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Report
Global Engineering Software Market
Market Report I 2024-06-01 I 311 Pages I Data Bridge Market Research
Global engineering software market is expected to reach USD 86.45 billion by 2031 from USD 45.63 billion in 2023, growing at a CAGR of 8.5% during the forecast period of 2024 to 2031.
Market Segmentation
Global Engineering Software Market, By Software Type (Electronic Design Automation (EDA), Computer-Aided Designing (CAD), Architecture, Engineering & Construction (AEC), Computer-Aided Engineering (CAE), and Computer-Aided Manufacturing (CAM)), Application (Product Design, 3D Modelling, Automation Design, Plant Design, and Others), Enterprise Size (Large Enterprise, Medium Enterprise, and Small Enterprise), End Users (Automotive, Aerospace & Defense, Oil & Gas, IT & Telecommunication, Healthcare, and Others), Country (U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Malaysia, Australia, Singapore, Thailand, Philippines, Indonesia, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of Middle East and Africa, Brazil, Argentina, and rest of South America) - Industry Trends and Forecast to 2031
Overview of Global Engineering Software Market Dynamics
Drivers
- Rising adoption of cloud based engineering software due to flexibility and collaborative nature of work
- Rising demand for HPC deployment for simulation workload
- Rising investments in infrastructure projects
- Rising complex engineering structures/components leading demand for 3D modeling and simulation
Restraints
- Complexity of software and limited standardization limits the interoperability of projects and software
- Cyber attacks are a major risk to the functionality and security of global digital systems
Opportunities
- Continuous technological advancement in engineering software
- Increasing partnership and acquisition among market players
- Development of industry specific software solutions
Challenges
- Shift of companies from licensing model to subscription based create challenge in adoption from end-users
- Shortage of technically sound working professionals
Market Players
The key market players operating in the global engineering software market are listed below:
- Autodesk Inc.
- Synopsys, Inc.
- Dassault Systemes
- ANSYS, Inc
- Cadence Design Systems, Inc.
- The MathWorks, Inc.
- PTC
- Siemens
- Bentley Systems
- Incorporated
- Hexagon AB
- Altair Engineering Inc.
- Altium Limited
- HCL Technologies Limited
- AVEVA?Group
- BY COMSOL
- BETA CAE Systems
- CNC Software, LLC
- Carlson Software
- ESI Group
- ZWSOFT CO., LTD.
- SimScale
- Computers and Structures, Inc.
1 INTRODUCTION 32
1.1 OBJECTIVES OF THE STUDY 32
1.2 MARKET DEFINITION 32
1.3 OVERVIEW 32
1.4 LIMITATIONS 33
1.5 MARKETS COVERED 34
2 MARKET SEGMENTATION 38
2.1 MARKETS COVERED 38
2.2 GEOGRAPHICAL SCOPE 39
2.3 YEARS CONSIDERED FOR THE STUDY 40
2.4 CURRENCY AND PRICING 40
2.5 DBMR TRIPOD DATA VALIDATION MODEL 41
2.6 TYPE TIMELINE CURVE 44
2.7 DBMR MARKET POSITION GRID 48
2.8 DBMR VENDOR SHARE ANALYSIS 49
2.9 SECONDARY SOURCES 50
2.10 ASSUMPTIONS 51
3 EXECUTIVE SUMMARY 52
4 PREMIUM INSIGHTS 55
4.1 CASE STUDY: 57
4.2 REGULATION FRAMEWORK: 61
4.3 TECHNOLOGICAL TRENDS: 63
4.4 PRICING ANALYSIS: 66
4.5 VALUE CHAIN ANALYSIS: 67
5 MARKET OVERVIEW 70
5.1 DRIVERS 72
5.1.1 RISING ADOPTION OF CLOUD BASED ENGINEERING SOFTWARE DUE TO FLEXIBILITY AND COLLABORATIVE NATURE OF WORK 72
5.1.2 RISING DEMAND FOR HPC DEPLOYMENT FOR SIMULATION WORKLOAD 73
5.1.3 RISING INVESTMENTS IN INFRASTRUCTURE PROJECTS 74
5.1.4 RISING COMPLEX ENGINEERING STRUCTURES/COMPONENTS LEADING DEMAND FOR 3D MODELING AND SIMULATION 75
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5.2 RESTRAINTS 76
5.2.1 COMPLEXITY OF SOFTWARE AND LIMITED STANDARDIZATION LIMITS THE INTEROPERABILITY OF PROJECTS AND SOFTWARE 76
5.2.2 CYBER ATTACKS ARE A MAJOR RISK TO THE FUNCTIONALITY AND SECURITY OF GLOBAL DIGITAL SYSTEM 77
5.3 OPPORTUNITIES 78
5.3.1 CONTINUOUS TECHNOLOGICAL ADVANCEMENT IN ENGINEERING SOFTWARE 78
5.3.2 INCREASING PARTNERSHIP AND ACQUISITION AMONG MARKET PLAYERS 80
5.3.3 DEVELOPMENT OF INDUSTRY SPECIFIC SOFTWARE SOLUTIONS 81
5.4 CHALLENGES 83
5.4.1 SHIFT OF COMPANIES FROM LICENSING MODEL TO SUBSCRIPTION BASED CREATE CHALLENGE IN ADOPTION FROM END-USERS 83
5.4.2 SHORTAGE OF TECHNICALLY SOUND WORKING PROFESSIONALS 84
6 GLOBAL ENGINEERING SOFTWARE MARKET, BY SOFTWARE TYPE 85
6.1 OVERVIEW 86
6.2 ELECTRONIC DESIGN AUTOMATION (EDA) 87
6.3 COMPUTER-AIDED DESIGNING (CAD) 88
6.4 ARCHITECTURE, ENGINEERING & CONSTRUCTION (AEC) 88
6.5 COMPUTER-AIDED ENGINEERING (CAE) 89
6.6 COMPUTER-AIDED MANUFACTURING (CAM) 89
7 GLOBAL ENGINEERING SOFTWARE MARKET, BY APPLICATION 90
7.1 OVERVIEW 91
7.2 PRODUCT DESIGN 92
7.3 3D MODELLING 93
7.4 AUTOMATION DESIGN 93
7.5 PLANT DESIGN 94
7.6 OTHERS 94
8 GLOBAL ENGINEERING SOFTWARE MARKET, BY ENTRPRISE SIZE 95
8.1 OVERVIEW 96
8.2 LARGE ENTERPRISE 97
8.3 MEDIUM ENTERPRISE 98
8.4 SMALL ENTERPRISE 98
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9 GLOBAL ENGINEERING SOFTWARE MARKET, BY END USER 99
10.1 OVERVIEW 100
10.2 AUTOMOTIVE 101
10.2.1 ELECTRONIC DESIGN AUTOMATION (EDA) 102
10.2.2 COMPUTER-AIDED DESIGNING (CAD) 102
10.2.3 ARCHITECTURE, ENGINEERING & CONSTRUCTION (AEC) 102
10.2.4 COMPUTER-AIDED ENGINEERING (CAE) 102
10.2.5 COMPUTER-AIDED MANUFACTURING (CAM) 102
10.3 AEROSPACE & DEFENSE 103
10.3.1 ELECTRONIC DESIGN AUTOMATION (EDA) 103
10.3.2 COMPUTER-AIDED DESIGNING (CAD) 103
10.3.3 ARCHITECTURE, ENGINEERING & CONSTRUCTION (AEC) 104
10.3.4 COMPUTER-AIDED ENGINEERING (CAE) 104
10.3.5 COMPUTER-AIDED MANUFACTURING (CAM) 104
10.4 OIL AND GAS 104
10.4.1 ELECTRONIC DESIGN AUTOMATION (EDA) 105
10.4.2 COMPUTER-AIDED DESIGNING (CAD) 105
10.4.3 ARCHITECTURE, ENGINEERING & CONSTRUCTION (AEC) 105
10.4.4 COMPUTER-AIDED ENGINEERING (CAE) 105
10.4.5 COMPUTER-AIDED MANUFACTURING (CAM) 105
10.5 IT AND TELECOMMUNICATION 106
10.5.1 ELECTRONIC DESIGN AUTOMATION (EDA) 106
10.5.2 COMPUTER-AIDED DESIGNING (CAD) 106
10.5.3 ARCHITECTURE, ENGINEERING & CONSTRUCTION (AEC) 107
10.5.4 COMPUTER-AIDED ENGINEERING (CAE) 107
10.5.5 COMPUTER-AIDED MANUFACTURING (CAM) 107
10.6 HEALTHCARE 108
10.6.1 ELECTRONIC DESIGN AUTOMATION (EDA) 108
10.6.2 COMPUTER-AIDED DESIGNING (CAD) 108
10.6.3 ARCHITECTURE, ENGINEERING & CONSTRUCTION (AEC) 109
10.6.4 COMPUTER-AIDED ENGINEERING (CAE) 109
10.6.5 COMPUTER-AIDED MANUFACTURING (CAM) 109
10.7 OTHERS 109
10.7.1 ELECTRONIC DESIGN AUTOMATION (EDA) 110
10.7.2 COMPUTER-AIDED DESIGNING (CAD) 110
10.7.3 ARCHITECTURE, ENGINEERING & CONSTRUCTION (AEC) 110
10.7.4 COMPUTER-AIDED ENGINEERING (CAE) 110
10.7.5 COMPUTER-AIDED MANUFACTURING (CAM) 110
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11 GLOBAL ENGINEERING SOFTWARE MARKET, BY REGION 111
11.1 OVERVIEW 112
11.2 EUROPE 115
11.2.1 GERMANY 119
11.2.2 FRANCE 123
11.2.3 U.K. 126
11.2.4 ITALY 129
11.2.5 SPAIN 132
11.2.6 RUSSIA 135
11.2.7 SWITZERLAND 138
11.2.8 NETHERLANDS 142
11.2.9 BELGIUM 146
11.2.10 TURKEY 150
11.2.11 REST OF EUROPE 153
11.3 ASIA-PACIFIC 154
11.3.1 CHINA 158
11.3.2 JAPAN 161
11.3.3 INDIA 164
11.3.4 SOUTH KOREA 167
11.3.5 AUSTRALIA 171
11.3.6 INDONESIA 174
11.3.7 MALAYSIA 177
11.3.8 THAILAND 180
11.3.9 PHILIPPINES 183
11.3.10 SINGAPORE 186
11.3.11 REST OF ASIA-PACIFIC 189
11.4 NORTH AMERICA 190
11.4.1 U.S. 194
11.4.2 CANADA 197
11.4.3 MEXICO 200
11.5 MIDDLE EAST AND AFRICA 203
11.5.1 SAUDI ARABIA 207
11.5.2 U.A.E. 211
11.5.3 ISRAEL 214
11.5.4 SOUTH AFRICA 217
11.5.5 EGYPT 221
11.5.6 REST OF MIDDLE EAST AND AFRICA 224
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11.6 SOUTH AMERICA 225
11.6.1 BRAZIL 229
11.6.2 ARGENTINA 232
11.6.3 REST OF SOUTH AMERICA 236
12 GLOBAL ENGINEERING SOFTWARE MARKET, COMPANY LANDSCAPE 237
12.1 COMPANY SHARE ANALYSIS: GLOBAL 237
12.2 COMPANY SHARE ANALYSIS: NORTH AMERICA 238
12.3 COMPANY SHARE ANALYSIS: EUROPE 239
12.4 COMPANY SHARE ANALYSIS: ASIA-PACIFIC 240
13 SWOT ANALYSIS 241
14 COMPANY PROFILES 242
14.1 AUTODESK, INC 242
14.1.1 COMPANY SNAPSHOT 242
14.1.2 REVENUE ANALYSIS 242
14.1.3 COMPANY SHARE ANALYSIS 243
14.1.4 SOLUTION PORTFOLIO 243
14.1.5 RECENT DEVELOPMENTS 245
14.2 SYNOPSIS, INC. 246
14.2.1 COMPANY SNAPSHOT 246
14.2.2 REVENUE ANALYSIS 246
14.2.3 COMPANY SHARE ANALYSIS 247
14.2.4 PRODUCT PORTFOLIO 247
14.2.5 RECENT DEVELOPMENTS 248
14.3 DASSAULT SYSTEMES 249
14.3.1 COMPANY SNAPSHOT 249
14.3.2 REVENUE ANALYSIS 249
14.3.3 COMPANY SHARE ANALYSIS 250
14.3.4 SOLUTION PORTFOLIO 250
14.3.5 RECENT DEVELOPMENTS 252
14.4 ANSYS, INC 253
14.4.1 COMPANY SNAPSHOT 253
14.4.2 REVENUE ANALYSIS 253
14.4.3 COMPANY SHARE ANALYSIS 254
14.4.4 PRODUCT PORTFOLIO 254
14.4.5 RECENT DEVELOPMENTS 257
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14.5 CADENCE DESIGN SYSTEMS, INC. 258
14.5.1 COMPANY SNAPSHOT 258
14.5.2 REVENUE ANALYSIS 258
14.5.3 COMPANY SHARE ANALYSIS 259
14.5.4 PRODUCT PORTFOLIO 259
14.5.5 RECENT DEVELOPMENTS 260
14.6 ALTAIR ENGINEERING INC. 261
14.6.1 COMPANY SNAPSHOT 261
14.6.2 REVENUE ANALYSIS 262
14.6.3 PRODUCT PORTFOLIO 262
14.6.4 RECENT DEVELOPMENTS 264
14.7 ALTIUM LIMITED 266
14.7.1 COMPANY SNAPSHOT 266
14.7.2 REVENUE ANALYSIS 266
14.7.3 PRODUCT PORTFOLIO 267
14.7.4 RECENT DEVELOPMENTS 267
14.8 AVEVA?GROUP (SUBSIDIARY OF SCHNEIDER ELECTRIC) 268
14.8.1 COMPANY SNAPSHOT 268
14.8.2 PRODUCT PORTFOLIO 268
14.8.3 RECENT DEVELOPMENT 269
14.9 BENTLEY SYSTEMS 270
14.9.1 COMPANY SNAPSHOT 270
14.9.2 REVENUE ANALYSIS 270
14.9.3 SOLUTION PORTFOLIO 271
14.9.4 RECENT DEVELOPMENTS 273
14.10 CARLSON SOFTWARE 274
14.10.1 COMPANY SNAPSHOT 274
14.10.2 SOLUTION PORTFOLIO 274
14.10.3 RECENT DEVELOPMENTS 275
14.11 CNC SOFTWARE, LLC (A SUBSIDIARY OF SANDVIK AB) 276
14.11.1 COMPANY SNAPSHOT 276
14.11.2 REVENUE ANALYSIS 276
14.11.3 SOLUTION PORTFOLIO 277
14.11.4 RECENT DEVELOPMENTS 278
14.12 COMPUTERS AND STRUCTURES, INC. 280
14.12.1 PRODUCT PORTFOLIO 280
14.12.2 RECENT DEVELOPMENTS 281
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14.13 BY COMSOL 282
14.13.1 COMPANY SNAPSHOT 282
14.13.2 SOLUTION PORTFOLIO 282
14.13.3 RECENT DEVELOPMENTS 283
14.14 ESI GROUP 284
14.14.1 COMPANY SNAPSHOT 284
14.14.2 PRODUCT PORTFOLIO 284
14.14.3 RECENT DEVELOPMENTS 285
14.15 HCL TECHNOLOGIES LIMITED 287
14.15.1 COMPANY SNAPSHOT 287
14.15.2 REVENUE ANALYSIS 287
14.15.3 SOLUTION PORTFOLIO 288
14.15.4 RECENT DEVELOPMENTS 290
14.16 HEXAGON AB 291
14.16.1 COMPANY SNAPSHOT 291
14.16.2 REVENUE ANALYSIS 291
14.16.3 SOLUTION PORTFOLIO 292
14.16.4 RECENT DEVELOPMENTS 292
14.17 PTC 294
14.17.1 REVENUE ANALYSIS 294
14.17.2 PRODUCT PORTFOLIO 295
14.17.3 RECENT DEVELOPMENTS 296
14.18 SIEMENS 297
14.18.1 COMPANY SNAPSHOT 297
14.18.2 REVENUE ANALYSIS 297
14.18.3 SOLUTION PORTFOLIO 298
14.18.4 RECENT DEVELOPMENTS 299
14.19 SIMSCALE 300
14.19.1 COMPANY SNAPSHOT 300
14.19.2 PRODUCT PORTFOLIO 300
14.19.3 RECENT DEVELOPMENTS 300
14.20 THE MATHWORKS, INC. 301
14.20.1 COMPANY SNAPSHOT 301
14.20.2 SOLUTION PORTFOLIO 301
14.20.3 RECENT DEVELOPMENTS 303
14.21 ZWSOFT CO., LTD.(GUANGZHOU) 304
14.21.1 COMPANY SNAPSHOT 304
14.21.2 SOLUTION PORTFOLIO 304
14.21.3 RECENT DEVELOPMENTS 305
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15 QUESTIONNAIRE 307
16 RELATED REPORTS 311
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