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Research Analysis
The Offshore Structural Analysis Software market caters to the
design, analysis, and optimization of offshore structures used in
various industries such as Marine, Oil and Gas, Power Generation,
Government and Defense. These structures include subsea platforms,
offshore wind turbines, and other marine constructions. The
software helps architects and engineers to analyze and predict the
performance of offshore structures under extreme weather
conditions, environmental loads, and physical space constraints. It
utilizes nonlinear structural analysis to account for complex
loading scenarios and potential offshore structural failure. End
customers include maritime industries, defense organizations, and
government agencies. Cloud-based computing enables easy access to
environmental loads information and allows for real-time
performance prediction. Ground-level workers and engineers benefit
from the software's ability to protect structures and ensure safety
in remote locations. The initial investment in offshore structural
analysis software can be high, but the long-term benefits in terms
of improved design, reduced construction costs, and increased
operational efficiency make it a valuable investment.
Market Research Overview
The Offshore Structural Analysis Software market caters to the
design, analysis, and optimization of offshore structures used in
various industries such as Marine, Oil and Gas, Power Generation,
Government and Defense, and Environmental loads assessment. This
software is essential for architects and engineers to ensure the
structural integrity of offshore platforms, drilling templates,
skidding systems, tension decks, and subsea protecting structures
under extreme weather conditions and physical space constraints.
The market offers both cloud-based and on-premise solutions, along
with deployment services, managed services, and professional
services. End users include maritime, defense, architects and
engineers, and power production companies. The investment expense
for offshore structural analysis software includes the initial
investment for the software and ongoing costs for technical
development and performance prediction. The software helps in
analyzing nonlinear structural behavior, predicting offshore
structural failure, and providing environmental loads information
to ensure financial performance and safety for ground-level
workers.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- End-user
-
- Oil And Gas
- Maritime
- Power Generation
- Government And Defence
- Geography
-
- North America
- Middle East And Africa
- Europe
- APAC
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
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 17,000 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.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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