The engineering software market is US$ 24.35 Bn in 2015 and is estimated to reach US$ 44.54 Bn by 2025. Engineering Software market operates in a highly-competitive marketplace. As leading companies in this market continues to broaden its addressable market, by expanding its current product portfolio, diversifying its client base, and developing new applications and markets, all the prominent players faces an increasing level of competition, both from start-ups as well the leading global technology and industrial companies in the world. Technology is witnessing a high growth owing to its increasing applications in several new industries, which is further driving the engineering software market by 7.17% between 2015 and 2025.
The report focuses on an in-depth segmentation of this market based by software type, and application. The geographic segmentation of the report covers six major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). The regional market has been further bifurcated by respective countries. By application segment drafting & 3D modelling accounted for the largest share of the engineering software market in 2016; whereas, Asia pacific region is expected to grow at the highest CAGR during the forecast period.
The report aims to provide an overview of global engineering software market with detailed market segmentation. Also, it analyzes the current engineering software market scenario and forecasts the market till 2025. The report covers market dynamics effecting the market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the markets with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the market along with their market strategies. The report also provide PEST analysis of all five regions along with the SWOT analysis for all company profiled in the report.
Europe is one of the prominent regions in engineering software market which will contribute highest revenue globally due to technological developments and considerable application of engineering software in different end-user segment. Rapidly growing economies in Asia-Pacific (APAC) with significant growth manufacturing sector will pave the path for increasing adoption and propel the market for engineering software market. Some of the key players operating in the Engineering Software market are Autodesk, Inc., Dassault Systemes, Aveva Group Plc, Siemens AG, Synopsys, Nemetschek Vectorworks, Inc. Integraph Corporation (Hexagon AB) and among others.