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Report
North America Engineering Software Market
Market Report I 2024-06-01 I 193 Pages I Data Bridge Market Research
North America engineering software market is expected to reach USD 21.98 billion by 2031 from USD 12.17 billion in 2023, growing at a CAGR of 7.9% during the forecast period of 2024 to 2031.
Market Segmentation
North America 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, and Mexico) - Industry Trends and Forecast to 2031
Overview of North America 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 North America 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 30
1.1 OBJECTIVES OF THE STUDY 30
1.2 MARKET DEFINITION 30
1.3 OVERVIEW 30
1.4 LIMITATIONS 31
1.5 MARKETS COVERED 32
2 MARKET SEGMENTATION 36
2.1 MARKETS COVERED 36
2.2 GEOGRAPHICAL SCOPE 37
2.3 YEARS CONSIDERED FOR THE STUDY 38
2.4 CURRENCY AND PRICING 38
2.5 DBMR TRIPOD DATA VALIDATION MODEL 39
2.6 TYPE TIMELINE CURVE 42
2.7 DBMR MARKET POSITION GRID 46
2.8 DBMR VENDOR SHARE ANALYSIS 47
2.9 SECONDARY SOURCES 48
2.10 ASSUMPTIONS 49
3 EXECUTIVE SUMMARY 50
4 PREMIUM INSIGHTS 52
4.1 CASE STUDY: 53
4.2 REGULATION FRAMEWORK: 57
4.3 TECHNOLOGICAL TRENDS: 59
4.4 PRICING ANALYSIS: 62
4.5 VALUE CHAIN ANALYSIS: 63
5 MARKET OVERVIEW 66
5.1 DRIVERS 68
5.1.1 RISING ADOPTION OF CLOUD BASED ENGINEERING SOFTWARE DUE TO FLEXIBILITY AND COLLABORATIVE NATURE OF WORK 68
5.1.2 RISING DEMAND FOR HPC DEPLOYMENT FOR SIMULATION WORKLOAD 69
5.1.3 RISING INVESTMENTS IN INFRASTRUCTURE PROJECTS 70
5.1.4 RISING COMPLEX ENGINEERING STRUCTURES/COMPONENTS LEADING DEMAND FOR 3D MODELING AND SIMULATION 71
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5.2 RESTRAINTS 72
5.2.1 COMPLEXITY OF SOFTWARE AND LIMITED STANDARDIZATION LIMITS THE INTEROPERABILITY OF PROJECTS AND SOFTWARE 72
5.2.2 CYBER ATTACKS ARE A MAJOR RISK TO THE FUNCTIONALITY AND SECURITY OF NORTH AMERICA DIGITAL SYSTEM 73
5.3 OPPORTUNITIES 74
5.3.1 CONTINUOUS TECHNOLOGICAL ADVANCEMENT IN ENGINEERING SOFTWARE 74
5.3.2 INCREASING PARTNERSHIP AND ACQUISITION AMONG MARKET PLAYERS 76
5.3.3 DEVELOPMENT OF INDUSTRY SPECIFIC SOFTWARE SOLUTIONS 77
5.4 CHALLENGES 79
5.4.1 SHIFT OF COMPANIES FROM LICENSING MODEL TO SUBSCRIPTION BASED CREATE CHALLENGE IN ADOPTION FROM END-USERS 79
5.4.2 SHORTAGE OF TECHNICALLY SOUND WORKING PROFESSIONALS 80
6 NORTH AMERICA ENGINEERING SOFTWARE MARKET, BY SOFTWARE TYPE 81
6.1 OVERVIEW 82
6.2 ELECTRONIC DESIGN AUTOMATION (EDA) 83
6.3 COMPUTER-AIDED DESIGNING (CAD) 84
6.4 ARCHITECTURE, ENGINEERING & CONSTRUCTION (AEC) 84
6.5 COMPUTER-AIDED ENGINEERING (CAE) 85
6.6 COMPUTER-AIDED MANUFACTURING (CAM) 85
7 NORTH AMERICA ENGINEERING SOFTWARE MARKET, BY APPLICATION 86
7.1 OVERVIEW 87
7.2 PRODUCT DESIGN 88
7.3 3D MODELLING 89
7.4 AUTOMATION DESIGN 89
7.5 PLANT DESIGN 90
7.6 OTHERS 90
8 NORTH AMERICA ENGINEERING SOFTWARE MARKET, BY ENTRPRISE SIZE 91
8.1 OVERVIEW 92
8.2 LARGE ENTERPRISE 93
8.3 MEDIUM ENTERPRISE 94
8.4 SMALL ENTERPRISE 94
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9 NORTH AMERICA ENGINEERING SOFTWARE MARKET, BY END USER 95
10.1 OVERVIEW 96
10.2 AUTOMOTIVE 97
10.2.1 ELECTRONIC DESIGN AUTOMATION (EDA) 98
10.2.2 COMPUTER-AIDED DESIGNING (CAD) 98
10.2.3 ARCHITECTURE, ENGINEERING & CONSTRUCTION (AEC) 98
10.2.4 COMPUTER-AIDED ENGINEERING (CAE) 98
10.2.5 COMPUTER-AIDED MANUFACTURING (CAM) 98
10.3 AEROSPACE & DEFENSE 99
10.3.1 ELECTRONIC DESIGN AUTOMATION (EDA) 99
10.3.2 COMPUTER-AIDED DESIGNING (CAD) 99
10.3.3 ARCHITECTURE, ENGINEERING & CONSTRUCTION (AEC) 100
10.3.4 COMPUTER-AIDED ENGINEERING (CAE) 100
10.3.5 COMPUTER-AIDED MANUFACTURING (CAM) 100
10.4 OIL AND GAS 100
10.4.1 ELECTRONIC DESIGN AUTOMATION (EDA) 101
10.4.2 COMPUTER-AIDED DESIGNING (CAD) 101
10.4.3 ARCHITECTURE, ENGINEERING & CONSTRUCTION (AEC) 101
10.4.4 COMPUTER-AIDED ENGINEERING (CAE) 101
10.4.5 COMPUTER-AIDED MANUFACTURING (CAM) 101
10.5 IT AND TELECOMMUNICATION 102
10.5.1 ELECTRONIC DESIGN AUTOMATION (EDA) 102
10.5.2 COMPUTER-AIDED DESIGNING (CAD) 102
10.5.3 ARCHITECTURE, ENGINEERING & CONSTRUCTION (AEC) 103
10.5.4 COMPUTER-AIDED ENGINEERING (CAE) 103
10.5.5 COMPUTER-AIDED MANUFACTURING (CAM) 103
10.6 HEALTHCARE 104
10.6.1 ELECTRONIC DESIGN AUTOMATION (EDA) 104
10.6.2 COMPUTER-AIDED DESIGNING (CAD) 104
10.6.3 ARCHITECTURE, ENGINEERING & CONSTRUCTION (AEC) 105
10.6.4 COMPUTER-AIDED ENGINEERING (CAE) 105
10.6.5 COMPUTER-AIDED MANUFACTURING (CAM) 105
10.7 OTHERS 105
10.7.1 ELECTRONIC DESIGN AUTOMATION (EDA) 106
10.7.2 COMPUTER-AIDED DESIGNING (CAD) 106
10.7.3 ARCHITECTURE, ENGINEERING & CONSTRUCTION (AEC) 106
10.7.4 COMPUTER-AIDED ENGINEERING (CAE) 106
10.7.5 COMPUTER-AIDED MANUFACTURING (CAM) 106
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11 NORTH AMERICA ENGINEERING SOFTWARE MARKET, BY REGION 107
11.1 NORTH AMERICA 109
11.1.1 U.S. 113
11.1.2 CANADA 116
11.1.3 MEXICO 119
12 NORTH AMERICA ENGINEERING SOFTWARE MARKET, COMPANY LANDSCAPE 122
12.1 COMPANY SHARE ANALYSIS: NORTH AMERICA
13 SWOT ANALYSIS 123
14 COMPANY PROFILES 124
14.1 AUTODESK, INC 124
14.1.1 COMPANY SNAPSHOT 124
14.1.2 REVENUE ANALYSIS 124
14.1.3 COMPANY SHARE ANALYSIS 125
14.1.4 SOLUTION PORTFOLIO 125
14.1.5 RECENT DEVELOPMENTS 127
14.2 SYNOPSIS, INC. 128
14.2.1 COMPANY SNAPSHOT 128
14.2.2 REVENUE ANALYSIS 128
14.2.3 COMPANY SHARE ANALYSIS 129
14.2.4 PRODUCT PORTFOLIO 129
14.2.5 RECENT DEVELOPMENTS 130
14.3 DASSAULT SYSTEMES 131
14.3.1 COMPANY SNAPSHOT 131
14.3.2 REVENUE ANALYSIS 131
14.3.3 COMPANY SHARE ANALYSIS 132
14.3.4 SOLUTION PORTFOLIO 132
14.3.5 RECENT DEVELOPMENTS 134
14.4 ANSYS, INC 135
14.4.1 COMPANY SNAPSHOT 135
14.4.2 REVENUE ANALYSIS 135
14.4.3 COMPANY SHARE ANALYSIS 136
14.4.4 PRODUCT PORTFOLIO 136
14.4.5 RECENT DEVELOPMENTS 139
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14.5 CADENCE DESIGN SYSTEMS, INC. 140
14.5.1 COMPANY SNAPSHOT 140
14.5.2 REVENUE ANALYSIS 140
14.5.3 COMPANY SHARE ANALYSIS 141
14.5.4 PRODUCT PORTFOLIO 141
14.5.5 RECENT DEVELOPMENTS 142
14.6 ALTAIR ENGINEERING INC. 143
14.6.1 COMPANY SNAPSHOT 143
14.6.2 REVENUE ANALYSIS 144
14.6.3 PRODUCT PORTFOLIO 144
14.6.4 RECENT DEVELOPMENTS 146
14.7 ALTIUM LIMITED 148
14.7.1 COMPANY SNAPSHOT 148
14.7.2 REVENUE ANALYSIS 148
14.7.3 PRODUCT PORTFOLIO 149
14.7.4 RECENT DEVELOPMENTS 149
14.8 AVEVA?GROUP (SUBSIDIARY OF SCHNEIDER ELECTRIC) 150
14.8.1 COMPANY SNAPSHOT 150
14.8.2 PRODUCT PORTFOLIO 150
14.8.3 RECENT DEVELOPMENT 151
14.9 BENTLEY SYSTEMS 152
14.9.1 COMPANY SNAPSHOT 152
14.9.2 REVENUE ANALYSIS 152
14.9.3 SOLUTION PORTFOLIO 153
14.9.4 RECENT DEVELOPMENTS 155
14.10 CARLSON SOFTWARE 156
14.10.1 COMPANY SNAPSHOT 156
14.10.2 SOLUTION PORTFOLIO 156
14.10.3 RECENT DEVELOPMENTS 157
14.11 CNC SOFTWARE, LLC (A SUBSIDIARY OF SANDVIK AB) 158
14.11.1 COMPANY SNAPSHOT 158
14.11.2 REVENUE ANALYSIS 158
14.11.3 SOLUTION PORTFOLIO 159
14.11.4 RECENT DEVELOPMENTS 160
14.12 COMPUTERS AND STRUCTURES, INC. 162
14.12.1 PRODUCT PORTFOLIO 162
14.12.2 RECENT DEVELOPMENTS 163
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14.13 BY COMSOL 164
14.13.1 COMPANY SNAPSHOT 164
14.13.2 SOLUTION PORTFOLIO 164
14.13.3 RECENT DEVELOPMENTS 165
14.14 ESI GROUP 166
14.14.1 COMPANY SNAPSHOT 166
14.14.2 PRODUCT PORTFOLIO 166
14.14.3 RECENT DEVELOPMENTS 167
14.15 HCL TECHNOLOGIES LIMITED 169
14.15.1 COMPANY SNAPSHOT 169
14.15.2 REVENUE ANALYSIS 169
14.15.3 SOLUTION PORTFOLIO 170
14.15.4 RECENT DEVELOPMENTS 172
14.16 HEXAGON AB 173
14.16.1 COMPANY SNAPSHOT 173
14.16.2 REVENUE ANALYSIS 173
14.16.3 SOLUTION PORTFOLIO 174
14.16.4 RECENT DEVELOPMENTS 174
14.17 PTC 176
14.17.1 REVENUE ANALYSIS 176
14.17.2 PRODUCT PORTFOLIO 177
14.17.3 RECENT DEVELOPMENTS 178
14.18 SIEMENS 179
14.18.1 COMPANY SNAPSHOT 179
14.18.2 REVENUE ANALYSIS 179
14.18.3 SOLUTION PORTFOLIO 180
14.18.4 RECENT DEVELOPMENTS 181
14.19 SIMSCALE 182
14.19.1 COMPANY SNAPSHOT 182
14.19.2 PRODUCT PORTFOLIO 182
14.19.3 RECENT DEVELOPMENTS 182
14.20 THE MATHWORKS, INC. 183
14.20.1 COMPANY SNAPSHOT 183
14.20.2 SOLUTION PORTFOLIO 183
14.20.3 RECENT DEVELOPMENTS 185
14.21 ZWSOFT CO., LTD.(GUANGZHOU) 186
14.21.1 COMPANY SNAPSHOT 186
14.21.2 SOLUTION PORTFOLIO 186
14.21.3 RECENT DEVELOPMENTS 187
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15 QUESTIONNAIRE 189
16 RELATED REPORTS 193
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