Market Analysis
Market Research Future (MRFR) projects that the Software Engineering Industry will demonstrate a double-digit CAGR of 11.72% during the assessment period (2016-2022). Software engineering is applied in system designing, deployment, development, management and testing.
The global Software Engineering Industry is benefiting from the increased inclination towards industrial automation. Software systems such as Computer-Aided Manufacturing (CAM) and Computer Aided Design (CAD) are witnessing widespread popularity in various industrial verticals. The growing of designing software to overcome some the exiting design challenges is creating lucrative market opportunities. Industries such as construction, manufacturing and healthcare are posting the strong demand for such software applications.
CAM software tools are increasingly used for creating 3D assembling and models. These software tools significantly reduce the overall cost of designing. 3D models are virtual and allow real-time modifications that are needed. CAD software tool is used in surface modelling, solid modelling, drafting, assembly reverse engineering, detailing, etc.
The rising demand for building information modelling (BIM) is providing an impetus to the global Software Engineering Industry. BIM is important for managing the entire project development right from design to fabrication and construction to operation. BIM is also relied upon for maintenance services. It is compatible with various formats, which ensures collection of all the information that is available. A number of technology companies including Wipro, Trimble and Autodesk are swaggering on BIM for providing critical design solutions.
On the major challenges for companies is the increasing risk of software piracy. Restricting software piracy is extremely difficult, which eventually leads to major revenue losses. Lack of skilled professional with technical know-how also hinders the market growth to certain extent.
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Market Segmentation
The segmental analysis of the market has been conducted software and application.
On the basis of software type, the market has been Computer-Aided Designing (CAD), Computer-Aided Engineering (CAE), Computer-Aided Manufacturing (CAM), Electronic Design Automation (EDA) and Architecture, Engineering and Construction (AEC). In terms of value, the CAD segment accounted for a significant market share in 2018. During the forecast period, the segment is projected to post 13.38% CAGR.
On the basis of application, the market has been segmented into plant design, 3D modelling, automation design, product design and others. On the basis of end user, the market has been segmented into banking, IT & telecommunication, automotive, healthcare, aerospace & defense, oil & gas and others.
Key Players
Some of the prominent players in the global Software engineering Market Trends : Autodesk, Inc.(U.S.), Bentley Systems, Inc. (U.S.), Dassault Systemes S.A (France), Siemens PLM Software, Inc.(U.S.), SAP SE (Germany), PTC, Inc.(U.S.), Ansys, Inc. (U.S.), MSC Software Corporation, Carlson Software Inc. (U.S.) and Geometric Ltd. (India).
Market Research Future Analysis:
On the basis of region, the market has been segmented into Europe, Asia Pacific (APAC), North America, the Middle East & Africa (MEA) and South America. Of these, North America currently occupies the top-spot. It is projected that the North America software engineering market will surge at a double-digit CAGR of 10.42% from 2016 to 2022. The market grow in North America is primarily driven by the rapid adoption of cloud-based software applications in countries such as Canada and the US. At the same time, presence prominent market players such as IBM Corporation, Bentley Systems, Inc. and Autodesk Inc. puts North America at a favourable position in the global software engineering market. Europe currently holds the second position in the global market in terms of value. The region’s market is projected to witness 12.58% CAGR during the assessment period. Whereas, the market in APAC is projected to post the highest CAGR of 13.32% during the assessment period.
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TABLE OF CONTENTS
TABLE 1 GLOBAL SOFTWARE ENGINEERING MARKET TRENDS, BY SOFTWARE TYPE, 2016–2022 (USD MILLION)
TABLE 2 GLOBAL SOFTWARE ENGINEERING MARKET TRENDS, BY APPLICATION, 2016–2022 (USD MILLION)
TABLE 3 GLOBAL SOFTWARE ENGINEERING MARKET TRENDS, BY END USER, 2016–2022(USD MILLION)
TABLE 4 GLOBAL SOFTWARE ENGINEERING MARKET TRENDS, 2016–2022 (USD MILLION)
TABLE 5 NORTH AMERICA SOFTWARE ENGINEERING MARKET TRENDS, BY COUNTRY,2016–2022 (USD MILLION)
TABLE 6 NORTH AMERICA SOFTWARE ENGINEERING MARKET TRENDS, BY SOFTWARE TYPE, 2016–2022(USD MILLION)
TABLE 7 NORTH AMERICA SOFTWARE ENGINEERING MARKET TRENDS, BY APPLICATION, 2016–2022 (USD MILLION)
TABLE 8 NORTH AMERICA SOFTWARE ENGINEERING MARKET TRENDS, BY END USER, 2016–2022 (USD MILLION)
TABLE 9 US SOFTWARE ENGINEERING MARKET TRENDS, BY SOFTWARE TYPE, 2016–2022 (USD MILLION)
TABLE 10 US SOFTWARE ENGINEERING MARKET TRENDS, BY APPLICATION, 2016–2022 (USD MILLION)
SOFTWARE ENGINEERING MARKET TRENDS, BY SOFTWARE TYPE, 2016–2022(USD MILLION)
Continued…
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Software Engineering Market Trends - OverviewThe Global Software Engineering Market Trends is growing with the rapid pace; mainly due to the advent of automation and high adoption of internet of things in automotive industry.
According to a recent study report published by the Market Research Future, the global market of Software Engineering is booming and expected to gain importance over the forecast period.
The market is projected to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016 – 2022).The factors driving the global market of Software Engineering Market Trends are Increasing Demand for Automation and Massive Penetration of Building Information Modelling (BIM) rise in threats among others.
On the other hand, Piracy Issues, Lack of Skilled Personnel are some of the factors hindering the growth of Software Engineering Market.Automation is the new buzz word and is trending across industry verticals.
Applications such as Computer aided design (CAD) and Computer aided manufacturing (CAM) are increasingly being used to both, design a product and program manufacturing processes such as CNC machining.
Therefore, the software engineering market is expected to grow profoundly in the coming years.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/2180Segments:The Software Engineering Market Trends can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;Segmentation by Software Type: Comprises Computer-Aided Designing (CAD), Computer-Aided Manufacturing (CAM), Computer-Aided Engineering (CAE), Architecture, Engineering and Construction (AEC), Electronic Design Automation (EDA).Segmentation by Application: Comprises Automation Design, Plant Design, Product Design, 3D Modelling and OthersSegmentation by End-user: Comprises Aerospace & Defense, Automotive, Banking, IT & Telecommunication, Oil & Gas, Healthcare and othersSegmentation by Regions: Comprises Geographical regions - North America, Europe, Asia Pacific and Rest of the World.Key PlayersSome of the prominent players in the Software Engineering Market Trends: Autodesk, Inc.(U.S.), Bentley Systems, Inc. (U.S.), Dassault Systemes S.A (France), Siemens PLM Software, Inc.(U.S.), SAP SE (Germany), PTC, Inc.(U.S.), Ansys, Inc. (U.S.), MSC Software Corporation, Carlson Software Inc. (U.S.) and Geometric Ltd. (India).Market Research Future Analysis:Asia-Pacific is dominating the Global Software Engineering Market with the largest market share owing to the emergence of several manufacturing industries and rising demand from the automation industry.
Let’s have a closer look at software engineering trends and know how it helps the businesses and enterprises industry for innovations and ways to continue the use of technology to drive remarkable results.
Global Software Engineering Market – OverviewThe Global Software Engineering Market is growing with the rapid pace; mainly due to the advent of automation and high adoption of internet of things in automotive industry.
According to a recent study report published by the Market Research Future, the global market of Software Engineering is booming and expected to gain importance over the forecast period.
On the other hand, Piracy Issues, Lack of Skilled Personnel are some of the factors hindering the growth of Software Engineering Market.Get Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/2180Automation is the new buzz word and is trending across industry verticals.
Applications such as Computer aided design (CAD) and Computer aided manufacturing (CAM) are increasingly being used to both, design a product and program manufacturing processes such as CNC machining.
Therefore, the software engineering market is expected to grow profoundly in the coming years.Software Engineering Global Market – Competitive Analysis:The Market of Software Engineering appears to be highly competitive.
Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio.Major players are investing on internal R and, most of all, in strategic partnerships.
