Technology News & Trends

  Engineering Software Market: Introduction Transparency Market Research delivers key insights on the global  engineering software market . In terms of revenue, the global engineering software market is estimated to expand at a CAGR of ~ 13%  during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global engineering software market. The need to automate the product development process has increased across the globe with the growing digitization within manufacturing industries. The increasing focus on Industry 4.0, which is driving digitization within the manufacturing sector, is one of the major drivers of the market. Automation within the product development process has led to the need to optimize the whole process. The demand for engineering software has also increased significantly across industries to cater to the opportunity within the product development automation. Engineering software al...

The global engineering software market depicts the presence of a highly aggressive and fragmented vendor landscape, mainly due to the existence of innumerable players, says Transparency Market Research on the basis of a recently published report. A humungous rivalry mainly exists at an international level. However, several local players are fast gaining ground in this market, thereby giving a tough time to the international businesses, in terms of marketing their products and services. With the number of players expected to increase during the next few years, the global engineering software market is prophesized to depict a rapidly charged-up competitive landscape. Most businesses in the global engineering software market are focusing on expanding product portfolios, coupled with providing technologically advanced offers. Achieving cost regulation, improving geographical reach, and bringing forth innovative concepts are a few other domains where companies are attempting to gain ...