The engineering software market is expected to grow from US$ US$ 25.60 Bn in 2017 to US$ 44.54 Bn by 2025 at a CAGR of 7.2% between 2017 and 2025.
Engineering Software market operates in a highly-competitive marketplace. As leading companies in this market continues to broaden its addressable market, by expanding its current product portfolio, diversifying its client base, and developing new applications and markets, all the prominent players faces an increasing level of competition, both from start-ups as well the leading global technology and industrial companies in the world. Technology is witnessing a high growth owing to its increasing applications in several new industries such as automotive, construction electronics, oil & gas and others. The engineering software market is further flourishing due to the rising adoption of portable computing devices at workplace coupled with easy availability of these software over cloud. The South America engineering software market region is expected to witness a CAGR growth rate of 7.7% in the coming years.
Engineering Software Market by Region
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Engineering Software Market Insights
Surge in popularity of automation and cost effective technology
The increasing market competition has its impetus on the global plant O/Os’ and EPCs’ to decrease production errors and operating expenditure. Throughout the process of designing, manufacturing and commissioning, certain international standards are to be followed that facilitates plant engineers to enhance quality. Design software, constant analysis and upgrading of standards can provide a solution to intensify quality and production. Therefore, companies worldwide are increasingly implementing engineering software to minimize production/construction errors. Moreover, due to the massive sale of the products, error prevention and automation has risen dramatically in recent years. All the specifications of the production are expected to be handled with perfection, ensuring the maximization of the up-time. Thus, with the help of engineering software, design as well as process monitoring are integrated to meet the global consumer demand. Subsequently, driving the growth for engineering software market in the coming years.
Increase in development across construction and infrastructure sector
Construction is considered to be one of the key contribution to country’s socio-economic development. The developing economies worldwide such as such as Ethiopia, India, China, Brazil, Uzbekistan, Cambodia, Tanzania and Myanmar among others are experiencing a high growth in its construction sector. This has resulted in development of new households and other commercial construction. Also, the basic infrastructure of these economies is on the emerging pace. For instance, Asia Pacific and SAM comprises of several developing economies, which are attracting a lot of FDIs in their infrastructural development. These developments will further lead to construction of their infrastructure development. With the construction sector growing, the demand for engineering software will increase. Thus, the growing developments across construction and infrastructure industry verticals is expected to provide numerous profitable opportunities for the engineering software market players in the coming years.
Engineering Software Market - Application Insight
In the global engineering software market for the drafting & 3D modeling segment by application, there is a constant pressure on plant O/Os and EPC companies to fulfil the global demands in a highly competitive market environment. Faster and cheaper delivery to the market helps in reducing project margins and anticipates more for less in the current CAPEX process, marine and power market. Thus, power and manufacturing industries are implementing solutions that enables them to meet higher production objectives and stringent regulatory requirements for building a plant. Engineers are generally dependent on models and drawings of their respective projects to assist their work. 2D CAD models do not always offer required accuracy and speed thus, the professionals are using 3D modelling for enhanced efficiency and visual of their designs. 3D modelling offers several benefits, which includes enhancement in the design quality, easy documentation, increased designer productivity, automatic design redrawing, international standards compliance, better client visualization, design time reduction, data and drawings savings, as well as cost savings. Thus, the drafting & 3D modeling segment by application for engineering software market is projected to provide numerous lucrative business opportunities for the market players in the forecast period.
Engineering Software Market – Software Type Insight
For the global engineering software market, CAD is abbreviated as Computer Aided Designing software. CAD software caters to the specific purpose of modelling and designing of components and products before they are manufactured. It is a software package that facilitates architectures, engineers and design professionals in prototyping and drafting industry specific products. This segment of engineering software can be further bifurcated into 3D and 2D Computer Aided Designing software. The 2D CAD is for designing and sketching of planograms and prototypes in two dimensions whereas 3D CAD provides access to the tools that help in designing of three dimensional models and structures on computer. Currently North America captures the majority of the market globally followed by other regions. The technology is used by all kinds of buildings, from basic residential types such as houses to magnificent industrial and commercial structures such as factories and hospitals. The CAD engineering software market is expected to grow at a CAGR of 6.9% during the forecast period.
Engineering Software Market by CAD
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Engineering Software Market -
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Engineering Software Market: Strategic Insights
Market Size Value in US$ 25.60 Billion in 2017 Market Size Value by US$ 44.54 Billion by 2025 Growth rate CAGR of 7.2% from 2017 to 2025 Forecast Period 2017-2025 Base Year 2017
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Engineering Software Market: Strategic Insights
| Market Size Value in | US$ 25.60 Billion in 2017 |
| Market Size Value by | US$ 44.54 Billion by 2025 |
| Growth rate | CAGR of 7.2% from 2017 to 2025 |
| Forecast Period | 2017-2025 |
| Base Year | 2017 |
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Strategies such as acquisition, market initiative and new development was observed as the most adopted strategy in global engineering software market. Few of the recent strategies by some of the players’ operating in the engineering software market landscape are listed below-
2017: PTC and ANSYS announced a solution that is expected enable ANSYS engineering simulation technology to be rapidly added to applications built on the ThingWorx.
2016: Announced launch of its PTC AgileWorx™ solution that would be industry’s first most agile solution designed to facilitate product engineering teams with improvised innovation and time-to-market.
2016: Rockwell Automation enhanced its Studio 5000 Software with integrated development environment. The advanced version includes expanded integration with engineering tools, pre-developed application content to replace custom code, and new features to help enhance security.
GLOBAL ENGINEERING SOFTWARE MARKET SEGMENTATION
Engineering Software Market – By Software Type
- Computer-aided Designing (CAD)
- Computer-aided Manufacturing (CAM)
- Computer-aided Engineering (CAE)
- Architecture, Engineering & Construction (AEC)
- Electronic Design Automation (EDA)
Engineering Software Market – By Application
- Plant Design
- Design Automation
- Drafting & 3D Modeling
- Product Design & Testing
- Others
Engineering Software Market - By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- Spain
- U.K.
- Asia Pacific (APAC)
- Japan
- China
- India
- Australia
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- South America
- Brazil
Engineering Software Market - Company Profiles
- PTC, Inc
- Rockwell Automation
- SAP SE
- Siemens PLM Software Inc.
- Synopsys, Inc.
- Autodesk, Inc.
- AVEVA Group plc
- Dassault Systemes, S.A.
- Vectorworks Inc.
- Aspen Technology, Inc.
- Intergraph Corporation
- KBC Advanced Technologies Plc
- Cranes Software International Ltd.
- Ansys, Inc.
- SmartDraw, LLC
- D’GIPRO Design Automation Pvt. Ltd.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Software Type ; and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Table of Contents 2
1.1 List of Tables 10
1.2 List of Figures 11
2 Introduction 14
2.1 Scope of the Study 14
2.2 The Insight Partners Research Report Guidance 14
3 Key Takeaways 16
4 Engineering Software Market Landscape 19
4.1 Market Overview 19
4.2 Market Segmentation 21
4.2.1 Global Engineering Software Market – By Software Type 22
4.2.2 Global Engineering Software Market – By Application 23
4.2.3 Global Engineering Software Market – By Geography 23
4.3 PEST Analysis 25
4.3.1 North America PEST Analysis 25
4.3.2 Europe PEST Analysis 27
4.3.3 Asia Pacific PEST Analysis 29
4.3.4 Middle East & Africa PEST Analysis 32
4.3.5 South America PEST Analysis 35
5 Global Engineering Software Market – Key Industry Dynamics 37
5.1 Key Market Drivers 37
5.1.1 Burgeoning Need for Automation and Cost-Effective Technology 37
5.1.2 Rapid Expansion in Manufacturing Industry 37
5.1.3 Growing Construction and Infrastructure Developments 38
5.2 Key Market Restraints 39
5.2.1 High License and Maintenance Cost 39
5.2.2 Complicated End-User Requirements 39
5.3 Key Market Opportunities 40
5.3.1 Introduction of IoT 40
5.3.2 Wide Spread of Factory Automation 40
5.3.3 Emergence of Advanced Driver Assistance Systems (ADAS) 40
5.3.4 Oil & Gas Exploration 41
5.4 Future Trends 42
5.4.1 Mobile Access to CAD 42
5.4.2 Emerging Cloud based CAD 42
5.5 Impact Analysis of Drivers and Restraints 43
6 Engineering Software Market – Global 43
6.1 Global Engineering Software Market Overview 44
6.2 Global Engineering Software Market Forecast and Analysis 44
7 Global Engineering Software Market Analysis – By Software Types 46
7.1 Overview 46
7.2 Computer Aided Designing Software 47
7.2.1 Overview 47
7.2.2 Global Computer Aided Design Software Market Revenue and Forecasts to 2025 (US$ Mn) 47
7.3 Computer-aided Manufacturing (CAM) Software Market 49
7.3.1 Overview 49
7.3.2 Global Computer-aided Manufacturing (CAM) Software Market Revenue and Forecasts to 2025 (US$ Mn) 49
7.4 Computer-aided Engineering (CAE) Software 50
7.4.1 Overview 50
7.4.2 Global Computer-aided Engineering (CAE) Software Market Revenue and Forecasts to 2025 (US$ Mn) 51
7.5 Architecture, Engineering & Construction (AEC) Software 52
7.5.1 Overview 52
7.5.2 Global Architecture, Engineering & Construction (AEC) Software Market Revenue and Forecasts to 2025 (US$ Mn) 52
7.6 Electronic Design Automation (EDA) Software 53
7.6.1 Overview 53
7.6.2 Global Electronic Design Automation (EDA) Software Market Revenue and Forecasts to 2025 (US$ Mn) 54
8 Global Engineering Software Market Analysis –By Applications 55
8.1 Overview 55
8.2 Plant Design 56
8.2.1 Overview 56
8.2.2 Global Plant Design Market Revenue and Forecasts to 2025 (US$ Mn) 56
8.3 Design Automation 58
8.3.1 Overview 58
8.3.2 Global Design Automation Market Revenue and Forecasts to 2025 (US$ Mn) 58
8.4 Drafting & 3D Modelling 60
8.4.1 Overview 60
8.4.2 Global Drafting & 3D Modelling Market Revenue and Forecasts to 2025 (US$ Mn) 60
8.5 Product Design & Testing 62
8.5.1 Overview 62
8.5.2 Global Product Design & Testing Market Revenue and Forecasts to 2025 (US$ Mn) 62
8.6 Others 64
8.6.1 Overview 64
8.6.2 Global Others Market Revenue and Forecasts to 2025 (US$ Mn) 64
9 Global Engineering Software Market – Geographical Analysis 66
9.1 Overview 66
9.2 North America Engineering Software Market Revenue and Forecasts to 2025 67
9.2.1 Overview 67
9.2.2 North America Engineering Software Market Revenue and Forecasts to 2025 (US$ Mn) 68
9.2.3 North America Engineering Software Market Breakdown by Key Countries 69
9.2.3.1 US Engineering Software Market Revenue and Forecasts to 2025 (US$ Mn) 70
9.2.3.2 Canada Engineering Software Market Revenue and Forecasts to 2025 (US$ Mn) 71
9.2.3.3 Mexico Engineering Software Market Revenue and Forecasts to 2025 (US$ Mn) 72
9.2.4 North America Engineering Software Market Breakdown by Software Type 73
9.2.5 North America Engineering Software Market Breakdown by Applications 74
9.3 Europe Engineering Software Market Revenue and Forecasts to 2025 75
9.3.1 Overview 75
9.3.2 Europe Engineering Software Market Revenue and Forecasts to 2025 (US$ Mn) 75
9.3.3 Europe Engineering Software Market Breakdown by Key Countries 77
9.3.3.1 France Engineering Software Market Revenue and Forecasts to 2025 (US$ Mn) 78
9.3.3.2 Germany Engineering Software Market Revenue and Forecasts to 2025 (US$ Mn) 79
9.3.3.3 Italy Engineering Software Market Revenue and Forecasts to 2025 (US$ Mn) 80
9.3.3.4 Spain Engineering Software Market Revenue and Forecasts to 2025 (US$ Mn) 81
9.3.3.5 UK Engineering Software Market Revenue and Forecasts to 2025 (US$ Mn) 82
9.3.4 Europe Engineering Software Market Breakdown by Software Type 83
9.3.5 Europe Engineering Software Market Breakdown by Applications 83
9.4 Asia Pacific (APAC) Engineering Software Market Revenue and Forecasts to 2025 84
9.4.1 Overview 84
9.4.2 Asia Pacific Engineering Software Market Revenue and Forecasts to 2025 (US$ Mn) 85
9.4.3 Asia Pacific Engineering Software Market Breakdown by Countries 87
9.4.3.1 Australia Engineering Software Market Revenue and Forecasts to 2025 (US$ Mn) 88
9.4.3.2 China Engineering Software Market Revenue and Forecasts to 2025 (US$ Mn) 89
9.4.3.3 India Engineering Software Market Revenue and Forecasts to 2025 (US$ Mn) 90
9.4.3.4 Japan Engineering Software Market Revenue and Forecasts to 2025 (US$ Mn) 91
9.4.4 Asia Pacific Engineering Software Market Breakdown by Software Type 92
9.4.5 Asia Pacific Engineering Software Market Breakdown by Applications 93
9.5 Middle East & Africa (MEA) Engineering Software Market Revenue and Forecasts to 2025 94
9.5.1 Overview 94
9.5.2 Middle East & Africa Engineering Software Market Revenue and Forecasts to 2025 (US$ Mn) 95
9.5.3 Middle East & Africa Engineering Software Market Breakdown by Key Countries 96
9.5.3.1 Saudi Arabia Engineering Software Market Revenue and Forecasts to 2025 (US$ Mn) 97
9.5.3.2 UAE Engineering Software Market Revenue and Forecasts to 2025 (US$ Mn) 98
9.5.3.3 South Africa Engineering Software Market Revenue and Forecasts to 2025 (US$ Mn) 99
9.5.4 Middle East & Africa Engineering Software Market Breakdown by Software Type 100
9.5.5 Middle East & Africa Engineering Software Market Breakdown by Applications 101
9.6 South America Engineering Software Market Revenue and Forecasts to 2025 102
9.6.1 Overview 102
9.6.2 South America Engineering Software Market Revenue and Forecasts to 2025 (US$ Mn) 103
9.6.3 South America Engineering Software Market Breakdown by Key Countries 104
9.6.3.1 Brazil Engineering Software Market Revenue and Forecasts to 2025 (US$ Mn) 105
9.6.4 South America Engineering Software Market Breakdown by Software Type 106
9.6.5 South America Engineering Software Market Breakdown by Applications 106
10 Industry Landscape 108
10.1 Market Initative 108
10.2 Merger and Acquisition 109
10.3 New Development 109
11 Competitive Landscape 111
11.1 Competitive Product Mapping 111
11.2 Market positioning 112
12 Global Engineering Software Market – Key Company Profiles 113
12.1 PTC, Inc. 113
12.1.1 Key Facts 113
12.1.2 Business Description 113
12.1.3 Financial Overview 114
12.1.4 SWOT Analysis 114
12.1.5 Key Developments 116
12.2 Rockwell Automation 118
12.2.1 Key Facts 118
12.2.2 Business Description 118
12.2.3 Financial Overview 119
12.2.4 SWOT Analysis 119
12.2.5 Key Developments 121
12.3 SAP SE 123
12.3.1 Key Facts 123
12.3.2 Business Description 123
12.3.3 Financial Overview 124
12.3.4 SWOT Analysis 124
12.3.5 Key Developments 128
12.4 Siemens PLM Software Inc. 129
12.4.1 Key Facts 129
12.4.2 Business Description 129
12.4.3 Financial Overview 129
12.4.4 SWOT Analysis 130
12.4.5 Key Developments 132
12.5 Synopsys, Inc. 133
12.5.1 Key Facts 133
12.5.2 Business Description 133
12.5.3 Financial Overview 134
12.5.4 SWOT Analysis 134
12.5.5 Key Developments 137
12.6 Autodesk, Inc. 138
12.6.1 Key Facts 138
12.6.2 Business Description 138
12.6.3 Financial Overview 139
12.6.4 SWOT Analysis 139
12.6.5 Key Developments 141
12.7 AVEVA Group plc 143
12.7.1 Key Facts 143
12.7.2 Business Description 143
12.7.3 Financial Overview 144
12.7.4 SWOT Analysis 144
12.7.5 Key Developments 147
12.8 Dassault Systemes, S.A. 148
12.8.1 Key Facts 148
12.8.2 Business Description 148
12.8.3 Financial Overview 149
12.8.4 SWOT Analysis 149
12.8.5 Key Developments 152
12.9 Vectorworks Inc. 153
12.9.1 Key Facts 153
12.9.2 Business Description 153
12.9.3 Financial Overview (Nemetschek Group) 154
12.9.4 SWOT Analysis 154
12.9.5 Key Developments 156
12.10 Aspen Technology, Inc. 158
12.10.1 Key Facts 158
12.10.2 Business Description 158
12.10.3 Financial Overview 159
12.10.4 SWOT Analysis 159
12.10.5 Key Developments 161
12.11 Intergraph Corporation 162
12.11.1 Key Facts 162
12.11.2 Business Description 162
12.11.3 Financial Overview (Hexagon AB) 163
12.11.4 SWOT Analysis 163
12.11.5 Key Developments 165
12.12 KBC Advanced Technologies Plc 167
12.12.1 Key Facts 167
12.12.2 Business Description 167
12.12.3 Financial Overview (Yokogawa Electric Company) 168
12.12.4 SWOT Analysis 168
12.12.5 Key Developments 170
12.13 Cranes Software International Ltd. 171
12.13.1 Key Facts 171
12.13.2 Business Description 171
12.13.3 Financial Overview 172
12.13.4 SWOT Analysis 172
12.13.5 Key Developments 174
12.14 Ansys, Inc. 175
12.14.1 Key Facts 175
12.14.2 Business Description 175
12.14.3 Financial Overview 176
12.14.4 SWOT Analysis 176
12.14.5 Key Developments 179
12.15 SmartDraw, LLC 181
12.15.1 Key Facts 181
12.15.2 Business Description 181
12.15.3 Financial Overview 181
12.15.4 SWOT Analysis 182
12.15.5 Key Developments 183
12.16 D’GIPRO Design Automation Pvt. Ltd. 185
12.16.1 Key Facts 185
12.16.2 Business Description 185
12.16.3 Financial Overview 186
12.16.4 SWOT Analysis 186
12.16.5 Key Developments 188
13 Appendix 189
13.1 About The Insight Partners 189
13.2 Glossary of Terms 190
13.3 Methodology 192
13.3.1 Coverage 192
13.3.2 Secondary Research 192
13.3.3 Primary Research 193
13.4 Contact Us 194
13.5 Disclaimer 195
1.1 List of Tables
Table 1: Global Engineering Software Market Revenue and Forecasts to 2025 (US$ Bn) 45
Table 2: North America Engineering Software Market Revenue and Forecasts to 2025 – By Software Type (US$ Mn) 73
Table 3: North America Engineering Software Market Revenue and Forecasts to 2025 – By Applications (US$ Mn) 74
Table 4: Europe Engineering Software Market Revenue and Forecasts to 2025 – By Software Type (US$ Mn) 83
Table 5: Europe Engineering Software Market Revenue and Forecasts to 2025 – By Applications (US$ Mn) 84
Table 6: Asia Pacific Engineering Software Market Revenue and Forecasts to 2025 – By Software Type (US$ Mn) 92
Table 7: Asia Pacific Engineering Software Market Revenue and Forecasts to 2025 – By Applications (US$ Mn) 93
Table 8: Middle East & Africa Engineering Software Market Revenue and Forecasts to 2025 – By Software Type (US$ Mn) 100
Table 9: Middle East & Africa Engineering Software Market Revenue and Forecasts to 2025 – By Applications (US$ Mn) 101
Table 10: South America Engineering Software Market Revenue and Forecasts to 2025 – By Software Type (US$ Mn) 106
Table 11: South America Engineering Software Market Revenue and Forecasts to 2025 – By Applications (US$ Mn) 107
Table 12: Glossary of Terms, Engineering Software Market 190
1.2 List of Figures
Figure 1: Global Drafting & 3D Modelling Market, US Revenue (US$ Mn), 2016 & 2025 17
Figure 2: Global EDA Market, US Revenue (US$ Mn), 2016 & 2025 18
Figure 3: Engineering Software Market Segmentation 21
Figure 4: Engineering Software Market Segmentation 22
Figure 5: North America PEST Analysis 25
Figure 6: Europe PEST Analysis 27
Figure 7: APAC PEST Analysis 29
Figure 8: Middle East & Africa (MEA) PEST Analysis 32
Figure 9: South America (SAM) PEST Analysis 35
Figure 10: Global Engineering Software Market Impact Analysis of Driver and Restraints 43
Figure 11: Global Engineering Software Market Revenue and Forecasts to 2025 (US$ Bn) 45
Figure 12: Global Engineering Software Market Breakdown By Software Type, 2016 & 2025 (%) 46
Figure 13: Global Computer Aided Design (CAD) Software Market Revenue and Forecasts to 2025 (US$ Mn) 48
Figure 14: Global Computer-aided Manufacturing (CAM) Market Revenue and Forecasts to 2025 (US$ Mn) 50
Figure 15: Global Computer-aided Engineering (CAE) Software Market Revenue and Forecasts to 2025 (US$ Mn) 51
Figure 16: Global Architecture, Engineering & Construction (AEC) Software Market Revenue and Forecasts to 2025 (US$ Mn) 53
Figure 17: Global Electronic Design Automation (EDA) Software Market Revenue and Forecasts to 2025 (US$ Mn) 54
Figure 18: Global Engineering Software Market Breakdown by Applications, 2016 & 2025 (%) 55
Figure 19: Global Plant Design Market Revenue and Forecasts to 2025 (US$ Mn) 57
Figure 20: Global Design Automation Market Revenue and Forecasts to 2025 (US$ Mn) 59
Figure 21: Global Drafting & 3D Modelling Market Revenue and Forecasts to 2025 (US$ Mn) 61
Figure 22: Global Product Design & Testing Market Revenue and Forecasts to 2025 (US$ Mn) 63
Figure 23: Global Others Market Revenue and Forecasts to 2025 (US$ Mn) 65
Figure 24: Engineering Software Market, Global Breakdown by Regions, 2016 & 2025 (%) 66
Figure 25: North America Engineering Software Market Revenue and Forecasts to 2025 (US$ Mn) 68
Figure 26: North America Engineering Software Market Breakdown by Key Countries, 2016 & 2025 (%) 69
Figure 27: US Engineering Software Market Revenue and Forecasts to 2025 (US$ Mn) 70
Figure 28: Canada Engineering Software Market Revenue and Forecasts to 2025 (US$ Mn) 71
Figure 29: Mexico Engineering Software Market Revenue and Forecasts to 2025 (US$ Mn) 72
Figure 30: North America Engineering Software Market Breakdown by Software Type, 2016 & 2025 (%) 73
Figure 31: North America Engineering Software Market Breakdown by Applications, 2016 & 2025 (%) 74
Figure 32: Europe Engineering Software Market Revenue and Forecasts to 2025 (US$ Mn) 76
Figure 33: Europe Engineering Software Market Breakdown by Key Countries, 2016 & 2025 (%) 77
Figure 34: France Engineering Software Market Revenue and Forecasts to 2025 (US$ Mn) 78
Figure 35: Germany Engineering Software Market Revenue and Forecasts to 2025 (US$ Mn) 79
Figure 36: Italy Engineering Software Market Revenue and Forecasts to 2025 (US$ Mn) 80
Figure 37: Spain Engineering Software Market Revenue and Forecasts to 2025 (US$ Mn) 81
Figure 38: UK Engineering Software Market Revenue and Forecasts to 2025 (US$ Mn) 82
Figure 39: Europe Engineering Software Market Breakdown by Software Type, 2016 & 2025 (%) 83
Figure 40: Europe Engineering Software Market Breakdown by Applications, 2016 & 2025 (%) 84
Figure 41: Asia Pacific Engineering Software Market Revenue and Forecasts to 2025 (US$ Mn) 86
Figure 42: Asia Pacific Engineering Software Market Breakdown by Key Countries, 2016 & 2025 (%) 87
Figure 43: Australia Engineering Software Market Revenue and Forecasts to 2025 (US$ Mn) 88
Figure 44: China Engineering Software Market Revenue and Forecasts to 2025 (US$ Mn) 89
Figure 45: India Engineering Software Market Revenue and Forecasts to 2025 (US$ Mn) 90
Figure 46: Japan Engineering Software Market Revenue and Forecasts to 2025 (US$ Mn) 91
Figure 47: Asia Pacific Engineering Software Market Breakdown by Software Type, 2016 & 2025 (%) 92
Figure 48: Asia Pacific Engineering Software Market Breakdown by Applications, 2016 & 2025 (%) 93
Figure 49: Middle East & Africa Engineering Software Market Revenue and Forecasts to 2025 (US$ Mn) 95
Figure 50: Middle East & Africa Engineering Software Market Breakdown by Key Countries, 2016 & 2025 (%) 96
Figure 51: Saudi Arabia Engineering Software Market Revenue and Forecasts to 2025 (US$ Mn) 97
Figure 52: UAE Engineering Software Market Revenue and Forecasts to 2025 (US$ Mn) 98
Figure 53: South Africa Engineering Software Market Revenue and Forecasts to 2025 (US$ Mn) 99
Figure 54: Middle East & Africa Engineering Software Market Breakdown by Software Type, 2016 & 2025 (%) 100
Figure 55: Middle East & Africa Engineering Software Market Breakdown by Applications, 2016 & 2025 (%) 101
Figure 56: South America Engineering Software Market Revenue and Forecasts to 2025 (US$ Mn) 103
Figure 57: South America Engineering Software Market Breakdown by Key Countries, 2016 & 2025 (%) 104
Figure 58: Brazil Engineering Software Market Revenue and Forecasts to 2025 (US$ Mn) 105
Figure 59: South America Engineering Software Market Breakdown by Software Type, 2016 & 2025 (%) 106
Figure 60: South America Engineering Software Market Breakdown by Applications, 2016 & 2025 (%) 107
1. PTC, Inc
2. Rockwell Automation
3. SAP SE
4. Siemens PLM Software Inc.
5. Synopsys, Inc.
6. Autodesk, Inc.
7. AVEVA Group plc
8. Dassault Systemes, S.A.
9. Vectorworks Inc.
10. Aspen Technology, Inc.
11. Intergraph Corporation
12. KBC Advanced Technologies Plc
13. Cranes Software International Ltd.
14. Ansys, Inc.
15. SmartDraw, LLC
16. D’GIPRO Design Automation Pvt. Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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