DUBLIN — (BUSINESS WIRE) — September 24, 2012 — Research and Markets ( http://www.researchandmarkets.com/research/8z8rf5/computeraided) has announced the addition of the "Computer-aided Engineering Software Market in India 2011-2015" report to their offering.
TechNavio's analysts forecast the CAE Software market in India to grow at a CAGR of 17.13 percent over the period 2011-2015. One of the key factors contributing to this market growth is the increasing adoption of CAE applications across industries. The CAE Software market in India has also been witnessing the increasing adoption of cloud-based CAE software. However, the high initial investment could pose a challenge to the growth of this market.
Commenting on the report, an said, "The increasing integration of Computer-aided Engineering (CAE) and Computer-aided Design (CAD) solutions is one of the major trends in the CAE Software market in India. Organizations which use CAE and CAD solutions as standalone applications often face compatibility issues. Thus, many organizations are now increasingly adopting CAE and CAD as an integrated application rather than standalone applications. Integration of CAE and CAD solutions provides an easy way to edit the design at any stage of the project through a collaborative product development cycle. This integration increases the compatibility of CAD and CAE solutions as it provides a single platform for design."
According to the report, the largest end-user of CAE applications in India is the Automotive industry and it is followed by the Aerospace and Defense industry. In addition to these two large end-users, CAE applications are being implemented in India across various other industry verticals such as Consumer Durables, Medical Devices, Consumer Electronics, and Heavy Engineering. The increasing adoption of CAE applications in these verticals provides many opportunities for CAE vendors to tap these new verticals and to increase their revenue in the CAE Software market in India.
This report has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report focuses only on India. It also covers the CAE Software market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors dominating this market space include Ansys Inc., CD-adapco Ltd., Dassault Systemes SA, and MSC Software Corp.
Other vendors mentioned in the report: Altair Engineering Inc., ESI Group, Vero Software plc, Siemens PLM Software Inc., Mentor Graphics Corp., Exa Corp., Computational Engineering International Inc., Numeca International NV, Flow Science Inc., AspenTech Ltd., NEi Software Inc., and LMS International.
Key questions answered in this report:
- What will the market size be in 2015 and at what rate will it grow?
- What key trends is this market subject to?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the opportunities and threats faced by each of these key vendors?
- What are the strengths and weaknesses of each of these key vendors
You can request one free hour of analyst time when you purchase this report. Details provided within the report.
For more information visit http://www.researchandmarkets.com/research/8z8rf5/computeraided