FMI recently published a new report on the agent-based modeling (ABM) software market with a current market valuation of US$ 930.7 million in 2024. As concluded by the technology analysts, demand could eventually rise and equate to a market valuation of US$ 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 | US$ 930.7 million |
| Agent-based Modeling (ABM) Software Market Value for 2034 | US$ 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 | US$ 930.7 million |
| Projected Market Valuation in 2034 | US$ 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 US$ million |
| Key Regions Covered |
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| Key Market Segments Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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As of 2024, the market for agent-based modeling (ABM) software is expected to be valued at US$ 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 US$ 2,764.1 million.
China is likely the top-performing market, with a CAGR of 12%.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Deployment
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Deployment, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Deployment, 2024 to 2034
5.3.1. Cloud Based
5.3.2. On-Premise
5.3.3. Hybrid
5.4. Y-o-Y Growth Trend Analysis By Deployment, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Deployment, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Industry
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Industry, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Industry, 2024 to 2034
6.3.1. Healthcare
6.3.2. Transportation and Logistics
6.3.3. Environmental Science
6.3.4. Social Sciences
6.3.5. Defense and Security
6.3.6. Education and Training
6.3.7. Others
6.4. Y-o-Y Growth Trend Analysis By Industry, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Industry, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) Analysis By Region, 2019 to 2023
7.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2024 to 2034
7.3.1. North America
7.3.2. Latin America
7.3.3. Western Europe
7.3.4. Eastern Europe
7.3.5. South Asia and Pacific
7.3.6. East Asia
7.3.7. Middle East and Africa
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
8.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
8.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
8.2.1. By Country
8.2.1.1. USA
8.2.1.2. Canada
8.2.2. By Deployment
8.2.3. By Industry
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Deployment
8.3.3. By Industry
8.4. Key Takeaways
9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Deployment
9.2.3. By Industry
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Deployment
9.3.3. By Industry
9.4. Key Takeaways
10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. UK
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Western Europe
10.2.2. By Deployment
10.2.3. By Industry
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Deployment
10.3.3. By Industry
10.4. Key Takeaways
11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Poland
11.2.1.2. Russia
11.2.1.3. Czech Republic
11.2.1.4. Romania
11.2.1.5. Rest of Eastern Europe
11.2.2. By Deployment
11.2.3. By Industry
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Deployment
11.3.3. By Industry
11.4. Key Takeaways
12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Bangladesh
12.2.1.3. Australia
12.2.1.4. New Zealand
12.2.1.5. Rest of South Asia and Pacific
12.2.2. By Deployment
12.2.3. By Industry
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Deployment
12.3.3. By Industry
12.4. Key Takeaways
13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.2. By Deployment
13.2.3. By Industry
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Deployment
13.3.3. By Industry
13.4. Key Takeaways
14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of MEA
14.2.2. By Deployment
14.2.3. By Industry
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Deployment
14.3.3. By Industry
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. USA
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2023
15.1.2.1. By Deployment
15.1.2.2. By Industry
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2023
15.2.2.1. By Deployment
15.2.2.2. By Industry
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2023
15.3.2.1. By Deployment
15.3.2.2. By Industry
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2023
15.4.2.1. By Deployment
15.4.2.2. By Industry
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2023
15.5.2.1. By Deployment
15.5.2.2. By Industry
15.6. UK
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2023
15.6.2.1. By Deployment
15.6.2.2. By Industry
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2023
15.7.2.1. By Deployment
15.7.2.2. By Industry
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2023
15.8.2.1. By Deployment
15.8.2.2. By Industry
15.9. Italy
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2023
15.9.2.1. By Deployment
15.9.2.2. By Industry
15.10. Poland
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2023
15.10.2.1. By Deployment
15.10.2.2. By Industry
15.11. Russia
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2023
15.11.2.1. By Deployment
15.11.2.2. By Industry
15.12. Czech Republic
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2023
15.12.2.1. By Deployment
15.12.2.2. By Industry
15.13. Romania
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2023
15.13.2.1. By Deployment
15.13.2.2. By Industry
15.14. India
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2023
15.14.2.1. By Deployment
15.14.2.2. By Industry
15.15. Bangladesh
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2023
15.15.2.1. By Deployment
15.15.2.2. By Industry
15.16. Australia
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2023
15.16.2.1. By Deployment
15.16.2.2. By Industry
15.17. New Zealand
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2023
15.17.2.1. By Deployment
15.17.2.2. By Industry
15.18. China
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2023
15.18.2.1. By Deployment
15.18.2.2. By Industry
15.19. Japan
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2023
15.19.2.1. By Deployment
15.19.2.2. By Industry
15.20. South Korea
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2023
15.20.2.1. By Deployment
15.20.2.2. By Industry
15.21. GCC Countries
15.21.1. Pricing Analysis
15.21.2. Market Share Analysis, 2023
15.21.2.1. By Deployment
15.21.2.2. By Industry
15.22. South Africa
15.22.1. Pricing Analysis
15.22.2. Market Share Analysis, 2023
15.22.2.1. By Deployment
15.22.2.2. By Industry
15.23. Israel
15.23.1. Pricing Analysis
15.23.2. Market Share Analysis, 2023
15.23.2.1. By Deployment
15.23.2.2. By Industry
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Deployment
16.3.3. By Industry
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. AnyLogic
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.2. SIMUL8
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.3. FlexSim
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.4. Simcad Pro
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.5. Insight Maker
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.6. AgentPy
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.7. Simudyne
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.8. Agents.jl
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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Agent-based Modeling (ABM) Software Market
