|By Business Wire||
|April 7, 2014 07:19 AM EDT||
Research and Markets (http://www.researchandmarkets.com/research/kdr75z/cae_market_in) has announced the addition of the "CAE Market in EMEA Region 2014-2018" report to their offering.
The CAE market in the EMEA region to grow at a CAGR of 10.28 percent over the period 2014-2018.
The need to reduce time-to-market is one of the major drivers in the market in the region. Organizations need shorter product development cycles to compete in a competitive business environment. CAE helps improve the time-to-market of a product by reducing the product development cycle time and testing time.
Commenting on the report, an analyst from the team said: Some of the large CAE vendors in the market have recently started providing CAE software integrated with several other PLM tools to improve both the efficiency and effectiveness of the product development cycle. Many customers prefer this integrated software as it reduces the product development cycle time, and simultaneously increases its efficiency. For instance, some CAE vendors offer tools that can be integrated with a variety of analysis and design software such as CAD. Thus, customers have realized the benefits of having an integrated product development cycle, which is leading to a demand for integrated CAE software in the market.
Further, the report states that one of the major challenges in the market is the increased threat from open-source CAE software. Many commercial users are adopting open-source CAE tools rather than investing a large amount of money in commercial licenses. Additionally, market customers are facing a challenge in terms of the lack of knowledge and expertise in CAE software. Therefore, vendors are forced to provide continuous support and services to end-users.
The key vendors dominating this market space are:
- Ansys Inc
- CD-adapco Group
- Dassault Systèmes SA
- MSC Software Corp.
Key questions answered in this report:
- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
For more information visit http://www.researchandmarkets.com/research/kdr75z/cae_market_in