Top software vendors such as Oracle and SAP have been attempting to penetrate the middle market, to expand their client base and increase overall revenues. These companies have begun offering scaled-down, pre-configured versions of their applications. They are pursuing new distribution channels to sell and distribute their software products and are also acquiring mid-market software companies to increase their market shares and revenues. For example, SAP acquired Business One software to penetrate the middle market.
THE BUSINESS RESEARCH COMPANY VALUED THE ENGINEERING DESIGN SOFTWARE MARKET AT $17 BILLION IN 2017
North America was the largest geographic region in the market, accounting for more than one third of the global market. The USA was the largest country accounting for one third of the global engineering design software market.
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According to The Business Research Company’s Consultant, Nitin Gianchandani, engineering Design Software will now personalize their products through either tailoring/customizing (as in the case of consumer products) or through product configuration. Product configuration can help unlock the power of the design information contained within manufacturers’ CAD models, publishing it in a way that provides their customers with a much richer choice in product selection. Configure, price, quote (CPQ) software comes in handy to accommodate personalization/customization of products, which will prompt some convergence of PLM software and CPQ software.
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Autodesk, Inc. was the biggest player in the engineering design software market with revenues worth $2 billion in 2016.
Engineering design tools are essentially software applications and supporting services that are used for the creation of infrastructure and plant physical assets. All phases of engineering work used for the design, construction, turnover, and initial operations and maintenance for industrial facilities and infrastructure are included.
Global Engineering Design Software Market Report 2018 is a detailed report giving a unique insight into this market. The report is priced at $4000 for an individual user. To use across your office, the price is $6000 and $8000 if you wish to use across a multinational company.
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