Altair Engineering, Inc. (Altair Engineering), BENTLEY SYSTEMS, INCORPORATED (Bentley Systems), ANSYS, Inc. (ANSYS), PTC (PTC), Siemens Product Lifecycle Management Software Inc. (Siemens PLM Software), Autodesk Inc. (Autodesk), Dassault Systèmes (Dassault Systemes), Synopsys, Inc. (Synopsys), and The MathWorks, Inc. (MathWorks) are some of the key players considered in the Simulation Software Market. Companies offering simulation analysis solutions are focusing on organic strategies, such as new product launches and product enhancements, to be competitive in the Simulation Software Market. For instance, in September 2019, Certara launched Version 8.2 of its Industry-leading Phoenix PK/PD Modeling and Simulation Software for Drug Development. The increasing demand for simulation software in healthcare and pharmaceuticals is expected to increase its growth rate in the coming years.