Engineering Software Market SWOT Analysis and Forecasts by 2025: Rockwell Automation, SAP SE, Synopsys, Autodesk, Siemens PLM Software

The engineering software market is expected to grow from US$ US$ 25.60 Bn in 2017 to US$ 44.54 Bn by 2025 at a CAGR of 7.2% between 2017 and 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 such as automotive, construction electronics, oil & gas and others. 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. The South America engineering software market region is expected to witness a CAGR growth rate of 7.7% in the coming years.

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Engineering Software Market - Company Profiles:
• PTC, Inc
• Rockwell Automation
• SAP SE
• Siemens PLM Software Inc.
• Synopsys, Inc.
• Autodesk, Inc.
• AVEVA Group plc
• Dassault Systemes, S.A.
• Vectorworks Inc.
• Aspen Technology, Inc.
• Intergraph Corporation
• KBC Advanced Technologies Plc
• Cranes Software International Ltd.
• Ansys, Inc.
• SmartDraw, LLC
• D’GIPRO Design Automation Pvt. Ltd

Surge in popularity of automation and cost effective technology:
The increasing market competition has its impetus on the global plant O/Os’ and EPCs’ to decrease production errors and operating expenditure. Throughout the process of designing, manufacturing and commissioning, certain international standards are to be followed that facilitates plant engineers to enhance quality. Design software, constant analysis and upgrading of standards can provide a solution to intensify quality and production. Therefore, companies worldwide are increasingly implementing engineering software to minimize production/construction errors. Moreover, due to the massive sale of the products, error prevention and automation has risen dramatically in recent years. All the specifications of the production are expected to be handled with perfection, ensuring the maximization of the up-time.

The engineering software market report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market. The report focuses on global major leading companies providing information such as company profiles, sales, sales revenue, market share and contact information. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. Complete examination of Engineering Software Market Based on current investigation and future examination, which depends on notable information additionally included in this Reports.

GLOBAL ENGINEERING SOFTWARE MARKET SEGMENTATION:

Engineering Software Market – By Software Type:

• Computer-aided Designing (CAD)
• Computer-aided Manufacturing (CAM)
• Computer-aided Engineering (CAE)
• Architecture, Engineering & Construction (AEC)
• Electronic Design Automation (EDA)

Engineering Software Market – By Application:

• Plant Design
• Design Automation
• Drafting & 3D Modeling
• Product Design & Testing
• Others

Engineering Software Market - Strategic Insights:

Strategies such as acquisition, market initiative and new development was observed as the most adopted strategy in global engineering software market. Few of the recent strategies by some of the players’ operating in the engineering software market landscape are listed below-

2017: PTC and ANSYS announced a solution that is expected enable ANSYS engineering simulation technology to be rapidly added to applications built on the ThingWorx.

2016: Announced launch of its PTC AgileWorx™ solution that would be industry’s first most agile solution designed to facilitate product engineering teams with improvised innovation and time-to-market.

2016: Rockwell Automation enhanced its Studio 5000 Software with integrated development environment. The advanced version includes expanded integration with engineering tools, pre-developed application content to replace custom code, and new features to help enhance security.

Engineering Software Market Segmented by Region/Country:

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Central & South America

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Major Features of Engineering Software Market Report:

• Highlights key business priorities in order to assist companies to realign their business strategies.

• The key findings and recommendations highlight crucial progressive industry trends in the global Engineering Software market, thereby allowing players across the value chain to develop effective long-term strategies.

• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

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