TechNavio recognizes the following companies as the key players in the Computer-aided Engineering Market in Australia: Ansys Inc., Dassault Systemes SA, MSC Software Corp., CD-adapco Group, Altair Engineering Inc., LMS International NV and COMSOL Inc.
Commenting on the report, an analyst from TechNavio’s Enterprise Computing team said: ”In order to improve both the efficiency and the effectiveness of a product development cycle, a few vendors in the CAE market in Australia are recently providing integrated CAE software that can be integrated with other PLM applications. Many customers prefer such integrated software packages as they help reduce the product development cycle time and increase efficiency simultaneously. For instance, some CAE vendors offer tools that can be integrated with a variety of analysis and design software such as CAD. Thus, the benefits of integrated CAE software lead to an increase in the demand for integrated CAE software in this market.”
According to the report, the CAE market in Australia is witnessing many growth drivers such as the competitive pressure on vendors, which is forcing them to achieve product differentiation as a means to sustain in the market, and the increasing demand for CAE solutions from process industries.
Further, the report states that the major challenge in the market is the need for high initial investments. Currently, several SMEs in Australia are finding it difficult to adopt CAE software as it requires high levels of initial investments. Instead, SMEs prefer cost-effective CAE tools, such as the ready-to-adopt open source CAE tools, over the more expensive commercial CAE tools.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Strand7 Pty. Ltd., Rockfield Technologies Australia Pty. Ltd.,
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/content/computer-aided-engineering-market-austr…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/enterprise-computing
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TechNavio Announces the Publication of its Research Report “ Computer-aided Engineering Market in Australia 2012-2016
