TechNavio recognizes the following companies as the key players in the Global Plant Design and Engineering Applications Market: AVEVA Group plc, Bentley Systems Inc., and Hexagon AB.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”The increased adoption of the cloud-based model is a major trend in the Global Plant Design and Engineering Applications market. Cloud computing technology is becoming popular among organizations because it offers huge space for data storage, provides flexibility, and enables scalability. Hence, several plant design and engineering application software vendors have started developing cloud-based solutions. This pay-per-use model of plant design suites reduces the overall cost of software adoption. Moreover, several users can remotely access cloud-based plant design software solutions at any time and in any place. Furthermore, cloud-based plant design software can be scaled up more easily in terms of features. Hence, many vendors are developing cloud-based plant design and engineering applications suites to meet the demands of end-users.”
According to the report, increasing demand from developing countries is one of the major drivers in the market. Many process manufacturing industries such as the Pharmaceutical industry are growing at a fast rate in many developing countries such as China, India, Brazil, and Poland.
Further, the report states that the need to increase interoperability is one of the major challenges in the market. End-users often face compatibility issues among different plant applications and systems.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Tekla Corp. and Autodesk Inc.
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/global-plant-design-and-engineering-app…
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/engineering-software
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report “ Global Plant Design and Engineering Applications Market 2012-2016
