TechNavio today launched its Global Computer-aided Engineering Market 2011“2015 report based on an in-depth study covering the Americas, and the EMEA and the APAC regions. 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; Every industry has unique, customized process functions, which gives rise to the demand for special-purpose Computer-aided Engineering (CAE) software. Another advantage of customized software is that it is priced more economically than general-purpose CAE software. Many vendors have therefore started providing special-purpose CAE software tailored to specific industries’ or users’ requirements. The provision of special-purpose software is one of the emerging trends in the market and it is expected to enhance the potential of the market in the near future.
According to the report, CAE improves the time-to-market of a product by reducing product development cycle time and product test time. It improves the speed of the product design cycle and reduces the product analysis time by integrating product design software with product analysis tools. CAE helps produce reliable and cost-effective products by reducing analysis time and thus reducing the need for multiple prototypes, which are some of the major factors that hamper the speed of a product development cycle. Thus, the pressure to reduce product development time is one of the major drivers in the Global CAE market.
Further, the report also discusses that the large investment required to implement CAE software is one of the main challenges faced by small and medium-sized enterprises.
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 https://www.technavio.com/content/global-computer-aided-engineering-market-20…
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TechNavio Announces the Publication of its Report “ Global Computer-aided Engineering Market 2011“2015
