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Global Demand for Computer Aided Engineering Will Grow 2.4X by 2029 | Fact.MR Analysis

Posted on March 9, 2023March 9, 2023 by admin

The global demand for computer aided engineering market will grow 2.4X during the forecast period (2019-2029). Stiff competition across industries warrant the use of technology to ensure sufficient testing of product prototypes before beginning full scale production.

The lack of brand loyalty among millennial consumers motivates organizations to employ computer aided engineering services to design unique, attractive, and engaging products.

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Innovative Business Models Win Sustainable Deals

Market players are innovating new business models by leveraging cloud computing, artificial intelligence, and machine learning. Prevailing pay-as-you-go pricing trends garner increased customer traction.

The flexibility of this pricing model acts as a growth factor for computer aided engineering services.

Competitive strategies include product innovation, performance enhancements, and global footprint expansion through strategic partnerships.

Automotive applications of computer aided engineering are a top priority for market players considering the global surge in automotive production and subsequent new product development initiatives.

Key Companies Profiled:

  • ANSYS Inc.
  • ESI Group
  • Siemens AG
  • Hexagon AB
  • Exa Corporation
  • Bentley Systems Inc.
  • Dassault Systems
  • Autodesk Inc.
  • Altair Engineering
  • 3D Systems Corp
  • Aveva Group.

For More Insights of Fact.MR Trending Report

Key Segments

  • By Type :
    • Finite Element Analysis (FEA)
    • Computational Fluid Dynamics (CFD)
    • Multibody Dynamics
    • Optimization & Simulation
  • By Deployment :
    • On-premise
    • Cloud-based
  • By End Use :
    • Automotive
    • Defense & Aerospace
    • Electronics
    • Medical Devices
    • Industrial Equipment
    • Others
  • By Region :
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

Questionnaire answered in the report include:

  • How the industry has grown?
  • What is the present and future outlook on the basis of region?
  • What are the challenges and opportunities?
  • Why the consumption in region?
  • In which year segment is expected to overtake segment?

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