TechNavio today launched its report Global Engineering Software Market 2011-2015 based on an in-depth study covering the Americas, and the EMEA and APAC regions. 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; ”Cost effectiveness, easy access and flexibility are some of the major factors that are driving the adoption toward the cloud-based engineering software. Small and Medium Enterprises (SMEs) would prefer cloud-based engineering software solutions as there will be no huge initial investment needed. Further, it also allows the user to pay as per usage, thus avoiding the subscription fee, software license and the hardware costs.”
According to the report, the effective use of engineering software accelerates the development of a product in a given time period, by streamlining its process and removing critical stages in the product lifecycle.
Further, the report also discusses that the license cost of engineering software is high and is hindering the growth of the Global Engineering Software market.
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.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit http://goo.gl/0y0TO
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TechNavio Announces the Publication of its Report – Global Engineering Software Market 2011-2015
