Press release
Engineering Software Market driven by Incorporation with Mobile Devices
Industry Research Sample: http://bit.ly/2bXiHkC
Software such as CAD, AEC, CAM, CAE, and EDA is used across engineering disciplines. CAD, for instance, is used in computer programs to create two- or three-dimensional graphical representations of physical objects. Likewise, CAM is used to control machine tools for manufacturing workpieces. The advent of engineering software is associated with streamlining the otherwise complex mechanical and infrastructural designs. Engineering software provides a highly competitive platform to businesses by presenting customized solutions to clients, thus, helping them differentiate their products from competitors’.
The demand for automation has significantly increased across end-use sectors such as automotive, IT and telecom, energy and utility, geology and science, and media and entertainment. This has encouraged the adoption of engineering software globally. Additionally, the rising penetration of compact and portable computing devices such as smartphones and tablets has also boosted demand from the engineering software market. Thus, the report forecasts the global market for engineering software to reach US$50.34 bn by the end of 2022. However, the market is likely to face challenges from the lack of technical expertise and high maintenance and license cost.
The proliferation of bring your own device (BYOD) and other mobility trends across organizations has provided lucrative opportunities for the engineering software market to gain from. These trends facilitate convenience and promote the use of engineering software. The market is expected to witness attractive growth opportunities in the oil and gas industry. Additionally, drafting and 3D modeling is likely to exhibit the fastest growth in the global engineering software market.
Regionally, North America dominated the global engineering software market in 2014, accounting for a share of 38% in the market. The enterprises operating in this region are significantly gaining from the introduction of cloud-based engineering software. However, easy access to open source software is inhibiting the growth of the engineering software market in North America.
Browse Research Report: http://bit.ly/1Gs0eX9
In Europe, the engineering software market will be driven by the penetration of building information modeling (BIM) technologies. Asia Pacific is expected to be among the fastest growing markets for engineering software due to the burgeoning automation demand in response to the expanding construction industry.
Some of the most prominent vendors operating in the global engineering software market include Geometric Ltd., Autodesk, Inc., SAP SE, IBM Corporation, Bentley Systems, Inc., and others. The report profiles these companies based on their product portfolio, development status, and the strategies adopted.
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