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The Global Engineering Design Software Market Was Valued At $16.2 Billion In 2017 According to TBRC’s Latest Report

04-03-2018 10:43 AM CET | IT, New Media & Software

Press release from: The Business research company

Engineering design tools are essentially software applications and supporting services that are used for the creation of infrastructure and plant physical assets. All phases of engineering work used for the design, construction, turnover, and initial operations and maintenance for industrial facilities and infrastructure are included.

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The market was valued at $16.2 billion in 2017, and it is expected to be driven by the need for innovation and high-quality products. North America was the largest geographic region accounting for two-fifths of the global market.

The engineering design market in the report is split into the following segments: computer-aided design, and electronic design automation software.

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The USA was the largest country in the market accounting for nearly two-fifth of the global engineering design software market.

The top five competitors in the market are Autodesk, Inc., Bentley Systems, Inc., Dassault Systems’ S.A., IBM Corporation, and Siemens PLM Software Inc. Autodesk, Inc. was the biggest player in the engineering design market in 2017 with revenues exceeding $2 billion in 2017. Autodesk makes software for the architecture, engineering, construction, manufacturing, media, and entertainment industries.

About The Business Research Company.

The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.

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The Business Research Company
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Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info

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