Software such as CAD, AEC, CAM, CAE, and EDA is used across engineering disciplines. CAD, for instance, is used in computer programs to create two- or three-dimensional graphical representations of physical objects. Likewise, CAM is used to control machine tools for manufacturing work pieces. The advent of engineering software is associated with streamlining the otherwise complex mechanical and infrastructural designs. Engineering software provides a highly competitive platform to businesses by presenting customized solutions to clients, thus, helping them differentiate their products from competitors’. The demand for automation has significantly increased across end-use sectors such as automotive, IT and telecom, energy and utility, geology and science, and media and entertainment. This has encouraged the adoption of engineering software globally. Additionally, the rising penetration of compact and portable computing devices such as smart phones and tablets has also boosted demand from the engineering software market. However, the market is likely to face challenges from the lack of technical expertise and high maintenance and license cost.
The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the engineering software market. The scope of this report covers the engineering software market by its major segments, which include the types, applications, and the major geographic regions.
KEY BENEFITS OF THE REPORT
KEY PREMIUM INDUSTRY INSIGHTS
On the basis of geography, the market may be categorized into regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America dominated the global design software market in 2014 and is expected to continue the trend over the forecast period. High adoption of cloud-based software for several American enterprises and the introduction of innovative applications for various tablets and smart phones are also expected to fuel regional market growth. Massive penetration of building information technology modeling (BIM) in upcoming construction and infrastructure projects is a major driving factor for Europe. Additionally, companies in the Middle East and Africa have also adopted enterprise-full PLM strategies that are expected to help them achieve innovation and collaboration, which in turn is anticipated to drive the profitability of the engineering software market.
The research methodology for Scalar Market Research’s engineering software market report utilizes a combination of top-down and bottom-up research formats. Our primary focus on continuous market tracking, rigorous fact-checking, data-triangulation, and multiple layers of quality control ensures high-quality data that can be leveraged for actionable research insights.
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This report analyzes the engineering software market by the following segments:
KEY MARKET PLAYERS
Key players in the engineering software market include:
GEOGRAPHIC COVERAGE AND ANALYSIS
This granular market research report covers the following geographic regions in great detail:
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