Software Engineering Industry Trends 2019: Global Analysis by Size, Share, Opportunities, Sales Revenue, Competitive Landscape, Segmentation and Regional Forecast 2022
Market Research Future published a research report on “Software Engineering Market Research Report- Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
Pune, India – October 8, 2019 /MarketersMedia/ —
Market Analysis
The global software engineering market is predicted to grow at an 8% CAGR over the forecast period, reveals the latest Market Research Future (MRFR) report. Software engineering, simply put, is a systematic method to design, develop, operate, and maintain a software system. It is widely used across various specialized engineering applications, which include production engineering, food and agriculture, chemical, computer science, electrical and electronics, mechanical, civil, and others.
Software engineering has a wide range of applications, which includes project management, enterprise resource planning, 3D printing, 3D modeling, product design, plant design, automation design, and others. Some of the key benefits of using software engineering, especially CAM/CAD, include reduction of wastage, quality of output, repeatability of output, ease of modification, numerous design ideas, and improved accuracy, among others.
Various factors are pushing the growth of the Software Engineering Market. These factors, in accordance to the Market Research Future (MRFR) report, include huge penetration of BIM (building information modeling), growing demand for penetration testing, and increasing demand for software engineering across various verticals including media and entertainment, telecom, IT, energy, and automotive.
On the contrary, high maintenance and license cost, piracy issues due to high cost, and lack of skilled personnel are factors that may hamper the software engineering market growth over the forecast period.
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Key Players
The major players operating in the market of Software Engineering are – Autodesk, Inc.(U.S.), Bentley Systems, Inc. (U.S.), Dassault Systemes S.A (France)., IBM Corporation (U.S.), Geometric Ltd. (India), Siemens PLM Software, Inc.(U.S.), SAP SE (Germany), Synopsys, Inc. (U.S.), PTC, Inc.(U.S.), Ansys, Inc. (U.S.), and MSC Software Corporation (U.S.), and others
Segments:
Software Engineering Market is segmented into type, application and end user. By Type it is consists of Computer aided designing (CAD), Computer aided engineering (CAM), Computer aided manufacturing (CAE), Architecture, engineering & construction (AEC), and electronic design automation (EDA). Application comprises of Automation design, Plant Design, Product Design, 3D Modelling, Others and End-User includes Aerospace & Defence, Automotive, Banking, Telecommunication, Oil & Gas, Healthcare, and Others.
Market Research Future Analysis:
Currently, Asia pacific is expected to show potential growth. The Asia Pacific is one of the fastest growing regions in the global market due to the emergence of several manufacturing industries in this region. The rising demand for automation solutions in these geographies is expected to grow the market over the forecast period. Software Engineering market is expected to show moderate growth in Europe due to the presence of well-established automotive industry in the region. Further, owing to a high adoption of cloud-based solutions and services is expected to contribute in the growth of the market in the region.
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TABLE OF CONTENTS
1 Executive Summary
2 Market Dynamics
2.1 Market Growth Factors
2.1.1 Increasing Demand For Automation
2.1.2 Massive Penetration Of Building Information Modeling (BIM)
2.2 Restraints
2.2.1 Piracy Issues
2.2.2 Lack Of Skilled Personnel
2.3 Market Opportunities
2.3.1 Rising Demand For 3D Modelling
2.4 Supply Chain Analysis
2.5 Porter’s Five Forces Analysis
3 Global Software Engineering Market, by Software Type
3.1 Introduction
3.2 Sub-Segment
3.2.1 Computer-Aided Designing (CAD)
3.2.2 Computer-Aided Manufacturing (CAM)
3.2.3 Computer-Aided Engineering (CAE)
3.2.4 Architecture, Engineering And Construction (AEC)
3.2.5 Electronic Design Automation (EDA)
Continued…
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Organization: Market Research Future
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Source: MarketersMedia
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