Engineering Software Market to 2025 Forecast & Future Industry Trends
Engineering Software Market to 2025 - Global Analysis and Forecasts by Software Type and Applications
A significant reduction in time and cost can be achieved in the product development cycle with the introduction of engineering software such as CAD, CAM, CAE, and EDA among others. Also, engineering software provide easy accessibility to the users, thus reducing extra efforts and increasing efficiency and work quality, thereby driving its adoption. The engineering software market is further flourishing due to the rising adoption of portable computing devices at workplace coupled with easy availability of these software over cloud. Rising need of automation in process industries (such as oil & gas, manufacturing and offshoring industries among others) is expected to create new opportunities for the global engineering software market during the forecasted period.
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The lack of skilled personnel to develop and operate applications on engineering software hinders the global engineering software market. This eventually limits the number of users, thereby reducing the sales volume of engineering software. In addition, high license fees of the engineering software products makes it inaccessible for small & medium enterprises (SMEs), thus impacting the global engineering software market to an extent. High maintenance cost of the engineering software products leads to piracy which further restricts the global engineering software market.
The global engineering software market has been segmented on the basis of software type into computer-aided designing (CAD) software, computer-aided manufacturing (CAM) software, computer-aided engineering (CAE) software, architecture, engineering & construction (AEC) software, and electronic design automation (EDA) software. The global engineering software market has been further segmented by applications into Plant Design, Design Automation, Drafting & 3D Modeling, Product Design & Testing, Others (Enterprise Resource Planning, etc.).
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On the basis of geography, the global engineering software market is divided into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA) and South America (SAM). APAC region specially, China, India and South Korea, being the major contributor to global software technology, are expected to have seamless opportunities in field of automation promising substantial growth of the global engineering software market over the forecast period.
Some of the key players in the global engineering software market include Microsoft Corporation, Google Inc., Oracle Corporation, IBM Corporation, Rockwell Automation, Inc., Honeywell International, Inc., Nemetschek Vectorworks, Inc., Seimens AG, Aspen Technology, Inc., Cypress Semiconductor Corporation, Aveva Group Plc, Integraph Corporation (Hexagon AB), Dassault Systemes, KBC Advanced Technologies Plc, Schneider Electric, Cranes Software International Ltd., Autodesk, Inc., SAP SE, PTC, Inc., Corel Technology Pvt. Ltd , D'GIPRO Design Automation Pvt. Ltd., and SmartDraw LLC among others.
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Few Key Points from Table of Content
Global Engineering Software Market Revenue and Forecasts to 2025 – Software Types
Global Engineering Software Market Revenue and Forecasts to 2025 – ApplicationsPlant Design Design Automation Drafting & 3D Modeling Product Design & Testing Others (Enterprise Resource Planning, etc.)
Global Engineering Software Market Revenue and Forecasts to 2025 – Geographical AnalysisNorth America Europe Asia Pacific (APAC) Middle East & Africa (MEA) South America (SAM)
Global Engineering Software Market, Key Company Profiles Included Key Facts, Business Description, Financial Overview, SWOT Analysis and Key Developments
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, and Telecommunication industries.
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, M
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Dec 26, 2016