Engineering Software Market Scope and Key Players Analysis by 2031
Engineering Software Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 39.47 Billion |
Market Size by 2031 | US$ 73.03 Billion |
Global CAGR (2023 - 2031) | 7.9% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Software Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Engineering Software Market News and Recent Developments
The engineering software market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:
- In February 2024, - Global technology company Cognizant is aiming to accelerate business modernization by expanding its array of platform offerings. The company announced the launch of Cognizant Flowsource, a generative AI-enabled platform designed to power the new era of software engineering.
(Source: Cognizant, Press Release, 2024)
- In June 2023, Nullspace, Inc. was launched as a spin-off from IERUS Technologies, an established defense contractor in Huntsville, AL. Nullspace, Inc. focuses on delivering advanced engineering software for electromagnetics applications.
(Source: Nullspace, Press Release, 2023)
Engineering Software Market Report Coverage and Deliverables
The "Engineering Software Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter's Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles