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Global Engineering Software (CAD, CAM, CAE, AEC, & EDA) Market Growth Focusing on Trends & Innovations during the Period Until 2022
MRRSE
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Global engineering software market is estimated to expand at a CAGR of 12.4% during the period between 2015 and 2022. The report, titled “Engineering Software Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022”, projects the global engineering software market to reach a valuation of US$50.34 bn by 2022. The overall market was worth US$19.98 bn in 2014.
The report points out that the ability of engineering software to shorten the product development lifecycle, coupled with the increased adoption of cloud-based engineering software, has boosted the market. The wide availability of portable computing devices has further fuelled the market for engineering software. Rising demand for industrial automation and significant growth in the global construction industry will propel the overall market during the forecast period.
However, the report states that the lack of technical expertise in operating engineering software, coupled with high maintenance and license costs, will restrain the market’s growth. The global engineering market has a huge opportunity to grow with increasing demand for automation, especially across oil and gas, and off-shoring industries.
On the basis of application, the global engineering software market has been segmented into plant design, design automation, drafting and 3D modeling, product design and testing, and others including 3D printing, enterprise resource planning, project management, and knowledge management. Drafting and 3D modeling is expected to be the fastest-growing segment in the market owing to the rising usage of 3D modeling in various fields such as geology and science, textbook publishing, media and entertainment, and construction activities.
The report segments the global engineering software market, on the basis of engineering software type, into computer-aided design (CAD) software; computer-aided engineering (CAE) software; computer-aided manufacturing (CAM) software; architecture, engineering, and construction (AEC) software; and electronic design automation (EDA) software. Furthermore, the global engineering software market is segmented by applications into design automation, plant design, product design & testing, drafting & 3D modeling, and other applications. The other applications segment includes 3D printing, enterprise resource planning, project management, and knowledge management.
The competitive positioning of key engineering software vendors in the global engineering software market mentioned in the report provides a detailed understanding of the various players in the market. The market position of the companies is identified based on factors such as product/service portfolio mix, geographic presence, tenure (duration of activity in the market), and their recent key developments. The competitive strategies implemented by leading engineering software vendors on a global scale are also provided in the report. The study analyzes the global engineering software market, and provides revenue estimates in terms of US$ Bn for the period from 2013 to 2022, wherein the forecasts are for the period from 2015 to 2022. The market forecasts are based on the analysis of existing dynamics and their potential future impact. Market estimates have been analyzed by taking into account the impact of various economic, political, technological, social, and legal factors, as well as the existing market dynamics influencing market growth.
Complete Report details with List of Tables and Figures @ https://www.mrrse.com/engineering-software-market
The engineering software market is moderately fragmented in nature. Autodesk, Inc., Bentley Systems, Inc., Dassault Systemes S.A., IBM Corporation, Geometric Ltd., Siemens PLM Software, Inc., SAP SE, Synopsys, Inc., PTC, Inc., Ansys, Inc., and MSC Software Corporation are a few key players operating within the global engineering software market.
The global Engineering Software market is segmented as below:
Global Engineering Software Market, By Software Type
Computer-Aided Designing (CAD) Software
Computer-Aided Engineering (CAE) Software
Computer-Aided Manufacturing (CAM) Software
Architecture, Engineering and Construction (AEC) Software
Electronic Design Automation (EDA) Software
Global Engineering Software Market, By Applications
Design Automation
Plant Design
Product Design & Testing
Drafting & 3D Modeling
Others (3D Printing, Enterprise Resource Planning, Project Management, and Knowledge Management)
Global Engineering Software Market, By Geography
North America
Europe
Asia Pacific (APAC)
Middle East & Africa (MEA)
Latin America (LATAM)
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