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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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SOURCE Technavio

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Technology

Baidu Announces Upcoming Inclusion of Its Class A Ordinary Shares in the Shanghai-Hong Kong Stock Connect Program

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BEIJING, Sept. 4, 2026 /PRNewswire/ — Baidu, Inc. (“Baidu” or the “Company”) (Nasdaq: BIDU; HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)), a leading AI company with strong Internet foundation, today announced that the Company’s Class A ordinary shares traded on The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”) will be included in the Shanghai-Hong Kong Stock Connect program, effective September 7, 2026.

The inclusion is pursuant to the Notice of the Adjustment of the Eligible Stocks in Hong Kong Stock Connect under the Shanghai-Hong Kong Stock Connect issued by the Shanghai Stock Exchange on September 4, 2026.

Following the inclusion, eligible investors in the Chinese Mainland will have direct access to the trading of Baidu’s Class A ordinary shares through the Shanghai-Hong Kong Stock Connect. The inclusion marks an important step toward expanding the Company’s reach among Chinese Mainland investors and is expected to further diversify its investor base and enhance the liquidity of its shares.

Baidu appreciates the continued support of its shareholders and investors and remains committed to driving sustainable growth and creating long-term value for shareholders.

About the Shanghai-Hong Kong Stock Connect

The Shanghai-Hong Kong Stock Connect established a two-way trading link between the Shanghai Stock Exchange and the Hong Kong Stock Exchange. The stock connect allows qualified Chinese Mainland investors to access eligible Hong Kong shares (Southbound) as well as Hong Kong and overseas investors to trade eligible A-shares (Northbound), subject to a certain amount of daily quota.

About Baidu

Founded in 2000, Baidu’s mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong Internet foundation, trading on Nasdaq under “BIDU” and HKEX under “9888”. One Baidu ADS represents eight Class A ordinary shares.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, Baidu’s and other parties’ strategic and operational plans, contain forward-looking statements. Baidu may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in announcements made on the website of the Hong Kong Stock Exchange, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Baidu’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Baidu’s growth strategies; its future business development, including development of new products and services; its ability to attract and retain users and customers; competition in the Chinese Internet search and newsfeed market; competition for online marketing customers; changes in the Company’s revenues and certain cost or expense items as a percentage of its revenues; the outcome of ongoing, or any future, litigation or arbitration, including those relating to intellectual property rights; the expected growth of the Chinese-language Internet search and newsfeed market and the number of Internet and broadband users in China; Chinese governmental policies relating to the Internet and Internet search providers, and general economic conditions in China and elsewhere. Further information regarding these and other risks is included in the Company’s annual report on Form 20-F and other documents filed with the Securities and Exchange Commission, and announcements on the website of the Hong Kong Stock Exchange. Baidu does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release and in the attachments is as of the date of the press release, and Baidu undertakes no duty to update such information, except as required under applicable law.

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SOURCE Baidu, Inc.

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Italy is participating to the 26th China International Fair for Investment and Trade (CIFIT) which opens in Xiamen from 8-11 Sept.

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ROME and XIAMEN, China, Sept. 4, 2026 /PRNewswire/ — Curated by the Italian Trade Agency (ITA), in collaboration with the Ministry of Enterprises and Made in Italy (MIMIT), the Official Italian Pavilion is being unveiled at CIFIT in Xiamen. Italy is exhibiting at this edition of the main Investment Fair in China under the theme “Italy, a land of opportunities”.

As the world’s eighth-largest economy and the EU’s second-largest manufacturing powerhouse, Italy has solid policy support for FDI attraction, together with a strong industrial base.

This promotion event, aimed not only at Chinese investors, focuses on showcasing Italy’s strategic advantages as a key investment destination in Europe, explaining the Italian government’s one-stop, full-cycle support services for foreign companies, and giving a comprehensive overview of Italy’s investment policies, laws and regulations, incentives, business environment and top investment opportunities.

The exhibition provides an opportunity to highlight Italy’s business policies and free economic zone incentives in areas like automotive, aerospace, green supply chains, circular economy and life science. A comprehensive list of investment opportunities in the Italian real estate sector is available to all interested parties.

High level officials from the STCAIE and UMASI of the Italian Minister of Enterprises and Made in Italy, the governmental program Invest in Italy, including ITA’s FDI Attraction Desks in Beijing and Hong Kong, and senior specialists from Invitalia (the Italian Agency for FDI attraction) will provide one‑stop investment advisory services for enterprises throughout the Fair.

Multiple thematic seminars will be hosted onsite, including “Policies and Opportunities for Foreign Direct Investment in Italy”, scheduled for the afternoon of September 8, with presentations and Q&A sessions for enterprises to learn about Italy’s FDI support system.

Chinese and international companies interested in investing in Italy can collect extensive information on investment procedures, project proposals, incentives and policy benefits.

According to representatives from the Italian Trade Agency, CIFIT offers valuable opportunities for bilateral industrial collaboration. Italy values its economic and trade ties with China. It welcomes Chinese investment in Italy and supports Italian firms in expanding in China. Both sides will leverage industrial complementarities to deepen two‑way investment, technical synergy and industrial‑chain cooperation for win‑win outcomes.

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SOURCE Italian Trade Agency

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Storiad Introduces the Author Marketing OS

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New software category gives authors a unified system to plan, execute and manage book marketing

CHARLESTON, S.C., Sept. 4, 2026 /PRNewswire/ — Storiad today introduced the Author Marketing OS, a new category of software designed to give authors a single system for planning, executing and managing the marketing of their books.

Authors have never had more tools available to market their books. They have social media platforms, email services, advertising platforms, AI tools, websites, databases and countless other resources. Yet those tools remain largely disconnected, leaving authors to figure out how to organize the entire job of marketing a book themselves.

Storiad’s premise is simple: authors don’t need more marketing tools. They need a system for using them.

“Authors are expected to market their books like businesses, but they’ve never really had that kind of software businesses use to manage their marketing,” said Ramzi S. Hajj, founder of Storiad. “We’ve had writing software. We’ve had publishing software. We’ve had thousands of individual marketing tools. What we’ve been missing is an operating system for the whole job of marketing a book.”

A New Category for an Old Problem

Marketing a book involves far more than creating a few social media posts or sending emails to a limited list.

Authors need to identify their target readers, establish marketing goals, develop a strategy, create promotional materials, find relevant media and industry contacts, conduct outreach, follow up, maintain visibility and measure what is working.

Those activities have traditionally been handled across multiple tools, documents and services.

Storiad brings them together in a single platform designed specifically around the author’s book marketing workflow.

The company defines an Author Marketing OS as “a unified system that organizes the major functions of book marketing, including strategy, planning, execution and optimization.” Rather than replacing every marketing tool an author may use, the Storiad OS provides the strategic and operational structure that connects those activities.

Storiad is introducing the Author Marketing OS as a new software category built specifically around the job of marketing a book.

From Strategy to Execution

At the center of Storiad’s approach is Book Promotion nMotion™, a proprietary system that helps authors turn a book marketing strategy into an actionable campaign.

Book Promotion nMotion™ organizes promotion around eight core areas:

Promotional Asset CreationMarket ResearchSocial Media ManagementEmailing & Follow-upNetworkingMarketingPublicityBlogging & Newsletter

For each area, authors can develop strategies, planning documents and step-by-step checklists designed to move their campaigns from ideas to action.

“There’s a really big difference between giving an author a marketing plan and giving an author a system they can actually use to run the campaign,” said Hajj. “Our goal is to make book marketing something an author can learn, organize, execute and improve upon over time.”

Built Around the Author’s Book Sales Goal

Storiad begins with a simple question for the author:

How many books do you want to sell?

Its Book Sales Calculator helps authors establish a specific sales target and understand the marketing activities required to pursue it. From there, the platform provides tools and workflows for building and managing a campaign around that book sales goal.

The platform includes CRM-style contact management, a database of more than 52,000 verified book promotion contacts, marketing planning tools such as a Target Reader Profile, email outreach, social media tools, an author website builder, a press room, publicity resources, campaign management and other book marketing capabilities.

Storiad is being used by thousands of authors, giving the company real-time experience developing software around the practical challenges authors face when promoting their books.

AI as Part of the Marketing System

The Author Marketing OS also incorporates StoriA, Storiad’s AI Author Assistant.

StoriA is designed to help authors work through the marketing process, from developing strategies and plans to creating marketing materials and determining what to do next.

“AI is very good at creating things,” said Hajj. “But creating another piece of content isn’t necessarily the answer to an author’s marketing problem. The bigger questions center around who should I reach, what should I say, what should I do next, and how does this fit into my overall campaign? That’s where we think AI can become much more useful to authors.”

Building the Author Marketing OS

The need for an Author Marketing OS comes from a simple reality of today’s publishing environment: authors are increasingly responsible for marketing their own books.

At the same time, the number of tools available to them continues to grow.

Storiad believes the answer is not another standalone marketing tool.

It is a system.

“The ultimate goal is pretty simple,” said Hajj. “We want to help authors take control of their book marketing and sell more books.”

Storiad is making its Author Marketing OS available to authors through its software platform.

For more information, visit www.storiad.com.

About Storiad

Storiad is the first Author Marketing Operating System, designed to help published authors plan, execute and manage their entire book marketing lifecycle in one place. The platform combines marketing strategy, structured workflows, AI-powered assistance, CRM-style contact management, research, outreach and campaign execution.

Storiad’s mission is simple: help authors sell more books.

Media Contact
Ramzi S. Hajj
Founder & CEO, Storiad, Inc.
ramzi@storiad.com
626.676.4142

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SOURCE Storiad, Inc.

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