C&M: EMEA market for computer-aided engineering driven by need to reduce the time-to-market
CAE Market in EMEA Region 2014-2018 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-20 14:27:01
The CAE market in the EMEA region is to grow at a CAGR of 10.28 percent over the period 2014-2018. One of the key factors contributing to this market growth is the need to reduce the time-to-market. The CAE market in the EMEA region has also been witnessing the development of integrated CAE software. However, the increased threat from open-source CAE software could pose a challenge to the growth of this market.
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.
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