The Engineering Software Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Engineering Software Market?
The market size of the Engineering Software Global Market Report 2025 has experienced swift expansion recently. It is projected to increase from $55.63 billion in 2024 to $64.97 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 16.8%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Engineering Software Industry?
The market size of the engineering software is anticipated to reach $119.52 billion in 2029, increasing at a compound annual growth rate (CAGR) of 16.5%.
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What are the Key Growth Drivers Fueling the Engineering Software Market?
The key drivers in the engineering software market are:
• Emphasis on additive manufacturing
• Increased focus on cybersecurity
• Rising demand for cloud-based solutions
• Expansion of digital twins across various industries
Global Market Segmentation: Identifying Major Engineering Software Industry Segments
The engineering software market covered in this report is segmented –
1) By Component: Software, Services
2) By Deployment: Cloud, On-Premises
3) By Application: 3D Printing, Enterprise Resource Planning, Plant Layout, Drafting And 3D Modeling, Project Management, Knowledge Management, Product Design And Testing
4) By End-Use: Automotive, Aerospace And Defense, Electronics, Medical Devices, Architecture, Engineering, And Construction (AEC), Other End-Uses
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What are the Emerging Trends Shaping the Future of the Engineering Software Market?
The key trends in the engineering software market are:
• The shift towards cloud-based solutions is a major emerging trend.
• The integration of Industry 4.0 and IoT technologies is shaping the future of the market.
• A movement towards additive manufacturing is becoming increasingly significant.
• There is a growing emphasis on open-source software and improved user experience design.
Who Are the Top Competitors & Leading Players in the Engineering Software Market?
Major companies in the engineering software market are:
• Siemens Ltd.
• International Business Machines Corporation
• General Electric Company
• Oracle Corporation
• Schneider Electric SE
• Honeywell International Inc.
• SAP SE
• ABB Ltd.
• Emerson Electric Co.
• HCL Technologies
• Rockwell Automation Inc.
• Dassault Systèmes
• Hexagon AB
• Keysight Technologies
• Synopsys Inc.
• Autodesk Inc.
• Ansys Inc.
• PTC Inc.
• National Instruments Corporation
• Aveva Group Plc.
• MathWorks Inc.
• Bentley Systems Inc.
• Altair Engineering Inc.
• Altium Limited
• Aras Corp
• ComplianceQuest
Regional Dominance: Which Area Leads the Global Engineering Software Market?
North America was the largest region in the engineering software market in 2024
