TechNavio recognizes the following companies as the key players in the Global Computer-aided Engineering Market: Ansys Inc., MSC Software Corp., Dassault Systemes SA, CD-adapco Group, and LMS International NV.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”Many large CAE and PLM vendors have started to provide globalized licenses to the end-users in the Global CAE market. As a result, the end-users can buy a bundle of CAE software licenses from anywhere in the world and use it across the world. Additionally, the end-users can utilize the support and services from the respective country’s branch offices. This helps vendors avoid the price differentiation in each region and be able to offer CAE tools at similar prices across the globe. Though a few large PLM vendors are adopting this trend, many CAE vendors are expected to adopt this trend in the future, and this is expected to create a huge change in the vendors’ pricing strategy in the market during the forecast period.”
According to the report, one of the major drivers in the market is increased need to reduce the time-to-market. CAE helps improve the time-to-market of a product by reducing the product development cycle time and the testing time. It improves the speed of the product design cycle and reduces the product analysis time.
Further, the report states that one of the major challenges in the market is the increased threat from open source CAE software. Many commercial users are adopting several open source CAE tools rather than investing a large amount of money in commercial licenses.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are NEi Software Inc., Aspen Tech Ltd., Altair Engineering Inc., ESI Group, Mentor Graphics, Siemens PLM Software Inc., Autodesk Inc., Numeca International SA, Exa Corp., Flow Science Inc. and Bentley Systems Inc.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-computer-aided-engineering-marke…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/engineering-software
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TechNavio Announces the Publication of its Research Report “ Global Computer-aided Engineering Market 2012-2016
