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China Engineering Software Market 2008-2012
Infiniti Research Limited, Dec 2009, Pages: 17
Engineering software automates all the business processes and data management activities; from conceptualization, planning, designing to execution (manufacturing, construction, or others). It includes CAD (Computer Aided Design), CAM (Computer Aided Manufacturing), CAE (Computer Aided Engineering), PIM (Product Information Management), and other engineering applications, which include EDA (Electronic Design Automation) and AEC (Architecture/Engineering/Construction).
Engineering software offers products and solutions for the architectural, engineering, construction, manufacturing, geospatial mapping, digital media and the entertainment markets. It enables customers to experience their ideas digitally; and visualize &simulate real-world performance early in the design process through digital prototyping. This capability offers the designers and engineers the flexibility to optimize and improve their designs before they actually begin the manufacturing process. Thus, they help in saving time and money, improve quality, and foster innovation for a competitive advantage.
Over the previous decades, the engineering software market has seen a consistent year-on-year growth rate in China. Despite the recession, investments in this market continued during the early 2008, which slightly dipped during the late 2008 and 2009. However, a rapid recovery in the engineering software market is expected during the first half of 2010. At this point of time, the companies, on the global level are expected to invest in IT (Information Technology) solutions that will provide them sustainable business advantage and profitability.
The report by TechNavio Insights forecasts the size of the China Engineering Software Market over the period 2008-2012. Further, it discusses the key market trends, drivers and challenges of the China Engineering Software Market, and profiles some of the key vendors of this market.
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