Engineering Software Market to Gain Momentum from Increasing Application in Various Engineering Disciplines

Albany, New York, April 7, 2017: The global engineering software market defines the use of various software across different engineering sectors such as electronics and communication engineering, process engineering, electrical engineering, mechanical engineering and chemical engineering. This market holding great potential is the focus of a new research report added to the vast online repository of Market Research Reports Search Engine (MRRSE). This research report is titled as “Engineering Software (CAD, CAM, CAE, AEC, & EDA) Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2022”.

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The report predicts that the global engineering software market will grow at an impressive CAGR of 12.4% between the forecast years of 2015 and 2022 from a market valuation of US$ 19.98 billion in 2014. The report includes a thorough analysis of the market drivers, restraints, risks and opportunities, along with their impact on demand in global market. Market dynamics covering pricing trends, key findings and major developmental trends are given an extensive analysis in the study.

The report also provides a decisive overview of the global engineering software market by segregating it based on software type, application type, and geography. On the basis of software type, the market is segmented into:

  • Computer-Aided Designing (CAD) Software
  • Computer-Aided Manufacturing (CAM) Software
  • Computer-Aided Engineering (CAE) Software
  • Electronic Design Automation (EDA) Software
  • Architecture, Engineering and Construction (AEC) Software

Among these, the CAD software leads the market and is likely to continue this dominance with about half of the global market revenue share till 2022.

The segments based on application type are design automation, product design & testing, drafting & 3D modeling, plant design and others (3D printing, project management, enterprise resource planning and knowledge management). The report also provides strategic analysis of different geographical regions, along with the growth forecast during the period of 2015 to 2022. The market forecast is done on the basis of existing market dynamics and their potential future effect. Market estimates have been examined by taking into account the impact of various factors, such as economic, political, social, technological and legal factors.

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The engineering software market is discreetly fragmented in nature. Some of the key players operating in the global market are Autodesk, Inc., IBM Corporation, Bentley Systems, Inc., Dassault Systemes S.A., Geometric Ltd., Siemens PLM Software Inc., SAP SE, Synopsys Inc., PTC, Inc., Ansys Inc. and MSC Software Corporation.

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