Engineering Software Market – Size, Share, Trends, Growth, Forecast (2024 – 2032)

Published : 30 Aug 2024

Report Type : Global

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Description Table of Contents Scope of the Report

Engineering Software Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Introduction:

Engineering software is a special type of package and software solutions which are widely utilized across specialized engineering applications which include civil, mechanical, electrical and electronics, computer science, food and agriculture, production engineering and others. It helps in providing accurate precision and more accuracy in designs and proper documentation for project management. As most of the business are focusing on expanding product portfolios, coupled with producing technologically advanced offers.

Global Engineering Software Market Size & Growth:

The global engineering software market was accounted for $31.21 billion in 2018 and it is expected to attain $XX billion by 2026 with a CAGR of XX%. The engineering software market is primarily attributed by the

Engineering Software Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

factors such as growing need for automation and cost-effective technology, rapid expansion in manufacturing industry, increasing construction and infrastructure developments, and high availability of portable computing devices. On the flip side, high maintenance and permit costs and high requirement of technological expertise are major restraints hampering the market growth during the forecast period. Introduction of IOT, rising demand for 3d modelling, and wide spread of factory automation are providing major opportunities to the engineering software market.

Global Engineering Software Market Segments:

The global engineering software market is segregated into software type, application, end user and region. Based on software type, the market is segmented into computer-aided designing, computer-aided manufacturing, computer-aided engineering, architecture, engineering and construction, electronic design automation. The CAD (Computer-Aided-Designing) segment holds the largest market share during the forecast period. The segment growth is mainly application of engineering

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Engineering Software Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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