The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Computer Aided Engineering Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Computer Aided Engineering Industry (2023-2028):
According to the latest report, TheComputer Aided Engineering Market is likely to grow at around 9.1% CAGR during the forecast period, i.e., 2023-28. The report demonstrates the prominent factors propelling the exponential growth of the Computer Aided Engineering industry.
Key Takeaways: Beneficial for Stakeholders and Clients:
- Historical Data: 2019-22
- Base Year: 2023
- Forecast Period: 2023-28
- CAGR (2023-2028): 9.1%
What are the major Driver the Computer Aided Engineering industry?
Shift from On-Premise to Cloud Deployment Models: Cloud-based CAE helps reduce costs related to hardware acquisition, software licensing, installation, & support and allows for quick distribution, minimal maintenance costs, and enhanced scalability. When offered as SaaS (Software-as-a-Service), it can also provide application-specific solutions to users. Due to these capabilities, cloud-based CAE is witnessing high demand worldwide, wherein several companies are even deploying HCI (Hyper-Converged Infrastructure) platforms to develop a private cloud for attaining advanced computation & storage services. Hence, these aspects indicate a lucrative future for the Global Computer Aided Engineering Market during 2023-28.
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Computer Aided Engineering Market Segmentation
The Computer Aided Engineering Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Type
- Finite Element Analysis
- Computational Fluid Dynamics
- Thermal Analysis
- Multibody Dynamics
- Others (Mechanical Event Simulation, etc.)
- By Deployment Model
- On-Premise
- Cloud
- By End User
- Automotive
- Medical Devices
- Industrial Equipment
- Defense & Aerospace
- Electronics
- Others (Energy, Consumer Goods, etc.)
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
As per the regional aspect, the Computer Aided Engineering Market is expected to be dominated by North America by capturing the potential market share.
Explore further details about this research report – https://www.marknteladvisors.com/research-library/computer-aided-engineering-market.html
Top Companies in the Computer Aided Engineering Market
Altair Engineering Inc. ANSYS, Inc., Autodesk Inc., Aveva Group, Bentley Systems, Inc., Dassault Systemes, ESI Group, Hexagon AB, Siemens AG, SimScale GmbH, Cambrio, Waterloo Hydrogeologic, The MathWorks, Inc., Aspen Technology Inc, and Cadence Design Systems, Inc
Others Reports:
Global Computer Aided Engineering Industry Recent Developments
In June 2022, Ansys joined forces with SoftInWay to create streamlined turbomachinery workflows from the design phase through 3D simulation. This partnership will enable seamless integration of Ansys’ simulation software into SoftInWay’s unique design platform.
In July 2021, Dassault Systèmes launched DELMIAworks in India, an advanced manufacturing ERP & MES solution, which allows manufacturers to effectively monitor & manage manufacturing workflows & supply chains and attain enhanced operational efficiency & transparency.
The same year, Siemens announced the launch of Simcenter Femap with an aim to streamline & improve the FEA process, enhance FEA efficiency, and allow users to edit & re-use mesh-centric FEA models of complex products & systems.
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