The prototyping software market size has grown exponentially in recent years. It will grow from $0.97 billion in 2023 to $1.2 billion in 2024 at a compound annual growth rate (CAGR) of 23%. The growth observed during the historic period can be attributed to several factors, including the increasing demand for rapid product development, the emergence of 3D printing technology, a growing emphasis on user-centered design, the rise of agile and iterative development methodologies, and the adoption of lean manufacturing principles.
The prototyping software market size is expected to see exponential growth in the next few years. It will grow to $2.78 billion in 2028 at a compound annual growth rate (CAGR) of 23.4%. The anticipated growth in the forecast period can be attributed to several factors, including the shift towards cloud-based prototyping solutions, the rise of low-code and no-code prototyping platforms, increased focus on sustainability and eco-friendly prototyping materials, the proliferation of Internet of Things (IoT) devices influencing prototyping needs, and the incorporation of customization and personalization features in prototyping software. Major trends expected during the forecast period include augmented reality-driven prototyping experiences, the democratization of prototyping tools for non-technical users, an emphasis on real-time collaboration and remote work capabilities, the integration of analytics and data-driven insights into prototyping workflows, and the rise of hybrid prototyping methodologies blending physical and digital approaches.
The rapid uptake of the Internet of Things (IoT) is poised to drive the expansion of the prototyping software market in the foreseeable future. IoT refers to a network of interconnected devices, objects, and systems that exchange data over the internet without human intervention. This rapid adoption is fueled by technological advancements, the emergence of Industry 4 and digital transformation, as well as regulatory support and standards. Integrating IoT with prototyping software enhances the design and development process of IoT applications by offering tools for simulating interactions, testing functionality, iterating on designs, visualizing data, and optimizing user experiences. For example, in August 2022, the Health Sector Cybersecurity Coordination Center (HC3) reported that approximately 7 billion devices were connected through IoT in 2022, with projections indicating a potential increase to around 20 billion more by 2025. Hence, the proliferation of IoT and connected devices is stimulating growth in the prototyping software market.
Key players in the prototyping software market are intensifying their efforts to develop unified emulation and prototyping systems, such as the ZeBu EP1 emulation system, to gain a competitive advantage. The ZeBu EP1 emulation system represents a unified hardware platform that combines both emulation and prototyping functionalities, offering significant benefits for System-on-Chip (SoC) verification and early software development. For instance, in September 2022, Synopsys Inc. launched the ZeBu EP1 emulation system, which features a unified hardware system with enhanced performance, faster compile times, and improved flexibility. These technological advancements streamline development processes, accelerate project schedules, and empower teams to adapt dynamically, thereby impacting the prototyping software market significantly.
In November 2023, Keysight Technologies Inc. acquired ESI Group SA, aiming to bolster its position in the prototyping software market through strategic integration, synergies, an expanded product portfolio, increased market share, technological advancements, competitive advantage, and broader global reach. ESI Group SA, based in France, specializes in providing virtual prototyping software.
Major companies operating in the prototyping software market are Adobe Inc., VVDN Technologies, Stratasys Ltd., InVision, Arduino, KeyShot, iRise, Sketch B.V., 3D Hubs, Framer, THREEKIT INC., UXPin, Marvel, Highlight, Boston Micro Fabrication (BMF), Blender, Balsamiq, Pidoco GmbH, Proto.io, Azul 3D, Kaedim Inc., Axure, Fluid UI, MindsDB, ShapesXR, Ethereal Machines, Moqups.
North America was the largest region in the prototyping software market in 2023. The regions covered in the prototyping software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the prototyping software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Prototyping software refers to tools and platforms that empower designers and developers to craft interactive prototypes of digital products, such as websites, mobile apps, or software applications. These prototypes emulate the final product early on, enabling stakeholders to visualize and assess the user interface, functionality, and user experience before committing to full-scale development.
The primary types of prototyping software include throwaway prototyping, evolutionary prototyping, and operational prototyping. Throwaway prototyping involves generating initial concepts for various applications, interfaces, or functions, without necessarily intending to incorporate them into the final system. Deployment options encompass cloud-based and web-based solutions, catering to both large enterprises and small to midsize enterprises (SMEs), among other applications.
The prototyping software market research report is one of a series of new reports that provides prototyping software market statistics, including prototyping software industry global market size, regional shares, competitors with prototyping software market share, detailed prototyping software market segments, market trends, and opportunities, and any further data you may need to thrive in the prototyping software industry. This prototyping software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The prototyping software market consists of revenues earned by entities by providing services such as consultancy services, training and education programs, customization and integration services, prototyping outsourcing solutions, software maintenance and support services, and user experience (UX) testing services. The market value includes the value of related goods sold by the service provider or included within the service offering. The prototyping software market also includes sales of products such as 3D modeling, simulation software, rapid prototyping tools, virtual reality prototyping platforms, user interface design software, and collaborative prototyping solutions. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The prototyping software market size is expected to see exponential growth in the next few years. It will grow to $2.78 billion in 2028 at a compound annual growth rate (CAGR) of 23.4%. The anticipated growth in the forecast period can be attributed to several factors, including the shift towards cloud-based prototyping solutions, the rise of low-code and no-code prototyping platforms, increased focus on sustainability and eco-friendly prototyping materials, the proliferation of Internet of Things (IoT) devices influencing prototyping needs, and the incorporation of customization and personalization features in prototyping software. Major trends expected during the forecast period include augmented reality-driven prototyping experiences, the democratization of prototyping tools for non-technical users, an emphasis on real-time collaboration and remote work capabilities, the integration of analytics and data-driven insights into prototyping workflows, and the rise of hybrid prototyping methodologies blending physical and digital approaches.
The rapid uptake of the Internet of Things (IoT) is poised to drive the expansion of the prototyping software market in the foreseeable future. IoT refers to a network of interconnected devices, objects, and systems that exchange data over the internet without human intervention. This rapid adoption is fueled by technological advancements, the emergence of Industry 4 and digital transformation, as well as regulatory support and standards. Integrating IoT with prototyping software enhances the design and development process of IoT applications by offering tools for simulating interactions, testing functionality, iterating on designs, visualizing data, and optimizing user experiences. For example, in August 2022, the Health Sector Cybersecurity Coordination Center (HC3) reported that approximately 7 billion devices were connected through IoT in 2022, with projections indicating a potential increase to around 20 billion more by 2025. Hence, the proliferation of IoT and connected devices is stimulating growth in the prototyping software market.
Key players in the prototyping software market are intensifying their efforts to develop unified emulation and prototyping systems, such as the ZeBu EP1 emulation system, to gain a competitive advantage. The ZeBu EP1 emulation system represents a unified hardware platform that combines both emulation and prototyping functionalities, offering significant benefits for System-on-Chip (SoC) verification and early software development. For instance, in September 2022, Synopsys Inc. launched the ZeBu EP1 emulation system, which features a unified hardware system with enhanced performance, faster compile times, and improved flexibility. These technological advancements streamline development processes, accelerate project schedules, and empower teams to adapt dynamically, thereby impacting the prototyping software market significantly.
In November 2023, Keysight Technologies Inc. acquired ESI Group SA, aiming to bolster its position in the prototyping software market through strategic integration, synergies, an expanded product portfolio, increased market share, technological advancements, competitive advantage, and broader global reach. ESI Group SA, based in France, specializes in providing virtual prototyping software.
Major companies operating in the prototyping software market are Adobe Inc., VVDN Technologies, Stratasys Ltd., InVision, Arduino, KeyShot, iRise, Sketch B.V., 3D Hubs, Framer, THREEKIT INC., UXPin, Marvel, Highlight, Boston Micro Fabrication (BMF), Blender, Balsamiq, Pidoco GmbH, Proto.io, Azul 3D, Kaedim Inc., Axure, Fluid UI, MindsDB, ShapesXR, Ethereal Machines, Moqups.
North America was the largest region in the prototyping software market in 2023. The regions covered in the prototyping software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the prototyping software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Prototyping software refers to tools and platforms that empower designers and developers to craft interactive prototypes of digital products, such as websites, mobile apps, or software applications. These prototypes emulate the final product early on, enabling stakeholders to visualize and assess the user interface, functionality, and user experience before committing to full-scale development.
The primary types of prototyping software include throwaway prototyping, evolutionary prototyping, and operational prototyping. Throwaway prototyping involves generating initial concepts for various applications, interfaces, or functions, without necessarily intending to incorporate them into the final system. Deployment options encompass cloud-based and web-based solutions, catering to both large enterprises and small to midsize enterprises (SMEs), among other applications.
The prototyping software market research report is one of a series of new reports that provides prototyping software market statistics, including prototyping software industry global market size, regional shares, competitors with prototyping software market share, detailed prototyping software market segments, market trends, and opportunities, and any further data you may need to thrive in the prototyping software industry. This prototyping software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The prototyping software market consists of revenues earned by entities by providing services such as consultancy services, training and education programs, customization and integration services, prototyping outsourcing solutions, software maintenance and support services, and user experience (UX) testing services. The market value includes the value of related goods sold by the service provider or included within the service offering. The prototyping software market also includes sales of products such as 3D modeling, simulation software, rapid prototyping tools, virtual reality prototyping platforms, user interface design software, and collaborative prototyping solutions. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Prototyping Software Market Characteristics3. Prototyping Software Market Trends and Strategies32. Global Prototyping Software Market Competitive Benchmarking33. Global Prototyping Software Market Competitive Dashboard34. Key Mergers and Acquisitions in the Prototyping Software Market
4. Prototyping Software Market - Macro Economic Scenario
5. Global Prototyping Software Market Size and Growth
6. Prototyping Software Market Segmentation
7. Prototyping Software Market Regional and Country Analysis
8. Asia-Pacific Prototyping Software Market
9. China Prototyping Software Market
10. India Prototyping Software Market
11. Japan Prototyping Software Market
12. Australia Prototyping Software Market
13. Indonesia Prototyping Software Market
14. South Korea Prototyping Software Market
15. Western Europe Prototyping Software Market
16. UK Prototyping Software Market
17. Germany Prototyping Software Market
18. France Prototyping Software Market
19. Italy Prototyping Software Market
20. Spain Prototyping Software Market
21. Eastern Europe Prototyping Software Market
22. Russia Prototyping Software Market
23. North America Prototyping Software Market
24. USA Prototyping Software Market
25. Canada Prototyping Software Market
26. South America Prototyping Software Market
27. Brazil Prototyping Software Market
28. Middle East Prototyping Software Market
29. Africa Prototyping Software Market
30. Prototyping Software Market Competitive Landscape and Company Profiles
31. Prototyping Software Market Other Major and Innovative Companies
35. Prototyping Software Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Prototyping Software Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on prototyping software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
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- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for prototyping software ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The prototyping software market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Type: Throw Away Prototyping; Evolutionary Prototyping; Operational Prototyping2) by Deployment Type: Cloud-Based; Web-Based
3) by Application: Large Enterprises; Small and Midsize Enterprises (SMEs); Other Applications
Key Companies Mentioned: Adobe Inc.; VVDN Technologies; Stratasys Ltd.; InVision; Arduino
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Adobe Inc.
- VVDN Technologies
- Stratasys Ltd.
- InVision
- Arduino
- KeyShot
- iRise
- Sketch B.V.
- 3D Hubs
- Framer
- THREEKIT INC.
- UXPin
- Marvel
- Highlight
- Boston Micro Fabrication (BMF)
- Blender
- Balsamiq
- Pidoco GmbH
- Proto.io
- Azul 3D
- Kaedim Inc.
- Axure
- Fluid UI
- MindsDB
- ShapesXR
- Ethereal Machines
- Moqups
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | July 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 1.2 Billion |
Forecasted Market Value ( USD | $ 2.78 Billion |
Compound Annual Growth Rate | 23.4% |
Regions Covered | Global |