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 2021 – 2028
The global engineering software market size is anticipated to register a considerable CAGR during the forecast period, 2021-2028. 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 | 2020 |
| Historic Data | 2018–2019 |
| Forecast Period | 2021–2028 |
| 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.
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.
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 (000’ 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.
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.
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.
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