About Hydraulics and Hydrology Software
The global hydraulics & hydrology software market is expected to grow at a significant pace during the forecast period, according to the AMA study. This is owing to the growing requirement of hydraulics & hydrology software from different end-use applications such as water & wastewater treatment, water distribution facilities, construction & architecture, and oil & gas industrial applications.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The vendors in this market are majorly focusing on the development of new and innovative solutions comprised of newly added features for different applications across various industries in order to remain competitive in the global market. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Hydraulics and Hydrology Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BENTLEY SYSTEMS, INCORPORATED (United States), FLO-2D Software, Inc. (United States), Aquaveo, LLC (United States), Autodesk, Inc. (United States), Scientific Software Group (United States), Carlson Software (United States), Innovyze (United Kingdom), Paro Software (The Netherlands), Famic Technologies Inc. (Canada), HydraForce (United Kingdom), Innovative Hydraulics (Norway), DNV GL AS (Finland), Fluidit Oy (United States), Drillsoft (United States), U.S. Geological Survey (United States) and Siemens Industry Software Inc. are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Hydraulics and Hydrology Software market by , Application (Water, Storm, Wastewater and Others) and Region.
On the basis of geography, the market of Hydraulics and Hydrology Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Enterprise Size, the sub-segment i.e. SMEs will boost the Hydraulics and Hydrology Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. Water & Wastewater Treatment will boost the Hydraulics and Hydrology Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Water Distribution will boost the Hydraulics and Hydrology Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. On-Premise will boost the Hydraulics and Hydrology Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Operation, the sub-segment i.e. Modeling & Mapping will boost the Hydraulics and Hydrology Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Implementation of Artificial Intelligence in the Hydraulics & Hydrology Platform
Market Growth Drivers:
Growing Demand for Water & Wastewater Treatment Generating the Demand for Low-Cost Operations & Thereby Driving the Hydraulics & Hydrology Software Market, Increasing Demand from Local Water Distribution Facilities to Manage the Flow of Water During Distribution and The Rising Demand to Control Water Quality & Ecology
Challenges:
The Requirement of Highly Skilled Professionals to Operate the Platform for Effective Management and Availability of Free Hydraulic Design Software Suites
Restraints:
High Cost of Software
Opportunities:
Rising Demand for Flood Protection and Integrated Management of Transboundary Rivers are Expected to Create Huge Opportunities for Market Vendors During the Forecast Period
Market Leaders and their expansionary development strategies
In December 2019, Innovyze announced that it has completed the acquisition of Canadian artificial intelligence start-up Emagin which has already provided advanced operational intelligence to a range of UK water utilities
In October 2019, Bentley Systems announced that it has introduced a new platform OpenFlows WaterOPS for water & wastewater utility operations which provides real-time operational support, smart water response planning, and optimized performance and business intelligence, converging IT (GIS) with OT (telemetry, SCADA instrumentation, sensors) and ET (hydraulic simulation).
Analyst View
The requirement of hydraulics and hydrology software suites is attributed to the factors such as water, rainwater & wastewater harvesting & flow management to avoid challenges to perform uncertain flood management.
Key Target Audience
Manufacturers, Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.