Single User License: Engineering Software Market - Global Industry USD 4315.5 Flat 10% Discount!! Analysis, Size, Share, Growth, Trends and Free Customization as per your requirement Forecast 2014 - 2020 You will get Custom Report at Syndicated Report
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REPORT DESCRIPTION
Engineering software refers to the software solutions and software packages that are used across different engineering disciplines such as civil engineering, chemical engineering, mechanical engineering, electronic and communication engineering, electrical engineering, manufacturing and others. The chemical engineering software are classified as software used for mapping and analyzing energy conversion (in designing actuators and sensors), designing fluid flow, combustion analysis, psychometric analysis, designing and analyzing heat transfer and designing steam tables among others. The civil engineering segment consists of software that are used for structural designing, drainage and footings designing, mapping and modeling of infrastructure and others. The electrical engineering software are used for electrical analysis of current, voltage and power, digital simulation of circuits, and calculations for designing a practical electrical circuitry. Read More :- http://www.transparencymarketresearch.com/engineering-software-market.html The engineering software market is primarily driven by the rising demand for automation across several end-use industries. Additionally, the market growth is attributed to the wide adoption of integrated solution for designing and analysis of engineering system. Moreover, the rising demand for reducing errors, in order to save the operational cost by minimizing the scrap, is fuelling the growth of engineering software market. The market finds potential growth opportunities in the oil and gas industry and chemical industry due to the rising demand for process analytical solutions in these industries. In addition, the availability of engineering software on cloud is expected to boost the demand for engineering software over the coming years. Computer-aided engineering (CAE) software, Computer-aided designing (CAD) software, computer-aided manufacturing (CAM) software, product lifecycle management (PLM) software and building information modeling (BIM) software are the major categories contributing to the growth of engineering software market. The availability of portable devices and the compatibility of these devices with engineering software is further adding to the growth of the market. In
addition, shifting trend form 2D solutions to 3D solutions provide potential growth opportunities for the manufacturing and designing industry. However, the high cost incurred in purchasing the license of the engineering software is posing challenge for the growth of engineering software market. In addition, the rising number of piracy cases in the software industry is hindering the growth of the market. On the basis of geography, the market finds potential growth opportunities in emerging economies of Asia Pacific, Africa and Latin America. Countries such India, China, Japan and Korea are major contributors in terms of technology and the rising demand for automation solutions in these geographies is expected to grow the engineering software market over the coming years. Moreover, in the gulf countries the market finds potential growth opportunities in the oil and gas industry for process analysis and designing of automated systems for the industry. However, the lack of expertise for operating engineering software is hindering the growth of the market in this region. Engineering software market is highly competitive, thereby pushing the companies to offer customized solutions to their customers, in order to differentiate their offering from the competitors. The key players offering engineering software are Integraph Corporation (Hexagon AB), Aveva Group Plc, Rockwell Automation, Inc., Autodesk, Inc., PTC, Inc., Nemetschek Vectorworks, Inc., Scada Systems Ltd., SmartDraw LLC, EasyPower LLC, Schneider Electric, Dassault Systemes, Seimens AG, Google Inc., Microsoft Corporation, Aspen Technology, Inc., Petroleo Brasileiro, S.A., KBC Advanced Technologies Plc, Honeywell International, Inc., Cranes Software International Ltd., SAP AG, Oracle Corporation, IBM Corporation, Devices Ltd., Corel Technology Pvt. Ltd, D’GIPRO Design Automation Pvt. Ltd. and Cypress Semiconductor Corporation. More Reports on Technology and Media Market : http://www.transparencymarketresearch.com/technologymarket-reports-8.html
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
North America
Asia Pacific
Europe
Rest of the World
This report provides comprehensive analysis of
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report
This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a technological growth map over time to understand the industry growth rate
It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
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