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Research and Markets: The Global Computer-Aided Engineering Market to Grow At A CAGR Of 11.4 Percent over the Period 2011-2015 Finds Latest Study

Research and Markets (http://www.researchandmarkets.com/research/h5zwl9/global_computerai) has announced the addition of the "Global Computer-aided Engineering Market 2011-2015" report to their offering.

TechNavio's analysts forecast the Global Computer-aided Engineering market to grow at a CAGR of 11.4 percent over the period 2011-2015. One of the key factors contributing to this market growth is the need to reduce product development costs. The Global Computer-aided Engineering market has also been witnessing the increasing adoption of special purpose tools. However, increasing popularity of open source could pose a challenge to the growth of this market.

Key vendors dominating this market space include Ansys Inc., MSC Software Corp., Dassault Syst?mes SA, and LMS International.

Commenting on the report, an analyst from TechNavio's Engineering team said; Every industry has unique, customized process functions, which gives rise to the demand for special-purpose Computer-aided Engineering (CAE) software. Another advantage of customized software is that it is priced more economically than general-purpose CAE software. Many vendors have therefore started providing special-purpose CAE software tailored to specific industries' or users' requirements. The provision of special-purpose software is one of the emerging trends in the market and it is expected to enhance the potential of the market in the near future.

According to the report, CAE improves the time-to-market of a product by reducing product development cycle time and product test time. It improves the speed of the product design cycle and reduces the product analysis time by integrating product design software with product analysis tools. CAE helps produce reliable and cost-effective products by reducing analysis time and thus reducing the need for multiple prototypes, which are some of the major factors that hamper the speed of a product development cycle. Thus, the pressure to reduce product development time is one of the major drivers in the Global CAE market.

Further, the report also discusses that the large investment required to implement CAE software is one of the main challenges faced by small and medium-sized enterprises.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.

For more information visit http://www.researchandmarkets.com/research/h5zwl9/global_computerai

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