Technavio’s analysts forecast the Global Computer Aided Engineering (CAE) market to grow at a CAGR of 6.5 percent over the period 2010–2014. One of the key factors contributing to this market growth is the increasing demand from industries in developing countries. The Global CAE market has also been witnessing an increased spending on information technology by engineering firms. However, the industry also faces a challenge of the increasing availability of open source CAE software.
Key vendors dominating this market include Ansys, Dassault Systèmes, MSC Software, and LMS International.
Technavio’s Global Computer Aided Engineering Market 2010–2014 report has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report, which covers the APAC region as well as the Americas and Europe, covers the buying criteria that the customers would consider while buying the devices. The report also includes a discussion on the key vendors operating in this market.
Key questions answered in this report:
What will the market size be in 2014 and at what rate will it grow?
What key trends is this market subject to?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the opportunities and threats faced by each of these key vendors?
What are the strengths and weaknesses of each of these key vendors?