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Exploring the Computer Aided Engineering Market with Growth Perspectives - Tech Monarchy

Exploring the Computer Aided Engineering Market with Growth Perspectives

Computer Aided Engineering Market

Global Computer Aided Engineering Market Overview:

According to MarkNtel Advisors study the Global Computer Aided Engineering Market is likely to grow at around 9.1% CAGR during the forecast period, i.e., 2023-28. The growth of the market is projected to be driven mainly by the ever-increased outsourcing of manufacturing processes to developing economies, the growing deployment of integrated software solutions by companies to eliminate the need for multiple prototypes & product recall concerns, and the mounting use of CFD tools to analyze temperature in battery modules and extend its life & performance.

Key Findings of the Study: Computer Aided Engineering market

Key Opportunity: Shift from On-Premise to Cloud Deployment Models

Cloud-based CAE helps reduce costs related to hardware acquisition, software licensing, installation, & support and allows for quick distribution, minimal maintenance costs, and enhanced scalability. When offered as SaaS (Software-as-a-Service), it can also provide application-specific solutions to users. Due to these capabilities, cloud-based CAE is witnessing high demand worldwide, wherein several companies are even deploying HCI (Hyper-Converged Infrastructure) platforms to develop a private cloud for attaining advanced computation & storage services. Hence, these aspects indicate a lucrative future for the Global Computer Aided Engineering Market during 2023-28.

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Scope of the Computer Aided Engineering Market Report Segmentation

-By Type

  • Finite Element Analysis
  • Computational Fluid Dynamics
  • Thermal Analysis
  • Multibody Dynamics
  • Others (Mechanical Event Simulation, etc.)

-By Deployment Model

  • On-Premise
  • Cloud

-By End User

  • Automotive
  • Medical Devices
  • Industrial Equipment
  • Defense & Aerospace
  • Electronics
  • Others (Energy, Consumer Goods, etc.)

For more detailed information about the Computer Aided Engineering market report, click here – https://www.marknteladvisors.com/research-library/computer-aided-engineering-market.html

Geographical analysis:

-By Region

  • North America
  • South America
  • Europe
  • Middle East & Africa
  • Asia-Pacific

Of all regions globally, Europe dominates the Computer Aided Engineering Market with the largest share. It owes to the rising number of virtual vehicle & connected care developers and the ever-increasing automation in the manufacturing sector across the region. In addition, massive investments by automakers in deploying reliable engineering tools in order to optimize production costs, attain shorter prototyping cycles, reduce the chances of product defects, and enhance the overall consumer experience are further projected to bode well for the Europe Computer Aided Engineering Market during 2023-28.

Recent Developments in the Global Computer Aided Engineering Market

  • In June 2022, Ansys joined forces with SoftInWay to create streamlined turbomachinery workflows from the design phase through 3D simulation. This partnership will enable seamless integration of Ansys’ simulation software into SoftInWay’s unique design platform.
  • In July 2021, Dassault Systèmes launched DELMIAworks in India, an advanced manufacturing ERP & MES solution, which allows manufacturers to effectively monitor & manage manufacturing workflows & supply chains and attain enhanced operational efficiency & transparency.

Current Landscape of Computer Aided Engineering Market

The report delineates key market participants and thoroughly assesses their strategic approaches, trends, innovations, and manufacturing infrastructure, enabling a forecast of their market impact over the next five years. The meticulously researched data presented holds the potential to distinguish even nascent market entrants in the long term. Armed with pertinent data and actionable insights, our research report delivers a comprehensive overview of the market, empowering investors and stakeholders to establish a robust presence in the Computer Aided Engineering market. The research report profiles major players, including

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  • Altair Engineering Inc.
  • ANSYS, Inc.
  • Autodesk Inc.
  • Aveva Group
  • Bentley Systems, Inc.
  • Dassault Systemes
  • ESI Group
  • Hexagon AB
  • Siemens AG
  • SimScale GmbH
  • Cambrio
  • Waterloo Hydrogeologic
  • The MathWorks, Inc.
  • Aspen Technology Inc
  • Cadence Design Systems, Inc

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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.

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