Albany, NY, April 25, 2016 (GLOBE NEWSWIRE) -- The report states that the primary driver for the global engineering software market is the growing demand for automation, along with an additional demand for integrated solutions adoption. The solutions are aimed at addressing and analyzing the design issues of engineering systems. This is currently creating a global increase in demand from the global engineering software market.
The global engineering software market is also expanding thanks to the larger number of consumer electronics, mainly smartphones and tablets, that have entered the market. Their incorporation into the modern lifestyle has made it easier for engineers to stay in touch with technology and use the tools they desire. The global engineering software market benefits from this with the introduction of products and services that can be launched on consumer electronic products. The global engineering software market was valued at US$ 19.98 billion in 2014 and is forecast to grow at a CAGR of 12.4% from 2015 to 2022.
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This research study, entitled “Engineering Software (CAD, CAM, CAE, AEC, & EDA) Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2022”, provides strategic analysis of the global engineering software market along with the market growth (size in US$ Bn*) forecast for the period from 2015 to 2022. The report includes an in-depth analysis of the market drivers, restraints, opportunities, and industry trends. It also highlights the significant growth opportunities for engineering software in the next few years.
The report provides an extensive assessment of stakeholder strategies and the winning imperatives in the engineering software market and also analyzes the current and future engineering software market potential. The report segregates the engineering software market based on engineering software type and applications across different geographies, which include North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and Latin America (LATAM).
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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.
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The key market players profiled in this report include 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. A significant opportunity for the key players lies in the growing demand of engineering software across marine, ship building and offshore sectors in order to provide reliable operating platform to overcome with extreme weather conditions, physical space constraints, and remote locations.
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