Browse
the full Engineering Software Market report at:
Market
Growth Due to Demand for Mobile Engineering Software
Growth of the global engineering software market has been augmented
due to the intensifying need for integrated solutions for analyzing
and designing engineering systems and automation. The proliferation
of mobile devices such as smartphones, laptops, and tablets has
accelerated the use of engineering software by increasing
accessibility of engineering software. Market growth of engineering
software has also been due to increased use of cloud based versions.
Major restraints for the engineering software market include lack of
technical know-how in operating the software and its high maintenance
costs. High licensing costs are also among the restraining factors
for engineering software.
North
America Leads Market Due to Demand for Cloud Based Software
Segments of the engineering software market on the basis of software
type include CAE software, AEC software, EDA software, and CAM
software. There was great demand in the first few years of this
decade for CAD software and this trend is set to continue during the
forecast period, indicated by the nearly 50% share held by CAD
software in the global market. CAD software is being used worldwide
due to growth in accessibility of the software through mobile
technologies. This trend is maximizing the implementation of CAD
software, especially in the APAC region. Additionally, rise in the
use of new engineering modes such as building information modeling,
3D modeling, 3D printing, and concurrent engineering are major
drivers for the engineering software market.
Browse
the Press Release of Engineering Software Market at:
Application segments for the global engineering software market are
product design and testing, 3D modeling, drafting, design automation,
and others. Enterprise resource planning, knowledge management,
project management, and 3D printing services are some of the elements
in the miscellaneous category of other applications. Product design
and testing is estimated to continue its high growth rate and grow
upon its 25% market share due to enablement of remote connectivity,
which allows analysis and investigation of products in the field
without being physically present on the site. The fastest growing
application segment of the engineering software market is drafting
and 3D modeling, due to growing use in marketing, advertising, and
geology and other scientific fields.
Geographically, North America is estimated to lead the market during
the forecast period, with its share in the global market already
exceeding 30%, which is due to increased use of cloud-based software.
Market growth in Latin America is anticipated to increase and
engineering software demand is set to exhibit a high growth pattern
in the coming years in countries such as Mexico, Argentina, Brazil,
and countries in the Middle East during the coming years. Initiatives
and investment by governments are also major market drivers for
engineering software. In Asia Pacific, the ongoing construction boom
is contributing to the expansion of the market for engineering
software. Major market leaders in the engineering software market
include IBM Corporation, Siemens PLM Software, Inc., MSC Software
Corporation, Bentley Systems, Inc., SAP SE, PTC, Inc., Dassault
Systemes, S.A., and Synopsys, Inc.
Get
the Free Sample Research Report at:
About Us
Transparency Market Research (TMR) is a global market intelligence
company, providing global business information reports and services.
Our exclusive blend of quantitative forecasting and trends analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of Analysts, Researchers, and Consultants,
use proprietary data sources and various tools and techniques to
gather and analyze information.
Our data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
Contact
Mr. Atil Chaudhari
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email:
sales@transparencymarketresearch.com
No comments:
Post a Comment