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.
Competitive Analysis:
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.
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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 -
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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