TechNavio recognizes the following companies as the key players in the FEA Market in APAC Region: Ansys Inc., Dassault Systemes S.A., LMS International NV, and MSC Software Corp.
Commenting on the report, an analyst from TechNavio’s team said: “Many vendors in the FEA market in the APAC region are developing and offering FEA software for mobile computing devices such as iPhones, iPads, and smartphones. The mobile-based FEA software helps engineers validate and optimize the production process anywhere and at any time. Additionally, it helps provide collaborative decision-making systems and product development systems by allowing the engineers to participate in the product development cycle using mobile computing devices. In this market, many core vendors are developing FEA tools specific to mobile devices, and many more vendors are expected to adopt this trend during the forecast period.”
According to the report, one of the major drivers in the market is the need to reduce product development costs. Many end-users use FEA software for reducing their product development costs.
Further, the report states that one of the major challenges in the market is the increased popularity of open-source communities. Many commercial users are adopting open-source FEA software, which is available free of cost, rather than investing a large amount of money in commercial licenses.
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/fea-market-apac-region-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 -FEA Market in APAC Region 2012-2016
