Global Software Engineering Market - Overview
The 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.
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 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.
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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. CAM software makes use of models and assemblies created in
CAM software to generate tool paths for driving machines that turn the designs
into physical parts. CAD software is typically used for solid modelling,
surface modelling, assembly, drafting, detailing and reverse engineering.
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. To maintain their market position
and to drive the market growth, various dynamic and diversified international
organizations, domestic organizations and as well as new entrants form a
competitive landscape. 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&D and, most of all, in strategic partnerships. The companies
like Siemens, Solido and others are focusing towards strategic partnerships.
Autodesk, Inc. a prominent player in software engineering market has designed a
software named Autodesk which is widely used in numerous industry verticals.
They have a major focus towards research and development, therefore the updated
versions of engineering software are launched periodically.
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.),MSC
Software Corporation (U.S.) and Carlson Software Inc. (U.S.) are some of the
prominent players profiled in MRFR Analysis and are at the forefront of
competition in the Global Software Engineering Market.
Software Engineering Global Market - Segmentation:
The Software Engineering
Market 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 Others
Segmentation by End-user:
Comprises Aerospace & Defense, Automotive, Banking, IT &
Telecommunication, Oil & Gas, Healthcare and others
Segmentation by Regions:
Comprises Geographical regions - North America, Europe, Asia Pacific and Rest
of the World.
Software Engineering Global Market - Regional 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. Moreover, countries like China, Japan, South Korea and
India are increasing investing in cloud solutions. Followed by Europe shows a
significant growth in the software engineering market owing to the high
adoption of cloud based solutions and
services and high demand from the
well-established automotive sector. North America shows considerable growth in
the software engineering market owing to the countries like U.S. and
Canada. The North America market for
Software Engineering Market is expected to grow at a considerable CAGR
(2016-2022).
Industry News
Nov 2017 -. Infosys has
announced a partnership with Hewlett Packard Enterprise (HPE) to offer a joint
end-to-end mainframe modernization solution that would provide global
enterprise customers robust hardware and advanced software architecture.
Nov 2017 -. Siemens entered
into an agreement to acquire Saskatoon, Canada-based Solido Design Automation
Inc., a leading provider of variation-aware design and characterization
software to semiconductor companies worldwide. Solido’s machine learning-based
products are currently used in production at over 40 major companies, enabling
them to design, verify, and manufacture more competitive products than ever
before.
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