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.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.
Global Engineering
Software Market Players:
1. Microsoft Corporation
2. Google, Inc.
3. Oracle Corporation
4. IBM Corporation
5. Rockwell Automation, Inc.
6. Honeywell International, Inc.
7. Nemetschek Vectorworks, Inc.
8. Siemens AG
9. Aspen Technology, Inc.
10. Cypress Semiconductor Corporation
11. Aveva Group Plc
12. Integraph Corporation (Hexagon AB)
13. Dassault Systemes
14. KBC Advanced Technologies Plc
15. Schneider Electric
16. Cranes Software International Ltd.
17. Autodesk, Inc.
18. SAP SE
19. PTC, Inc.
20. Corel Technology Pvt. Ltd
21. D’GIPRO Design Automation Pvt. Ltd
22. SmartDraw LLC
About ReportsWeb:ReportsWeb is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers.
Contact Us:
Phone: +1-646-491-9876
Email Id: sales@reportsweb.com
