TechNavio recognizes the following companies as the key players in the CAE Market in EMEA Region: Ansys Inc., CD-adapco Group, Dassault Systèmes S.A., and MSC Software Corp.
Commenting on the report, an analyst from TechNavio’s team said: “Some of the large CAE vendors in the market have recently started providing CAE software integrated with several other PLM tools to improve both the efficiency and effectiveness of the product development cycle. Many customers prefer this integrated software as it reduces the product development cycle time, and simultaneously increases its efficiency. For instance, some CAE vendors offer tools that can be integrated with a variety of analysis and design software such as CAD. Thus, customers have realized the benefits of having an integrated product development cycle, which is leading to a demand for integrated CAE software in the market.”
According to the report, the need to reduce time-to-market is one of the major drivers in the market in the region. Organizations need shorter product development cycles to compete in a competitive business environment. CAE helps improve the time-to-market of a product by reducing the product development cycle time and testing time.
Further, the report states that one of the major challenges in the market is the increased threat from open-source CAE software. Many commercial users are adopting open-source CAE tools rather than investing a large amount of money in commercial licenses. Additionally, market customers are facing a challenge in terms of the lack of knowledge and expertise in CAE software. Therefore, vendors are forced to provide continuous support and services to end-users.
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/cae-market-emea-region-2014-2018
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 -CAE Market in EMEA Region 2014-2018
