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 their offering.
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.
Companies Mentioned
- Elliptic Laboratories AS
- Evoluce AG
- Extreme Reality Ltd.
- EyeSight Tech Ltd.
- GestureTek Technologies Inc.
- Microchip Technology Inc.
- PointGrab Ltd.
- PrimeSense Ltd.
- Qualcomm Inc.
- SoftKinetic Inc.
- Zyxio LLC.
For more information visit http://www.researchandmarkets.com/research/qj3llz/global
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