Simulation learning involves leveraging technology to construct immersive, interactive environments that replicate real-world scenarios for instructional purposes. These simulations enable individuals to engage in experiential learning by making decisions and experiencing outcomes within a safe and controlled setting.
The primary types of simulation learning encompass hardware and software. Hardware refers to the physical equipment and devices utilized to create and interact with simulated environments, including computers, sensors, VR headsets, and haptic feedback devices. Delivery modes vary and include web-based simulation, cloud-based simulation, and on-premises simulation, catering to applications in fields such as medical training, enterprise simulations, education, civil aviation, defense, security, and more.
The simulation learning market research report is one of a series of new reports from The Business Research Company that provides simulation learning market statistics, including simulation learning industry global market size, regional shares, competitors with a simulation learning market share, detailed simulation learning market segments, market trends and opportunities, and any further data you may need to thrive in the simulation learning industry. This simulation learning market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The simulation learning market size has grown exponentially in recent years. It will grow from $20.45 billion in 2024 to $24.54 billion in 2025 at a compound annual growth rate (CAGR) of 20.0%. The growth in the historic period can be attributed to increased emphasis on experiential learning methodologies, rising demand for hands-on training across industries, expansion of online education and remote learning, and growth of simulation learning startups.
The simulation learning market size is expected to see rapid growth in the next few years. It will grow to $50.23 billion in 2029 at a compound annual growth rate (CAGR) of 19.6%. The growth in the forecast period can be attributed to expansion of simulation learning, increased focus on environmental sustainability, expansion of simulation learning content libraries, rise of simulation learning ecosystems for seamless integration, and growth of simulation-based assessments. Major trends in the forecast period include integration of artificial intelligence, adoption of virtual reality, adoption of simulation learning, cybersecurity training, and technological advancements.
The growing investment in educational technology is expected to drive the expansion of the simulation learning market. Educational technology refers to the use of digital tools and resources to improve teaching, learning, and educational outcomes. Investments in this sector are rising due to the increasing recognition of its potential to enhance learning results, improve accessibility, and adapt to the changing educational demands of a rapidly digitalizing world. Simulation learning is widely utilized in educational technology to offer interactive experiences for developing practical skills in a controlled setting. For example, in August 2024, the UK Government allocated $5.18 million (£4 million) to a generative AI project aimed at reducing teacher workloads by leveraging AI trained on curriculum guidelines, lesson plans, and anonymized student data. As a result, the growing investment in educational technology is fueling the growth of the simulation learning market.
Leading companies in the simulation learning market are increasingly adopting virtual reality (VR) and augmented reality (AR) technologies to develop intelligent and advanced solutions, such as simulated learning platforms, which offer immersive, hands-on learning experiences that enhance engagement and knowledge retention. Simulation-based learning platforms are educational tools and environments that use simulations to deliver realistic, immersive training experiences. For example, in June 2024, Finprov Learning Private Limited, an India-based company, launched PracticePot, a simulated learning platform aimed at improving skill development for graduates in India. The main goal of this initiative is to close the gap between theoretical knowledge and practical application, thus increasing employability in a competitive job market. PracticePot enables students to work on real-time live projects, giving them essential hands-on experience to better understand and apply their academic knowledge in real-world situations.
In June 2024, Simulations Plus, Inc., a US-based software company, acquired Pro-ficiency Holdings, Inc. for an undisclosed amount. The acquisition is aimed at strengthening Simulations Plus' end-to-end drug development solutions by incorporating simulation-based learning and advanced analytics into the life sciences sector. Pro-ficiency Holdings, Inc. is a US-based company specializing in virtual simulation training and intelligence.
Major companies operating in the simulation learning market are Siemens AG, Thales Group, Rockwell Automation Inc., CAE Inc., ESI Group, Ansys Inc., McGraw-Hill Education LLC, Pluralsight Inc., Laerdal Medical Corporation, D2L Corporation, Realityworks Inc., SANS Institute, Infopro Learning Inc., Mentice AB, KNOLSKAPE Solutions Private Limited, Toolwire Inc., Capsim Management Simulations Inc., Simmersion Holdings Pty Ltd., SIMTICS Limited, Indusgeeks USA Inc., Innovative Learning Solutions Inc., Forio Corporation, SimTutor Inc.
North America was the largest region in the simulation learning market in 2024. The regions covered in the simulation learning market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the simulation learning market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The simulation learning market consists of revenues earned by entities providing services such as consulting and training, technical support, and content integration. The market value includes the value of related goods sold by the service provider or included within the service offering. The simulation learning market also includes sales of simulation software platforms, mobile learning apps, and hardware solutions. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Simulation Learning Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on simulation learning market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for simulation learning ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The simulation learning market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:1) By Type: Hardware; Software
2) By Delivery Modes: Web-Based Simulation; Cloud-Based Simulation; On-Premises Simulation
3) By Applications: Medical; Enterprise; Education; Civil Aviation; Defense And Security; Other Applications
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.
Table of Contents
1. Executive Summary
2. Simulation Learning Market Characteristics
3. Simulation Learning Market Trends And Strategies
4. Simulation Learning Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Covid And Recovery On The Market
5. Global Simulation Learning Growth Analysis And Strategic Analysis Framework
5.1. Global Simulation Learning PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
5.2. Analysis Of End Use Industries
5.3. Global Simulation Learning Market Growth Rate Analysis
5.4. Global Simulation Learning Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
5.5. Global Simulation Learning Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
5.6. Global Simulation Learning Total Addressable Market (TAM)
6. Simulation Learning Market Segmentation
6.1. Global Simulation Learning Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Hardware
Software
6.2. Global Simulation Learning Market, Segmentation By Delivery Modes, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Web-Based Simulation
Cloud-Based Simulation
On-Premises Simulation
6.3. Global Simulation Learning Market, Segmentation By Applications, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Medical
Enterprise
Education
Civil Aviation
Defense And Security
Other Applications
6.4. Global Simulation Learning Market, Sub-Segmentation Of Hardware, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Simulation Equipment
Virtual Reality (VR) Devices
Augmented Reality (AR) Devices
6.5. Global Simulation Learning Market, Sub-Segmentation Of Software, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Simulation Software For Training
Virtual Learning Environments
Simulation Management Software
7. Simulation Learning Market Regional And Country Analysis
7.1. Global Simulation Learning Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
7.2. Global Simulation Learning Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion