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Offshore Structural Analysis Software Market size is set to grow by USD 542.5 million from 2024-2028, Increasing demand from the oil and gas industry boost the market, Technavio

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NEW YORK, July 29, 2024 /PRNewswire/ — The global offshore structural analysis software market size is estimated to grow by USD 542.5 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 10.03% during the forecast period. Increasing demand from the oil and gas industry is driving market growth, with a trend towards advent of cloud computing technology in offshore structural analysis. However, lack of workers with digital skills poses a challenge. Key market players include AVL List GmbH, Bentley Systems Inc., BMT Group Ltd., Dlubal Software Inc., DNV Group AS, Dogtooth Technologies Ltd., Energid Technologies Corp., FFRobotics, Harvest CROO Robotics LLC, Iron Ox Inc., John Wood Group PLC, MetoMotion, Panasonic Holdings Corp., Ramboll Group AS, Robert Bosch GmbH, Stewart Technology Associates, Viking Systems Inc., Vision Robotics Corp., and Zebec Marine Consultant and Services.

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Offshore Structural Analysis Software Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 10.03%

Market growth 2024-2028

USD 542.5 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

8.88

Regional analysis

North America, Middle East and Africa, Europe, APAC, and South America

Performing market contribution

North America at 55%

Key countries

US, Saudi Arabia, Russia, China, and Canada

Key companies profiled

AVL List GmbH, Bentley Systems Inc., BMT Group Ltd., Dlubal Software Inc., DNV Group AS, Dogtooth Technologies Ltd., Energid Technologies Corp., FFRobotics, Harvest CROO Robotics LLC, Iron Ox Inc., John Wood Group PLC, MetoMotion, Panasonic Holdings Corp., Ramboll Group AS, Robert Bosch GmbH, Stewart Technology Associates, Viking Systems Inc., Vision Robotics Corp., and Zebec Marine Consultant and Services

Market Driver

The offshore structural analysis software market is witnessing a significant trend with the adoption of cloud computing technology. Traditionally an on-premises offering, offshore structural analysis software is now being delivered via cloud platforms. This shift enhances computing capacity by granting customers access to the processing power of multiple high-end machines. Pre- and post-processing tasks are still performed locally, but the model is sent to the cloud for analysis, enabling users to complete other tasks on their local machines until results are transmitted back. Bentley Systems’ SACS Cloud Services is an example of cloud-enabled offshore structural analysis software. It allows the analysis of large and compute-intensive models using the latest cloud version and high-end hardware without straining desktop bandwidth. Simultaneous execution of multiple analyses is possible, increasing productivity and reducing time. Cloud computing services offer several benefits for offshore structural analysis. Users can access the application from any device connected to the internet, eliminating the need to store analysis data on their devices. Hardware with high performance is no longer necessary as all calculations are performed in the cloud. Sharing calculation models with colleagues is simplified, and installation, update, maintenance, and compatibility issues are eliminated. Best resource allocation and a pay-per-use facility ensure cost efficiency. 

The Offshore Structural Analysis Software market is experiencing significant growth due to increasing demand from the maritime industry, particularly in sectors like oil and gas, power generation, and defense. Key trends include the use of skidding systems and tension decks for offshore installation. End users, including architects and engineers, require advanced software to analyze offshore structures under extreme weather conditions and environmental loads. Cloud-based software and deployment services are gaining popularity for their flexibility and cost-effectiveness. Financial performance and performance prediction are crucial factors for investment expenses. Ground-level workers benefit from software that can handle nonlinear structural analysis and predict offshore structural failure. Subsea platforms, protecting structures, and drilling templates are other areas of focus. Physical space constraints and remote locations necessitate advanced solutions. Technical development continues with on-premise software and managed services, offering customized solutions for various industries. Offshore structures in marine environments face unique challenges, and software must provide accurate information on environmental loads and performance under extreme conditions. Overall, the market is expected to continue growing as offshore structures become increasingly complex and critical to various industries. 

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Market Challenges

The global offshore structural analysis market faces a significant challenge due to the shortage of a digitally skilled workforce capable of effectively operating offshore structural analysis software. Companies require a workforce familiar with software platforms for building models and designs, as well as analyzing the outcomes of these solutions. The ability to use connected systems and integrated software applications is essential for analyzing, designing, and simulating the response of complex offshore structures and vessels. However, the lack of workers with combined skills in both software platforms and offshore structure analysis is a major hindrance to market growth. To effectively use offshore structural analysis software, workers must be knowledgeable in areas such as nonlinear structural analysis, dynamic response analysis due to environmental loads, impact effects analysis, and severe accidental loadings analysis. For instance, analyzing the setup of an offshore structure like a wind turbine using offshore structural analysis software necessitates an understanding of the software platform to explore design options, comprehend behavior, and accurately predict the structural performance of offshore wind farm platforms. Consequently, the absence of a skilled workforce with a combined understanding of software platforms and offshore structures is a significant barrier to market expansion during the forecast period.The Offshore Structural Analysis Software Market faces unique challenges in the maritime industry. Key challenges include analyzing complex structures like skidding systems and tension decks for offshore oil and gas platforms and subsea platforms. End users in defense, maritime, power generation, and government sectors require software to protect structures from extreme weather conditions, environmental loads, and physical space constraints in remote locations. Offshore structural analysis software must cater to architects and engineers, providing cloud-based and on-premise solutions, managed services, and professional services. Financial performance and initial investment are crucial considerations, with nonlinear structural analysis essential for predicting performance and preventing offshore structural failure. Cloud-based software deployment and cloud-based computing offer flexibility, while deployment services ensure seamless integration. Power production platforms and drilling templates require specialized analysis. Ground-level workers need user-friendly software to effectively manage and mitigate risks. Market players must address the challenges of managing large amounts of data related to marine, offshore structures, and environmental loads information. Technical development and investment expense are ongoing priorities for companies in this market.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This offshore structural analysis software market report extensively covers market segmentation by  

End-user 1.1 Oil and gas1.2 Maritime1.3 Power generation1.4 Government and defenceGeography 2.1 North America2.2 Middle East and Africa2.3 Europe2.4 APAC2.5 South America

1.1 Oil and gas-  The Offshore Structural Analysis Software Market is experiencing significant growth due to increasing offshore oil and gas exploration activities. Companies are investing in advanced software solutions to design and analyze offshore structures for improved safety, efficiency, and cost savings. These software tools enable engineers to simulate various environmental conditions, perform structural analyses, and optimize designs in a virtual environment. This results in reduced physical testing, faster time-to-market, and enhanced operational excellence. Market leaders include Siemens, ABS, and DNV GL, offering comprehensive solutions to cater to the evolving needs of the industry.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

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Research Analysis

The Offshore Structural Analysis Software market caters to the design, analysis, and optimization of offshore structures used in various industries such as Marine, Oil and Gas, Power Generation, Government and Defense. These structures include subsea platforms, offshore wind turbines, and other marine constructions. The software helps architects and engineers to analyze and predict the performance of offshore structures under extreme weather conditions, environmental loads, and physical space constraints. It utilizes nonlinear structural analysis to account for complex loading scenarios and potential offshore structural failure. End customers include maritime industries, defense organizations, and government agencies. Cloud-based computing enables easy access to environmental loads information and allows for real-time performance prediction. Ground-level workers and engineers benefit from the software’s ability to protect structures and ensure safety in remote locations. The initial investment in offshore structural analysis software can be high, but the long-term benefits in terms of improved design, reduced construction costs, and increased operational efficiency make it a valuable investment.

Market Research Overview

The Offshore Structural Analysis Software market caters to the design, analysis, and optimization of offshore structures used in various industries such as Marine, Oil and Gas, Power Generation, Government and Defense, and Environmental loads assessment. This software is essential for architects and engineers to ensure the structural integrity of offshore platforms, drilling templates, skidding systems, tension decks, and subsea protecting structures under extreme weather conditions and physical space constraints. The market offers both cloud-based and on-premise solutions, along with deployment services, managed services, and professional services. End users include maritime, defense, architects and engineers, and power production companies. The investment expense for offshore structural analysis software includes the initial investment for the software and ongoing costs for technical development and performance prediction. The software helps in analyzing nonlinear structural behavior, predicting offshore structural failure, and providing environmental loads information to ensure financial performance and safety for ground-level workers.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userOil And GasMaritimePower GenerationGovernment And DefenceGeographyNorth AmericaMiddle East And AfricaEuropeAPACSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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AI-Powered Connectivity: APAC Charts a Path to a Smarter Digital Future

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Asia-Pacific’s first Broadband Development Summit brings regulators and operators to Bangkok to set the agenda

BANGKOK, July 19, 2026 /PRNewswire/ — Government officials, standards bodies and telecom operators gathered in Bangkok on 14 July for the inaugural Broadband Development Summit APAC 2026, convened by the World Broadband Association (WBBA) to build consensus on AI-era networks.

Participants included the ITU, Thailand’s National Board of the Digital Economy and Society, WBBA, IAB, FNCAP, WAA, NIDA and the IPv6 Council, alongside operators Telkomsel, XLSmart, Surge, Globe, AIS, CMI and HKT and Huawei.

Denny Deng, President of Huawei Asia Pacific Carrier Business, envisions a “faster, smarter, greener” Asia-Pacific.

VOICES FROM THE SUMMIT

“To seize the opportunities of the AI era, we call on the industry to accelerate broadband evolution, advance computing-network synergy, and strengthen the cross-border connectivity. Together, let us build faster, smarter, and greener digital infrastructure for Asia-Pacific.”
— Denny Deng, President of Asia Pacific Carrier Business, Huawei

“High-speed broadband is no longer just about ‘getting online’ — it is the vital infrastructure upon which the entire AI revolution is being built. We view AI not merely as a tool, but as a primary engine for national competitiveness and a catalyst for improving the quality of life for all.”
— Wetang Phuangsup, Ph.D., Secretary-General, the National Board of the Digital Economy and Society, Thailand

“Three initiatives define the road to 2030. We must close the quality divide so the value of broadband reaches everyone. We must build AI-ready networks — 10G access, 800GE cores, intelligence end to end. And we must do it together, through shared standards.”
— Martin Creaner, Director General of WBBA

“Moving towards next-generation networks, network architectures must continue to evolve to deliver broader connectivity, superior quality, enhanced security, and greater intelligence. This evolution is essential for Net5.5G, positioning the network not simply as infrastructure, but as the foundation that enables AI, strengthens resilience and efficiency, and supports digital transformation across industries.”
— Dhruv Dhody, Industry Standardization Expert at Huawei, Chair of the IAB, IETF

“Across Asia-Pacific, fibre is extending beyond homes and offices into rooms, devices, and machines. By working together, we can accelerate fibre innovation and adoption to build truly AI-ready infrastructure.”
— Ilham Nandana, Chair of the Market Intelligence Committee, Fiber Network Council APAC (FNCAP)

“We fixed it before you feel it!  AIS is redefining premium home broadband by combining ultra-fast connectivity with AI-driven network intelligence and smart home ecosystem — delivering proactive, invisible service excellence that transforms connectivity into differentiated customer value and sustainable ARPU growth.”
— Thanit Chaiyaboonthanit, Head of Technology Department, Broadband Business, AIS

“Connecting the Unconnected: Affordable Broadband at Scale. Create equal access to global information and empower Indonesia’s digital society.”
— Shannedy Ong, CTO of Surge Indonesia

“Beyond Connectivity: Telkomsel is transforming into a true value creator. By leveraging our FBB market-leading footprint, we power growth through service excellence, customer loyalty, and a next-generation home ecosystem.”
— Stanislaus Susatyo, Director of Sales, Telkomsel Indonesia

“We stopped treating AI as an add-on feature. Instead, our approach at Globe starts with architecture, embedding intelligence into the very core of how we build, how we sell, and how we operate.
AI continuously monitors network health, customer behavior and service quality. Rather than waiting for failures, the system predicts degradation and initiates corrective actions. By maintaining minute-level awareness of network health, our systems automatically resolve 30% of all Wi-Fi issues without any human intervention.”
— Danny Theseira, Head of Broadband Business Group at Globe Telecom

“Huawei is driving the Optics-AI Synergy to foster their collaborative growth. Through AI-ON, operators could build an AI-centric all-optical target network and establish 1-5-20ms latency circles across the Asia Pacific region. AI-ON also supports efficient computing access and usage while delivering an ultimate network experience through gigabit/ultra-gigabit home broadband, accelerating the widespread adoption of AI services.”
— Kim Jin, Vice President & Chief Marketing Officer Optical Business Product Line, Huawei

“Connectivity is not just about technology. It is a lifeline, a platform for opportunity, and a driver of sustainable development. I believe the intersection of connectivity and artificial intelligence will shape the future of smarter, more resilient networks.”
— Dr. Cosmas Zavazava, Director of the Telecommunication Development Bureau, ITU

“Performance and user experience are the essential path to the next-generation WLAN. Based on standards and AI-driven innovation, let’s jointly explore the path to the future autonomous WLAN with all the stakeholders.”
— Dr. Crane H. Yang, Secretary-General, World WLAN Application Alliance (WAA)

“At the summit, NIDA and WBBA signed an MOU to accelerate next-generation network evolution and establish pioneering smart city benchmarks through the co-development of industry standards, the harmonization of global regulations, and the sharing of vertical industry insights.
NIDA focuses on advancing network architecture standards, while WBBA drives global consensus on broadband evolution. This natural strategic complementarity creates vast opportunities for future collaboration.”
— Joey Deng, Secretary-General of NIDA

“ION-2030 develops the global standard for next generation optical networks in the AI era. It provides exceptional AI application and service experience. The WBBA and ITU will jointly accelerate its development, and this is a unique opportunity for Asia-Pacific stakeholders to actively influence the future of optical broadband networks.”
— Dr. Marcus Brunner, Chief Expert Standardization, WBBA WG1 Chair and Vice-Chair of ETSI ISG F5G

“The transition into the AI era demands a high-quality, deterministic digital foundation. By releasing Net5.5G policy guidelines, Malaysia is accelerating the evolution of next-generation network standards based on IPv6, establishing an innovative infrastructure to unleash AI’s value and drive a prosperous digital economy for 2030.”
— Prof. Sureswaran Ramadass, Chair of APAC at IPv6 Council, Industry Partner of WBBA

“The digital economy is thriving across the Asia-Pacific region, with AI emerging as a core catalyst for intelligent transformation. China Mobile International (CMI) is driving regional growth by integrating China’s advanced AI capabilities with comprehensive communications, computing, and AI services. Moving forward, CMI will collaborate closely with industry partners to foster a shared, AI-driven future for the region.”
— Paul Lin, Managing Director of Commercial and Technology, Asia Pacific, China Mobile International

“Next-generation network infrastructure is the oxygen of the intelligent economy. By integrating cutting-edge 800G connectivity with quantum-safe security, HKT is laying the essential foundations to keep Hong Kong’s enterprises highly competitive, secure, and ready for the computing paradigm shifts of tomorrow.”
— Wilson Cheung, Vice President, Broadband Design & Cyber Security, HKT

“The evolution toward Net5.5G AI WAN is an important step in strengthening XLSMART’s transport network for the future. By progressively adopting AI-assisted operations, SRv6, SDN, service differentiation, and higher-capacity transport infrastructure, we are enhancing network intelligence, operational efficiency, and service resilience while supporting long-term sustainability. This transformation is a continuous journey that aligns with the industry’s vision of AI-native broadband networks. Through collaboration with our technology partners and the broader ecosystem, we will continue to develop capabilities that deliver better network performance and support Indonesia’s growing digital connectivity needs.”
— Regie Ginanjar, Head of Transport Autonomy & Orchestration, Transport Network Transformation, XLSMART

“For the AI era, Huawei upgrades the IP bearer network via security resilience, multi-dimensional awareness, and network autonomy. This empowers carriers to guarantee service experience, accelerate monetization, and enhance efficiency, ushering in a new chapter of intelligent connectivity.”
— Arthur Wang, Vice President of Data Communication Product Line, Huawei

A CONVERGING VIEW

Speakers agreed AI is shifting networks from connectivity to intelligent connectivity, as broadband, IP, computing and cross-border infrastructure converge to support innovation and coordination.

WBBA launched the AI-Net Certification, a global benchmark for national policy, industrial ecosystems and network intelligence. XLSmart was named first AI-Net Champion, and Indonesia was among the first with a certified operator, backed by its Net5.5G roadmap.

In another high-profile segment, WBBA Director General Martin Creaner presented the Gigacity Certification to KOMDIGI, SURGE, Telkomsel, AIS, TRUE, HKT and Globe, recognizing regional broadband pioneers.

 

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SOURCE HUAWEI

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Laifen Expands U.S. Retail Footprint with Costco Launch of Best-Selling SE Hair Dryer

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Starting July 18, Costco Members Can Shop Laifen’s Award-Winning Hair Dryer in Select Warehouse Locations Across the U.S.

NEW YORK, July 18, 2026 /PRNewswire/ — Laifen, ranked the world’s No.1 high-speed hair dryer brand, today announced the launch of its best-selling SE High-Speed Hair Dryer at select Costco warehouse locations, marking the brand’s largest U.S. retail expansion to date and bringing its award-winning haircare technology to Costco members across select U.S. markets.

The launch brings Laifen’s award-winning haircare technology to Costco, making it easier for consumers to experience the brand through one of the nation’s leading membership retailers. Laifen joins Costco’s growing portfolio of premium beauty and personal care brands. The initial rollout includes select Costco warehouse locations across the United States, with a strong presence across the Western U.S., including California, the Pacific Northwest and the Southwest.

Costco’s reputation for quality and its highly selective merchandising approach make this partnership especially meaningful. The Costco launch reflects Laifen’s continued expansion beyond direct-to-consumer channels as the brand accelerates its U.S. omnichannel retail strategy. “Costco represents an important milestone in our U.S. retail strategy,” said Romeo, General Manager of International Business of Laifen. “As more consumers seek salon-quality performance at an accessible price, we’re excited to make Laifen available through one of America’s most trusted retailers.”

Engineered to deliver professional-level performance in a sleek, lightweight design, the Laifen SE is powered by the brand’s proprietary high-speed brushless motor, delivering fast drying, reduced heat damage and smoother styling. An intelligent temperature control system continuously monitors airflow to help minimize frizz while protecting hair from excessive heat.

The Costco launch represents the next phase of Laifen’s U.S. retail expansion as the brand continues to grow beyond its direct-to-consumer and online channels. By expanding into one of the nation’s most trusted retailers, Laifen aims to broaden access to its category-disrupting haircare solutions while advancing its mission to bring more thoughtful design and everyday excellence into more homes.

The Laifen SE High-Speed Hair Dryer in White will be available at select Costco locations, while Costco.com shoppers will have access to additional color options including Purple and Pink, alongside the White model.

For more information on Laifen, please visit LaifenTech.com.

About Laifen: 

Founded in 2019, Laifen is a global personal care technology brand combining high-performance engineering with modern design across hair care, oral care, and grooming categories. Ranked the world’s No. 1 high-speed hair dryer brand by Euromonitor International, Laifen first gained recognition for its self-developed 110,000 RPM high-speed brushless motor, the proprietary technology behind its award-winning hair dryers.

Building on this innovation, Laifen has expanded its portfolio to include electric toothbrushes and shavers, delivering premium technology and elevated everyday experiences to consumers worldwide. Today, Laifen products and accessories are used by over 22 million households across more than 60 countries, supported by more than 600 patents and recognized with over 50 international design and innovation awards. Driven by continuous technological breakthroughs, Laifen is committed to making cutting-edge personal care technology more accessible to consumers around the world.

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Pillsbury Notice of Data Breach

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NEW YORK, July 18, 2026 /PRNewswire/ — Pillsbury Winthrop Shaw Pittman LLP (“Pillsbury”) was among many law firms targeted by sophisticated social engineering attempts in an incident last year. While the firm quickly detected and blocked the activity, an unauthorized actor was able to access some of the firm’s documents during a short window of time. Pillsbury notified any impacted clients last year and undertook a detailed process to review the accessed documents for personal information. Pillsbury then began notifying individuals whose personal information was affected. That process is now complete, and today, Pillsbury is publishing substitute notice as a final step.

For more information, please visit the substitute notice on our website at https://www.pillsburylaw.com/en/breach-notice.html

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SOURCE Pillsbury Winthrop Shaw Pittman LLP

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