Engineering Software Market Size, Share & Growth Report 2031

Segments - Engineering Software Market by Applications (3D Printing, Enterprise Resource Planning, Plant Layout, Drafting & 3D Modeling, Project Management, Knowledge Management, and Product Design & Testing), Types (Programming Software, Engineering, Computer-aided Design, Manufacturing, Engineering & Construction Software, Architecture, and Electronic Design Automation Software), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Shruti Bhat

Report Description

The global engineering software market size was valued at USD 58.63 Billion in 2022 and is projected to reach USD 153.17 Billion by 2031, expanding at a CAGR of 11.26% during the forecast period, 2023-2031. The growth of the market is attributed to growing demand for automation across several industry verticals, such as entertainment, media, energy, utility, automotive, IT, telecom, geology, and others.

Engineering software is a term that refers to software and package solutions that are commonly used in specialized engineering applications. It is a category of engineering that emphasizes on the development of software products. It incorporates a set of guidelines, best practices, and procedures that have been changing through time, evolving as software and technology evolves.

The impact of COVID-19 pandemic has been positive on the engineering software market. During the pandemic, lockdown imposed by governments across the globe escalated the demand for the software and is expected to remain the same during the forecast period.

Market Trends, Drivers, Restraints, and Opportunities

Rising demand for automation along with integrated software solutions is one of the key factors driving the market growth.
Growing use of cloud-based services, which enables access to the software is expected to boost the market growth in the coming years.
High preservation cost of engineering software related to housing presents a major challenge. This is anticipated to hamper the market growth in the projected period.
Complexities in integrating software and increasing data security concern is projected to hinder the market expansion during the forecast period.
Increasing spending on simulation in healthcare, aerospace, and defense is projected to create significant growth opportunities for the market in the near future.

Scope of the Report

The report on the global engineering software market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Engineering Software Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Applications (3D Printing, Enterprise Resource Planning, Plant Layout, Drafting & 3D Modeling, Project Management, Knowledge Management, and Product Design & Testing) and Types (Programming Software, Engineering, Computer-aided Design, Manufacturing, Engineering & Construction Software, Architecture, and Electronic Design Automation Software)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Ansys Inc.; Autodesk, Inc.; Bentley Systems, Inc.; Dassault Systèmes SE; Geometric Ltd.; Siemens Digital Industries Software; SAP SE; and IBM Corp.

Market Segment Insights

Drafting & 3D modeling segment to grow at a rapid pace

Based on applications, the global engineering software market is divided into 3D printing, enterprise resource planning, plant layout, drafting & 3D modeling, project management, knowledge management, and product design & testing. The drafting & 3D modeling segment is expected to grow at a rapid pace during the forecast period owing to high demand and usage flexibility worldwide.

However, the 3D printing segment is anticipated to hold a key share of the market in the coming years due to vast adoption in several sectors, such as textbook publishing, construction activities, media & entertainment, and mechanical.

Engineering Software Market Applications

Technological advancement to drive electronic design automation software segment

On the basis of types, the market is segregated into programming software, engineering, computer-aided design, manufacturing, engineering & construction software, architecture, and electronic design automation software. The electronic design automation software segment is projected to expand at a considerable CAGR during the forecast period attributed to technological advancement in the sector. Moreover, leading to strong demand for automated systems, such as designing and process analysis software is further expected to drive the segment growth.

North America to constitute a key market share

In terms of regions, the global engineering software market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period owing to the high adoption of cloud-based software and the introduction of innovative applications in the region.

However, the market of Europe is anticipated to expand at a rapid pace during the forecast period attributed to the major penetration of building information technology modeling in upcoming infrastructure and construction projects across the region.

Segments

The global engineering software market has been segmented on the basis of

Applications

3D Printing
Enterprise Resource Planning
Plant Layout
Drafting & 3D Modeling
Project Management
Knowledge Management
Product Design & Testing

Types

Programming Software
Engineering
Computer-aided Design
Manufacturing
Engineering & Construction Software
Architecture
Electronic Design Automation Software

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Ansys Inc.
Autodesk, Inc.
Bentley Systems, Inc.
Dassault Systèmes SE
Geometric Ltd.
Siemens Digital Industries Software
SAP SE
IBM Corp.

Competitive Landscape

Key players competing in the global engineering software market are Ansys Inc.; Autodesk, Inc.; Bentley Systems, Inc.; Dassault Systèmes SE; Geometric Ltd.; Siemens Digital Industries Software; SAP SE; and IBM Corp.

As part of their efforts to expand their client base and acquire a competitive advantage over competitors, manufacturers operating in the market have adopted various strategic initiatives, such as partnerships, collaborations, and mergers & acquisitions. Moreover, companies are focusing on investment in R&D for development and launching of new products to maintain their competitive positions in the market.

Engineering Software Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Engineering Software Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Engineering Software Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Engineering Software Market - Supply Chain
  4.5. Global Engineering Software Market Forecast
     4.5.1. Engineering Software Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Engineering Software Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Engineering Software Market Absolute $ Opportunity
5. Global Engineering Software Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Engineering Software Market Size and Volume Forecast by Types
     5.3.1. Programming Software
     5.3.2. Engineering
     5.3.3. Computer-aided Design
     5.3.4. Manufacturing
     5.3.5. Engineering & Construction Software
     5.3.6. Architecture
     5.3.7. Electronic Design Automation Software
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Engineering Software Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Engineering Software Market Size and Volume Forecast by Applications
     6.3.1. 3D Printing
     6.3.2. Enterprise Resource Planning
     6.3.3. Plant Layout
     6.3.4. Drafting & 3D Modeling
     6.3.5. Project Management
     6.3.6. Knowledge Management
     6.3.7. Product Design & Testing
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Engineering Software Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Engineering Software Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Engineering Software Demand Share Forecast, 2019-2026
8. North America Engineering Software Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Engineering Software Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Engineering Software Market Size and Volume Forecast by Types
     8.4.1. Programming Software
     8.4.2. Engineering
     8.4.3. Computer-aided Design
     8.4.4. Manufacturing
     8.4.5. Engineering & Construction Software
     8.4.6. Architecture
     8.4.7. Electronic Design Automation Software
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Engineering Software Market Size and Volume Forecast by Applications
     8.7.1. 3D Printing
     8.7.2. Enterprise Resource Planning
     8.7.3. Plant Layout
     8.7.4. Drafting & 3D Modeling
     8.7.5. Project Management
     8.7.6. Knowledge Management
     8.7.7. Product Design & Testing
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Engineering Software Demand Share Forecast, 2019-2026
9. Latin America Engineering Software Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Engineering Software Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Engineering Software Market Size and Volume Forecast by Types
     9.4.1. Programming Software
     9.4.2. Engineering
     9.4.3. Computer-aided Design
     9.4.4. Manufacturing
     9.4.5. Engineering & Construction Software
     9.4.6. Architecture
     9.4.7. Electronic Design Automation Software
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Engineering Software Market Size and Volume Forecast by Applications
     9.7.1. 3D Printing
     9.7.2. Enterprise Resource Planning
     9.7.3. Plant Layout
     9.7.4. Drafting & 3D Modeling
     9.7.5. Project Management
     9.7.6. Knowledge Management
     9.7.7. Product Design & Testing
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Engineering Software Demand Share Forecast, 2019-2026
10. Europe Engineering Software Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Engineering Software Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Engineering Software Market Size and Volume Forecast by Types
     10.4.1. Programming Software
     10.4.2. Engineering
     10.4.3. Computer-aided Design
     10.4.4. Manufacturing
     10.4.5. Engineering & Construction Software
     10.4.6. Architecture
     10.4.7. Electronic Design Automation Software
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Engineering Software Market Size and Volume Forecast by Applications
     10.7.1. 3D Printing
     10.7.2. Enterprise Resource Planning
     10.7.3. Plant Layout
     10.7.4. Drafting & 3D Modeling
     10.7.5. Project Management
     10.7.6. Knowledge Management
     10.7.7. Product Design & Testing
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Engineering Software Demand Share Forecast, 2019-2026
11. Asia Pacific Engineering Software Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Engineering Software Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Engineering Software Market Size and Volume Forecast by Types
     11.4.1. Programming Software
     11.4.2. Engineering
     11.4.3. Computer-aided Design
     11.4.4. Manufacturing
     11.4.5. Engineering & Construction Software
     11.4.6. Architecture
     11.4.7. Electronic Design Automation Software
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Engineering Software Market Size and Volume Forecast by Applications
     11.7.1. 3D Printing
     11.7.2. Enterprise Resource Planning
     11.7.3. Plant Layout
     11.7.4. Drafting & 3D Modeling
     11.7.5. Project Management
     11.7.6. Knowledge Management
     11.7.7. Product Design & Testing
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Engineering Software Demand Share Forecast, 2019-2026
12. Middle East & Africa Engineering Software Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Engineering Software Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Engineering Software Market Size and Volume Forecast by Types
     12.4.1. Programming Software
     12.4.2. Engineering
     12.4.3. Computer-aided Design
     12.4.4. Manufacturing
     12.4.5. Engineering & Construction Software
     12.4.6. Architecture
     12.4.7. Electronic Design Automation Software
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Engineering Software Market Size and Volume Forecast by Applications
     12.7.1. 3D Printing
     12.7.2. Enterprise Resource Planning
     12.7.3. Plant Layout
     12.7.4. Drafting & 3D Modeling
     12.7.5. Project Management
     12.7.6. Knowledge Management
     12.7.7. Product Design & Testing
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Engineering Software Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Engineering Software Market: Market Share Analysis
  13.2. Engineering Software Distributors and Customers
  13.3. Engineering Software Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Ansys Inc.
     13.4.2. Autodesk, Inc.
     13.4.3. Bentley Systems, Inc.
     13.4.4. Dassault Systèmes SE
     13.4.5. Geometric Ltd.
     13.4.6. Siemens Digital Industries Software
     13.4.7. SAP SE
     13.4.8. IBM Corp.