TechNavio today launched its report Finite Element Analysis Software Market in India 2011-2015 based on an in-depth study focusing exclusively on India. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”Cloud computing technology is becoming popular among organizations because it offers huge space for data storage, provides flexibility, and enables scalability. Hence, several finite element analysis (FEA) software vendors have started developing cloud-based FEA solutions. This pay-per-use model of FEA solutions reduces the overall cost of software adoption. Moreover, several users can remotely access cloud-based FEA software solutions at any time and in any place. Furthermore, cloud-based FEA software can be scaled up in features more easily. Hence, the FEA Software market in India is witnessing an emerging trend where many vendors are developing cloud-based FEA solutions to meet the demands of the end-users.”
According to the report, one of the main drivers is the need to reduce the overall time to market. To survive in this competitive business environment, several companies across industries are adopting FEA software to reduce the overall time to market.
Further, the report also discusses that a major challenge in the market is the easy availability of open-source FEA software.
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 players. For further information on this report, please visit http://goo.gl/3j09p
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic 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 Report – Finite Element Analysis Software Market in India 2011-2015
