Virtual Prototype market – Magillem solutions in the forecasts from 2018 to 2023
News from Researchandmarkets.com – April 2018
Global Virtual Prototype market 2018-2023: Growth fueled by the need to minimize time and cost while maximizing quality where competition is intensive.
Virtual prototype market is projected to witness a CAGR of 20.32% during the forecast period to reach a total market size of US$622.734 million by 2023, increasing from US$205.224 million in 2017. Also known as Virtual modelling, Virtual Prototyping (VP) is a software-based engineering tool used in the process of product development by creating a model of the system and simulating its behaviour under controlled conditions with the help of computer software in order to approve its virtual design before making its physical prototype as well as present, analyze and test the various aspects of product life cycle…