Today: February 11, 2016, 11:48 am
  
Finance

North America finite element analysis market: 9% CAGR growth forecast between 2012-16

companiesandmarkets.com
companiesandmarkets.com
Finite Element Analysis Market in North America 2012-2016 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-03-26 08:43:01
The North America Finite Element Analysis market is to grow at a CAGR of 8.50 percent over the period 2012-2016. One of the key factors contributing to this market growth is the need to reduce overall time-to-market. The Finite Element Analysis market in North America has also been witnessing the emergence of cloud-based FEA software. However, the easy availability of open source FEA software could pose a challenge to the growth of this market.

The emergence of cloud-based FEA software is one of the emerging trends in theFEA Software market in North America. Cloud-based FEA software provides high storage, scalability, and flexibility to end-users. Cloud-based FEAis offered on a pay-per-use model, and hence can easily be made available to cost-sensitive end-users. Moreover it provides flexibility to the end-user to access the FEA software from anywhere at any time. Hence, severalFEA vendors in North America are developing the cloud-based FEA model to meet the requirements of end-users.

The need to reduce overall time-to-market is one of the major drivers in the FEA market in North America. The effective deployment of FEA software enables organizations to reduce lead time by reducing the number of tests and prototypes.

Easy availability of open source FEA software is one of the major challenges in the FEA market in North America. Manyorganizations in North America opt for opensource FEA software as it provides various benefits in terms of affordability and easy availability compared to commercial FEA software.

The key vendors dominating this market space are Ansys Inc., Dassault Systemes S.A., LMS International NV, and MSC Software Corp.

Other vendors are Altair Engineering Inc., Aspen Tech Inc., Engineering Systems Inc., and Nei Software Inc.

Click for report details: www.companiesandmarkets.com/Market/Industrial/Market-Research/Fi ..

Browse all Industrial Market Research Reports www.companiesandmarkets.com/Market/Industrial/Market-Research?aC ..

Browse all Industrial Company Profile Reports www.companiesandmarkets.com/Market/Industrial/Company-Profile?aC ..

Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..

About Us
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.com’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.


Press Information


Published by
Mike King
London: +44 (0) 203 086 8600
e-mail
www.companiesandmarkets.com



# 482 Words
Related Articles
 
More From Finance
Arizona Real Estate Stats 2015
COMMENTARY by Tom Ruff of The Information Market Permission is granted only to ARMLS® Subscribers for reproduction with attribution [..]
Investing.co.uk Announces New Trader Counsel Services
LONDON - Jan. 25, 2016 - British financial news source Investing.co.uk has announced that it will now be offering the [..]
Credit-Yogi.com Offers Free Advice For Getting Completely [..]
Everyone has some degree of debt to deal with. Some folks have a lot of it, and they need to [..]
Offshore Processing slashes credit card processing costs [..]
High risk and high volume merchants engaged in unconventional trades, such as Adult Content, Adult Goods, Online Casinos, Online [..]
Real-Estate-Yogi Offers Free Advice to Returning Veterans [..]
Veterans of the United States are returning from active duty and need places to live. It is up to lenders [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.