The Global Computer-aided Engineering Market Expected To Post Revenue of
US$3,402.30 Million by 2016 According To the Global CAE Market 2012-2016
Dublin, Oct. 14, 2013 (GLOBE NEWSWIRE) -- Research and Markets
(http://www.researchandmarkets.com/research/qj3llz/global) has announced the
addition of the "Global Computer-aided Engineering Market 2012-2016" report to
The Global CAE market is expected to post a CAGR of 11.18 percent during the
period 2012-2016. The Global CAE market is driven by many growth factors. One
of the major drivers in the market is the increasing need to reduce
time-to-market. There are, however, certain factors that may affect the growth
of the market. One of the major challenges in the market is the increasing
threat of open-source CAE software that could affect the growth of the market
during the forecast period.
Commenting on the report, an analyst from TechNavio's Engineering team said:
''Many large CAE and PLM vendors have started to provide globalized licenses
to the end-users in the Global CAE market. As a result, the end-users can buy
a bundle of CAE software licenses from anywhere in the world and use it across
the world. Additionally, the end-users can utilize the support and services
from the respective country's branch offices. This helps vendors avoid the
price differentiation in each region and be able to offer CAE tools at similar
prices across the globe. Though a few large PLM vendors are adopting this
trend, many CAE vendors are expected to adopt this trend in the future, and
this is expected to create a huge change in the vendors' pricing strategy in
the market during the forecast period.''
According to the report, one of the major drivers in the market is increased
need to reduce the time-to-market. Computer aided engineering helps improve
the time-to-market of a product by reducing the product development cycle time
and the testing time. It improves the speed of the product design cycle and
reduces the product analysis time.
*Elliptic Laboratories AS
*Extreme Reality Ltd.
*EyeSight Tech Ltd.
*GestureTek Technologies Inc.
*Microchip Technology Inc.
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