GLOBAL ENGINEERING SOFTWARE MARKET 2008-2012

Global Engineering Software Market 2008-2012

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Engineering software automates all the business processes and data management activities; from specific concept planning and designing to execution (manufacturing, construction, or others). It includes CAD (Computer Aided Design), CAM (Computer Aided Manufacturing), CAE (Computer Aided Engineering), PDM (Product Data management), and other engineering applications, which include EDA (electronic design automation) and AEC (architecture/engineering/construction).

Engineering software offers products and solutions for the architectural, engineering and construction, manufacturing, geospatial mapping, digital media and the entertainment market. It enables customers to experience their ideas, digitally; and visualize & simulate real-world performance early in the design process through digital prototyping. This capability offers the designers and engineers the flexibility to optimize and improve their designs, before they actually begin the manufacturing process. This helps them save time and money, improve quality, and foster innovation for a competitive advantage.

Over the previous decade, the engineering software market has seen a consistent year-on-year growth; and despite the recession, investments in engineering software continued during the early 2008. However, towards the end of 2008, there was a slight slowdown in the investments in engineering software as recession continued to affect the manufacturing industry. The engineering software market is expected to grow during the first half of 2010.

The report by TechNavio Insights forecasts the size of the Global Engineering Software Market over the period 2008-2012. Further, it discusses the key market trends, drivers and inhibitors, and profiles some of the key vendors of this market.

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Additional information on Global Engineering Software Market 2008-2012 :
- Then the World Wide Web and the popularization of the Internet hit in the mid 90s , ... Cost reduction has been a primary focus of the IT industry since the 1990s. ... and 11 percent of programmers worked more than 50 hours a week in 2008. ... In 2012, software engineering was again ranked as the best job in the United ...
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- According to market researcher DataMonitor, the size of the worldwide software industry in 2008 was US$303.8 billion, an increase of 6.5% compared to 2007.
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China Engineering Software Market 2008-2012 3 years 42 weeks ago: Engineering software automates all the business processes and data management activities; from conceptualization, planning, designing to execution (manufacturing, construction, or others). It includes CAD (Computer Aided Design), CAM (Computer Aided Manufacturing), CAE (Computer Aided Engineering), PIM (Product Information Management), and other engineering applications, which include EDA (Electronic Design Automation) and AEC (Architecture/Engineering/Construction).
Computer Aided Design (CAD) Software Market in China 2008-2012 3 years 42 weeks ago: Computer-aided design (CAD) is the use of a wide range of computer-based tools that assist engineers, architects and other design professionals in their designing activities. It enables easy modeling, creation, and viewing of 3D objects or floor plans from different angles on a computer or a display device.
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