FMI recently published a new report on the agent-based modeling (ABM) software market with a current market valuation of USD 930.7 million in 2024. As concluded by the technology analysts, demand could eventually rise and equate to a market valuation of USD 2,764.1 million, with a CAGR of 11.50% by 2034.
Agent-based modeling (ABM) software is utilized across various industries, such as urban planning for simulating traffic flow, epidemiology for studying disease spread dynamics, and economics for modeling market behaviors and consumer interactions.
| Attributes | Details |
|---|---|
| Agent-based Modeling (ABM) Software Market Value for 2024 | USD 930.7 million |
| Agent-based Modeling (ABM) Software Market Value for 2034 | USD 2,764.1 million |
| Agent-based Modeling (ABM) Software Market Forecast CAGR for 2024 to 2034 | 11.5% |
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As key markets such as the United States and Europe attain maturity in the technology domain, the scope for agent-based modeling (ABM) software is poised to remain moderate in the next few years.
| Historical CAGR | 10.70% |
|---|---|
| Forecast CAGR | 11.50% |
The historical CAGR of the agent-based modeling (ABM) software market at 10.70% reflects persistent growth over a specified period, indicating a boom in adoption and demand for ABM solutions.
The economic growth can be attributed to expanding applications across diverse sectors, including but not limited to urban planning, epidemiology, economics, and environmental science.
The forecasted CAGR of 11.50% suggests continuing this upward trend, driven by several factors such as technological advancements, the growing complexity of real-world systems requiring simulation and analysis, and the broadening recognition of ABM's effectiveness in addressing intricate problems.
As industries seek more sophisticated modeling tools to understand dynamic systems and make informed decisions, the demand for ABM software is expected to rise further, subsidizing to its future growth.
Principal Consultant
The below section shows the leading segment. Based on the deployment type, the cloud- based segment is accounted to hold a market share of 42.60% in 2024. Based on industry type, the healthcare segment is accounted to hold a market share of 28.60% in 2024.
| Category | Market Share in 2024 |
|---|---|
| Cloud-based | 42.6% |
| Healthcare | 28.6% |
Based on deployment type, the cloud-based sector is accounted to hold a market share of 42.6% in 2024.
Cloud-based deployment offers scalability, flexibility, and accessibility, allowing users to access ABM software from anywhere with internet connectivity.
The deployment model has helped reduce the burden of infrastructure management and upfront costs, making it particularly attractive for organizations seeking cost-effective and agile solutions.
Based on industry type, the healthcare sector is accounted to hold a market share of 28.6% in 2024.
ABM enables healthcare professionals and researchers to model complex disease spread dynamics, healthcare delivery systems, and patient behavior, aiding in scenario planning, policy evaluation, and resource allocation.
With the propelling emphasis on precision medicine, population health management, and healthcare optimization, ABM software is a valuable tool for understanding and improving healthcare outcomes.
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The table mentions the top five countries ranked by CAGRs, with China holding the top position.
China dominates the agent-based modeling (ABM) software market due to its extensive application in urban planning to address rapid urbanization challenges, optimize transportation networks, and manage population dynamics.
ABM software is important in healthcare for disease surveillance, epidemic forecasting, and resource allocation in populous cities of China.
The Forecast CAGRs from 2024 to 2034
| Countries | CAGR |
|---|---|
| United States | 8.5% |
| Germany | 4.7% |
| Japan | 3.6% |
| China | 12% |
| Australia and New Zealand | 4.6% |
In the United States, ABM software is extensively used in urban planning and transportation modeling to simulate traffic flow, evaluate infrastructure projects, and plan for sustainable urban development.
ABM is employed in healthcare for modeling disease spread dynamics, healthcare delivery systems, and public health interventions.
ABM finds applications in economics and market research for simulating consumer behaviors, financial market dynamics, and policy impact assessments.
In Germany, ABM software is utilized in urban planning and regional development to analyze land use patterns, simulate the impact of demographic changes, and optimize transportation networks.
ABM is employed in environmental science for modeling ecosystem dynamics, biodiversity conservation strategies, and climate change mitigation measures.
ABM finds applications in industrial engineering for optimizing production processes, supply chain management, and logistics planning.
In Japan, ABM software is primarily used in disaster management and emergency response planning to simulate natural disasters such as earthquakes, tsunamis, and typhoons.
ABM enables authorities to assess evacuation strategies, allocate resources effectively, and mitigate the impact of disasters on vulnerable populations.
ABM is employed in healthcare for disease surveillance, epidemic forecasting, and resource allocation.
In China, ABM software is widely used in urban planning and smart city development initiatives to model population dynamics, urban growth patterns, and transportation systems.
ABM enables policymakers to evaluate urban expansion plans, optimize infrastructure investments, and address traffic congestion issues.
ABM finds applications in public health for modeling disease transmission, evaluating healthcare policies, and planning for epidemic response.
In Australia and New Zealand, ABM software is employed in environmental management and natural resource planning to simulate ecosystem dynamics, assess the impact of climate change, and develop conservation strategies.
ABM enables researchers and policymakers to model biodiversity hotspots, habitat connectivity, and resilience.
ABM finds applications in agriculture for optimizing land use practices, crop management strategies, and water resource allocation.
Startups are emerging with innovative solutions focusing on specific industries like healthcare, transportation, and economics. The startups leverage machine learning and cloud computing advancements to enhance model accuracy and scalability.
Key developments include partnerships with research institutions, big data analytics platforms, and customization features catering to diverse user needs, driving competition and innovation in the ABM software market.
Some of the key developments are
| Attributes | Details |
|---|---|
| Estimated Market Size in 2024 | USD 930.7 million |
| Projected Market Valuation in 2034 | USD 2,764.1 million |
| Value-based CAGR 2024 to 2034 | 11.50% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | Value in USD million |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East and Africa |
| Key Market Segments Covered | Deployment Mode, Industry, Region |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
| Key Companies Profiled | AnyLogic; SIMUL8; FlexSim; Simcad Pro; Insight Maker; AgentPy; Simudyne; Agents.jl |
As of 2024, the market for agent-based modeling (ABM) software is expected to be valued at USD 1,069.1 million.
The agent-based modeling (ABM) software market is projected to expand at a CAGR of 11.50% between 2024 and 2034.
The cloud-based segment is projected to dominate the industry.
By 2034, the market value of the agent-based modeling (ABM) software is expected to reach USD 2,764.1 million.
China is likely the top-performing market, with a CAGR of 12%.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Deployment 5.1. Cloud Based 5.2. On-Premise 5.3. Hybrid 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Industry 6.1. Healthcare 6.2. Transportation and Logistics 6.3. Environmental Science 6.4. Social Sciences 6.5. Defense and Security 6.6. Education and Training 6.7. Others 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7 .Middle East and Africa 8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. AnyLogic 17.2. SIMUL8 17.3. FlexSim 17.4. Simcad Pro 17.5. Insight Maker 17.6. AgentPy 17.7. Simudyne 17.8. Agents.jl 18. Assumptions & Acronyms Used 19. Research Methodology
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Agent-based Modeling (ABM) Software Market
