Software Engineering Market Size, Global Trends and Key Leaders Overview: Synopsys, Autodesk, IBM, Siemens PLM Software, SAP SE, Ansys, MSC Software, Bentley Systems

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 Highlights

Software Engineering provides software tool that is used to achieve accuracy in designing of products and components of an organization. Software Engineering are widely adopted by several end users which includes aerospace & defence, automotive, banking, telecommunication, oil & gas, healthcare, others. The Software Engineering allows end-users to develop prototypes of their products on computer before the commencement of the production. They also help architects, engineers, and design professionals draft industry-specific products that enhance the overall product development.

The market growth is attributed by the wide demand of integrated solution for designing of engineering system. Further, the Software Engineering Market is basically driven by the increasing adoption of automation across given end-use industries. The rising demand for lowering errors, to reduce the operational cost by minimizing the scrap, is driving the growth of engineering software market. There is potential rise of Software Engineering technology opportunities in the chemical industry and oil and gas industry due to the increasing demand for process analytical solutions in these industries. Moreover, the presence of Software Engineering on cloud is expected to boost the demand for engineering software over the coming years.

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.

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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

Key Findings

• By Software Type: Computer-Aided Designing (CAD) is dominating the market of Software Engineering by software type and has reached USD 5,758.65 Million in the year 2017 and is also expected to grow at a fastest CAGR of 13.28%.
• By Application: Automation Design is dominating the market of Software Engineering by application and has reached USD 6,076.05 Million in the year 2017. 3D Modelling is the fastest growing at a 13.09% CAGR.
• By End-User: Automotive is dominating the market of Software Engineering by end-user and has reached USD 5,164.26 Million in the year 2017. However, Aerospace & Defense is the fastest growing at 12.45% CAGR during the forecasted period.

Segments:

Software Engineering Market is segmented into type, application and end user. By Type it is consists of Computer aided designing (CAD), Computer aided engineering (CAM), Computer aided manufacturing (CAE), Architecture, engineering & construction (AEC), and electronic design automation (EDA). Application comprises of Automation design, Plant Design, Product Design, 3D Modelling, Others and End-User includes Aerospace & Defence, Automotive, Banking, Telecommunication, Oil & Gas, Healthcare, and Others.

Regional Analysis:

The regional analysis of software engineering market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. Asia pacific is expected to show potential growth. Emerging economies of Asia Pacific, such India, China, and Japan are major contributors in terms of technology for the growth of the software engineering market. The rising demand for automation solutions in these geographies is expected to grow the market over the forecast period. Moreover, in the gulf countries the software engineering market finds potential growth opportunities in the oil and gas industry for designing of automated systems for the industry.

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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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