The “Worldwide Engineering Software Industry report categories the global Industry by Software Type, Applications and Geography” report provides a detailed overview of the major factors impacting the global Industry with the Industry share analysis and revenues of various sub segments.
Worldwide 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 Worldwide Engineering Software Industry is expected grow considerably during the forecast period, expanding its use in various application areas and untapped opportunities.
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A significant reduction in time and cost can be achieved in the product development cycle with the introduction of Worldwide Engineering Software such as CAD, CAM, CAE, and EDA among others. Also, Worldwide Engineering Software provide easy accessibility to the users, thus reducing extra efforts and increasing efficiency and work quality, thereby driving its adoption. The Worldwide Engineering Software Industry 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 Worldwide Engineering Software Industry during the forecasted period.
The lack of skilled personnel to develop and operate applications on Worldwide Engineering Software hinders the Worldwide Engineering Software Industry. This eventually limits the number of users, thereby reducing the sales volume of engineering software. In addition, high license fees of the Worldwide Engineering Software products makes it inaccessible for small & medium enterprises (SMEs), thus impacting the Worldwide Engineering Software Industry to an extent. High maintenance cost of the Worldwide Engineering Software products leads to piracy which further restricts the Worldwide Engineering Software Industry.
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On the basis of geography, the Worldwide Engineering Software Industry 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 Worldwide Engineering Software Industry over the forecast period. North America with high adoption of engineering software, especially cloud-based, leads the Worldwide Engineering Software Industry 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 Worldwide Engineering Software Industry are looking forward to tap Industry potential across the oil & gas industry in the Middle East region, by providing system automation.
Segmentations Covered in the Engineering Software Market
• Software Types : Computer-aided Designing (CAD) Software, computer-aided Manufacturing (cam) Software, Computer-aided Engineering (CAE) Software, Architecture, Engineering & Construction (AEC) Software, Electronic Design Automation (EDA) Software
• Applications : Plant Design, Design Automation, Drafting & 3D Modeling, Product Design & Testing
• Geographical Analysis: North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), South America (SAM)
Some of the leading players in Engineering Software Market Report
• 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.
• SmartDraw LLC
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Reason to buy
• Highlights widely used product offerings thereby allowing organizations to gain revenues by focusing majorly on select products
• The key findings and recommendations highlight crucial progressive industry trends in the Engineering Software Industry, thereby allowing players across the value chain to develop effective long term strategies
• Get reliable information about the strategies manufacturers in this Industry use to drive revenue
• Gain insights into the competitive landscape, to strengthen Industry competitiveness and positioning
• Highlights key business priorities in order to assist companies to realign their business strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging Industries
• Scrutinize in-depth global Industry trends and outlook coupled with the factors driving the Industry, as well as the those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
• Examine the current and future impact of the five forces namely: bargaining power of suppliers, bargaining power of buyers, threat of substitutes, threat of new entrants and degree of competition
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