Global $50+ Billion Engineering Software Markets to 2026
DUBLIN, Nov. 20, 2020 /PRNewswire/ -- The "Engineering Software Market by Software, Application and Geography - Global Drivers, Restraints, Opportunities, Trends, and Forecast up to 2026" report has been added to ResearchAndMarkets.com's offering.
The Engineering Software market is predicted to grow at a CAGR of 7.7% during the forecast period, with its value expecting to reach $50.7 billion by 2026.
The factors stimulating this market growth are increased automation in the industries and the increasing evolution in the construction and infrastructure sector to reduce construction errors and also in the production process.
Engineering Software Market is defined as an application of principles, which is used in the engineering field to deal with systems for designing, development, deployment, testing, and management of software systems. The engineering software market operates in an extremely competitive market.
As the leading corporations operating within this market continues to expand its available market by broadening its product portfolio, diversifying its client base, and creating new applications & markets. These have been facing an increasing level of competition from their rivals like start-ups and leading global technology & industrial companies in the world. Technological advancements witnessed high growth owing to its increasing development in several new industries such as automotive, construction electronics, oil & gas, and others.
The Engineering Software market by software covers CAD, CAM, CAE, AEC, and EDA. CAD software generates the largest revenue in the software segment. CAD software serves as the specific purpose of modifying and designing of components and products before they are manufactured. Computer-aided design is a software package that enables engineers, architects, and design professionals in preparing framework and blueprint for industry-specific products.
This engineering software can be further forficate into 3D and 2D Computer Aided Designing software. The 2D CAD is used for designing and drawing of planograms and frameworks in two dimensions; on the other hand, 3D CAD enables access to the tools that assist in designing three-dimensional models and structures on computers.
Major application segments consist of plant layout, product design & testing, drafting & 3D modeling. Remaining relatively small application segments, including 3D printing, project management, enterprise resource planning, and knowledge management, have been clubbed in 'Others' due to notably small market value.
However, the drafting and 3D modeling application segment are expected to appear as the fastest and most promising applications. There is a high demand for 3D modeling in multiple fields such as media and entertainment, construction activities, textbook publishing, mechanical, civil, and earth science engineering is expected to fuel market growth.
By geography, the global engineering software market is shared between North America, Asia Pacific, Europe, and the Rest of the World. North America dominated the segment of the design software market in 2019. This trend of North American dominance is expected to continue over the forecast period. Furthermore, the high adoption of cloud-based storage and working software by large enterprises, coupled with the introduction of innovative tools & applications for various tablets and smartphones, is expected to fuel regional market growth.
The report also covers the analysis of major players in the Engineering Software market. Some of the major players consist of PTC, Inc, Rockwell Automation, SAP SE, Siemens PLM Software Inc, Synopsys, Inc, Autodesk, Inc, AVEVA Group plc, Dassault Systemes, S.A, Vectorworks Inc, and spent Technology, Inc.
Key Topics Covered:
1. Executive Summary
2. Industry Outlook
3. Market Snapshot
3.1. Market Definition
3.2. Market Outlook
3.3. PEST Analysis
3.4. Porter Five Forces
3.5. Related Markets
4. Market characteristics
4.1. Market Evolution
4.2. Market Trends and Impact
4.3. Advantages/Disadvantages of Market
4.4. Regulatory Impact
4.5. Market Offerings
4.6. Market Segmentation
4.7. Market Dynamics
4.8. DRO - Impact Analysis
5. Software: Market Size & Analysis
5.1. Overview
5.2. Computer-Aided Designing (CAD) Software
5.3. Computer-Aided Manufacturing (CAM) Software
5.4. Computer-Aided Engineering (CAE) Software
5.5. Architecture, Engineering and Construction (AEC) Software
5.6. Electronic Design Automation (EDA) Software
6. Application: Market Size & Analysis
6.1. Overview
6.2. Design Automation
6.3. Plant Design
6.4. APPLICATION Design & Testing
6.5. Drafting & 3D Modeling
6.6. Others
7. Geography: Market Size & Analysis
7.1. Overview
7.2. North America
7.3. Europe
7.4. Asia Pacific
7.5. Rest of the World
8. Competitive Landscape
8.1. Competitor Comparison Analysis
8.2. Market Developments
8.2.1. Mergers and Acquisitions, Legal, Awards, Partnerships
8.2.2. APPLICATION Launches and execution
9. Vendor Profiles
9.1. PTC, Inc
9.1.1. Overview
9.1.2. Business Units
9.1.3. Geographic Revenue
9.1.4. Product Offerings
9.1.5. Developments
9.1.6. Business Strategy
9.2. Rockwell Automation
9.3. SAP SE
9.4. Siemens PLM Software Inc
9.5. Synopsys, Inc
9.6. Autodesk, Inc
9.7. AVEVA Group plc
9.8. Dassault Systemes
9.9. Vectorworks Inc
9.10. Spent Technology, Inc
10. Companies to watch for
10.1. Bentley Systems
10.1.1. Overview
10.1.2. Market
10.1.3. Business Strategy
10.2. IBM
10.3. Geometric Ltd
10.4. Ansys Inc
For more information about this report visit https://www.researchandmarkets.com/r/g051t0
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