TechNavio today launched its report Finite Element Analysis Software Market in North America 2011-2015 based on an in-depth study focusing exclusively on North America. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”The emergence of cloud-based Finite Element Analysis (FEA) software is one of the emerging trends in the FEA Software market in North America. Cloud-based FEA software provides high storage, scalability, and flexibility to end-users. Cloud-based FEA is offered on a pay-per-use model, and hence can easily be made available to cost-sensitive end-users. Moreover it provides flexibility to the end-user to access the FEA software from anywhere at any time. Hence, several FEA vendors in North America are developing the cloud-based FEA model to meet the requirements of end-users.”
According to the report, the effective deployment of FEA software enables organizations to reduce lead times by reducing the number of tests and prototypes. Moreover, FEA is not just for new product design but also with the help of FEA software existing design can be improved. This thereby enhances organizational efficiency. Hence, in order to minimize quality-related rework issues, and facilitate better on-time delivery of products to their end-users, companies across industries have started to deploy FEA software.
Further, the report discusses that one of the major challenges in the FEA Software market in North America is the 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/0PZms
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For more information on our Engineering, 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 North America 2011-2015
