DUBLIN — (BUSINESS WIRE) — December 6, 2017 — The "Engineering Software Market to 2025 - Global Analysis and Forecasts" report has been added to Research and Markets' offering.
Engineering software are used in design or manufacturing automation across a number of different engineering disciplines such as electrical engineering, electronics and communication engineering, process engineering, mechanical engineering, and chemical engineering among others. Despite steady growth in the past few years, the global engineering software market is expected grow considerably during the forecast period, expanding its use in various application areas and untapped opportunities.
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.
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.).
North America with high adoption of engineering software, especially cloud-based, leads the global engineering software market and is expected to continue its dominance over the forecast period. A similar trend is expected within Europe region, owing to a high adoption of cloud-based solutions and services. The key players in the global engineering software market are looking forward to tap market potential across the oil & gas industry in the Middle East region, by providing system automation.
Key Topics Covered:
1 Tables & Figures
3 Key Takeaways
4 Engineering Software Market Landscape
5 Engineering Software Market - Key Industry Dynamics
6 Engineering Software Market - Five Forces Analysis
7 Global Engineering Software Market Analysis
8 Global Engineering Software Market Revenue and Forecasts to 2025 - Software Types
9 Global Engineering Software Market Revenue and Forecasts to 2025 - Applications
10 Global Engineering Software Market Revenue and Forecasts to 2025 - Geographical Analysis
11 Global Engineering Software Market, Key Company Profiles
- Aspen Technology, Inc.
- Autodesk, Inc.
- Aveva Group Plc
- Corel Technology Pvt. Ltd
- Cranes Software International Ltd.
- Cypress Semiconductor Corporation
- Dassault Systemes
- D'GIPRO Design Automation Pvt. Ltd
- Google, Inc.
- Honeywell International, Inc.
- IBM Corporation
- Integraph Corporation (Hexagon AB)
- KBC Advanced Technologies Plc
- Microsoft Corporation
- Nemetschek Vectorworks, Inc.
- Oracle Corporation
- PTC, Inc.
- Rockwell Automation, Inc.
- SAP SE
- Schneider Electric
- Siemens AG
- SmartDraw LLC
For more information about this report visit https://www.researchandmarkets.com/research/vzlz8v/engineering