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Global Engineering Software Market 2008-2012
Infiniti Research Limited, Dec 2009, Pages: 19
Engineering software automates all the business processes and data management activities; from specific concept planning and designing to execution (manufacturing, construction, or others). It includes CAD (Computer Aided Design), CAM (Computer Aided Manufacturing), CAE (Computer Aided Engineering), PDM (Product Data 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 and construction, manufacturing, geospatial mapping, digital media and the entertainment market. 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. This helps them save time and money, improve quality, and foster innovation for a competitive advantage.
Over the previous decade, the engineering software market has seen a consistent year-on-year growth; and despite the recession, investments in engineering software continued during the early 2008. However, towards the end of 2008, there was a slight slowdown in the investments in engineering software as recession continued to affect the manufacturing industry. The engineering software market is expected to grow during the first half of 2010.
The report by TechNavio Insights forecasts the size of the Global Engineering Software Market over the period 2008-2012. Further, it discusses the key market trends, drivers and inhibitors, and profiles some of the key vendors of this market.
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