TechNavio recognizes the following companies as the key players in the Finite Element Analysis Market in North America: Ansys Inc., Dassault Systèmes SA, MSC Software Corp., and LMS International NV
Commenting on the report, an analyst from TechNavio’s team said: “The emergence of cloud-based FEA software is one of the emerging trends in theFEA Software market in North America. Cloud-based FEA software provides high storage, scalability, and flexibility to end-users. Cloud-based FEAis offered on a pay-per-use model, and hence can easily be made available to cost-sensitive end-users. Moreover it provides flexibility to the end-user to access the FEA software from anywhere at any time. Hence, severalFEA vendors in North America are developing the cloud-based FEA model to meet the requirements of end-users.”
According to the report, the need to reduce overall time-to-market is one of the major drivers in the FEA market in North America. The effective deployment of FEA software enables organizations to reduce lead time by reducing the number of tests and prototypes.
Further, the report states that easy availability of open source FEA software is one of the major challenges in the FEA market in North America. Manyorganizations in North America opt for opensource FEA software as it provides various benefits in terms of affordability and easy availability compared to commercial FEA software.
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/finite-element-analysis-market-north-ame…
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
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report -Finite Element Analysis Market in North America 2012-2016
