Scope of the Study
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.
The market study is being classified, by Application (Water, Storm, Wastewater and Others) and major geographies with country level break-up.
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 profiled in the study.
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. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Hydraulics and Hydrology Software market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Hydraulics and Hydrology Software market by Type, Application 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- 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
- The Rising Demand to Control Water Quality & Ecology
- Implementation of Artificial Intelligence in the Hydraulics & Hydrology Platform
- Rising Demand for Flood Protection and Integrated Management of Transboundary Rivers are Expected to Create Huge Opportunities for Market Vendors During the Forecast Period
- The Requirement of Highly Skilled Professionals to Operate the Platform for Effective Management
- Availability of Free Hydraulic Design Software Suites
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 CommentThe 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.
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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