TechNavio recognizes the following companies as the key players in the CAE Market in North America: Ansys Inc., CD-adapco Group, Dassault Systèmes SA, LMS International NV, (Siemens PLM Software Inc.), Mentor Graphics Corp., and MSC Software Corp.
Commenting on the report, an analyst from TechNavio’s team said: “The availability of cloud-based CAE software is a major trend affecting the CAE market in North America. Cloud computing provides various advantages such as a large space for storage, ease of access, and security. Many of the SMEs prefer cloud-based CAE software as it is less costly. Moreover, the operating costs which include server costs, maintenance costs, and physical storage costs could be reduced and the efficiency of the product development cycle could be increased.”
According to the report, one of the major drivers in the market is the increasing need for reducing the time to market. CAE is used by many vendors as an effective method for reducing the product development time cycle.
Further, the report states that one of the major challenges in the market is the high cost of initial investment. This is a big challenge facing vendors, especially SMEs, in adopting CAE tools.
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/report/cae-market-north-america-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-and-automation
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TechNavio Announces the Publication of its Research Report -CAE Market in North America 2012-2016
