TechNavio recognizes the following companies as the key players in the Global FEA Market in Automotive Industry: Ansys Inc., Dassault Systèmes SA, LMS International NV, and MSC Software Corp.
Commenting on the report, an analyst from TechNavio’s team said: “The Global FEA market is witnessing a trend toward the development of cloud-based FEA solutions from market vendors due to the benefits of cloud computing, such as vast space for data storage, ease of access, flexibility, and security. Cloud computing technology gives a wide range of advantages to many SMEs by offering the solution on demand in a cost-effective manner. By hosting FEA over the cloud, end-users can significantly reduce their operating costs (server costs, maintenance costs, and physical storage costs), and can improve the efficiency of the product development cycle. Autodesk Inc., Dassault Systèmes SA, and NEi Software are some of the key vendors in the Global FEA market that are offering cloud-based FEA software. ”
According to the report, one of the major growth drivers in the market is increasing demand from developing countries. The market potential is moving toward growing economies such as China, India, Brazil, and Korea.
Further, the report states that one of the major challenges in the market is the increasing popularity of open-source FEA software. Many cost-driven customers and SMEs prefer open-source FEA software rather than investing large amounts of money in 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/global-fea-market-automotive-industry-20…
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 -Global FEA Market in Automotive Industry 2012-2016
