Software Engineering Market 2018 Global Leaders: MSC Software, Dassault Systemes, Bentley Systems, Autodesk, Synopsys, PTC, Ansys

Market Research Future published a research report on “Software engineering Market Research Report- Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.

Market Scenario:

Software engineering is a process of designing, constructing, and testing software by analyzing needs of end user. In software engineering, programs are written and designed for computers or other electronics products. It ensures that the application is developed correctly, consistently, on time and in budget within the given requirements.

Software Engineering Market by application is segmented as automation design, plant design, product design, and 3D modeling. Automation design is expected to dominate the market with the largest share due to Increasing demand for automation around various sectors such as IT & Telecom, automotive, energy & power, and media & entertainment. Automation design software performs the pre-scripted tests on a software application which has various benefits such as it saves time and money, less man power, and provides more precision. For instance, during the development of the software, testing have to be repeated to ensure quality. Manually performing the testing can be costly and slow. Automation testing can significantly reduce the cost as automated test once created can be run in repeated manner as well as they have capability to verify lengthy test in less time.

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Further, software engineering market is segmented into type which consists CAD, CAM, CAE, AEC, and EDA. The CAD is expected to dominate the market with the largest share due to its adoption in various end user verticals such as Aerospace & Defence, Automotive, Banking, and Telecommunication to design the crucial body parts. In Aerospace & Defence sector, CAD is used to prepare the crucial designs which requires immense accuracy in the implementation of missiles and weapons. The factors of the CAD software such as low percentage error, time saving, high accuracy are contributing to the growth of the market throughout. The global Software engineering market is expected to grow at CAGR of ~15% and estimated to reach at market size of US ~$50 billion by the end of forecast period.

Key Players

The major players operating in the market of Software engineering are - Autodesk, Inc.(U.S.), Bentley Systems, Inc. (U.S.), Dassault Systemes S.A (France)., IBM Corporation (U.S.), Geometric Ltd. (India), Siemens PLM Software, Inc.(U.S.), SAP SE (Germany), Synopsys, Inc. (U.S.), PTC, Inc.(U.S.), Ansys, Inc. (U.S.), and MSC Software Corporation (U.S.), and others

Software Engineering Market Segmentation:

The global software engineering market is segmented by software type, application and end-user. By software type the market is sub-segmented into Computer-Aided Designing (CAD), Computer-Aided Manufacturing (CAM), Computer-Aided Engineering (CAE), Architecture, Engineering and Construction (AEC), Electronic Design Automation (EDA). By application the market is segmented into Automation Design, Plant Design, Product Design, 3D Modelling and others. By end-user segment the market is segmented into Aerospace & Defense, Automotive, Banking, IT & Telecommunication, Oil & Gas, Healthcare and others.

Market Research Analysis:

North America is estimated to account for the largest share of the market, whereas Asia-Pacific market is projected to grow at the fastest rate during the forecast period. The North American market is witnessing rapid growth due to technological advancements and increasing demand for efficient telecom platforms across different industry verticals in this region. U.S. holds majority of the market share both in terms of revenue as well as adoption of cable in providing greater bandwidth.

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Intended Audience

• Computer Software Developer
• Embedded Software Engineer
• IT Software Engineer
• Government
• Mobile Based Financial Service Providers And Distributors
• Research Institutes & Universities

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