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Global Engineering Software Opportunities 2025, Forecast To 2034

24 Mar, 2025

What Is The Current and Historic Market Size Analysis Of The Engineering Software Market?

The engineering software market has seen considerable growth due to a variety of factors.
• The size of the engineering software market has seen substantial expansion in recent years. The projected growth will see a leap from $55.63 billion in 2024 to $64.97 billion in 2025, showcasing a compound annual growth rate (CAGR) of 16.8%.
The historical period's growth is driven by factors such as the increasing intricacy of product designs, the globalization of the engineering workforce, regulatory compliance requisites, cost and time efficiencies, coupled with a rising acceptance of simulation tools.

What Is The Forecast For The Engineering Software Market Size?

The engineering software market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for engineering software shows promising potential for swift expansion in the coming years. The projection is that it will increase to $119.52 billion by 2029, growing at a compound annual growth rate (CAGR) of 16.5%.
Factors contributing to the expected growth during this period include the growing importance of additive manufacturing, a heightened focus on cybersecurity, the increasing demand for cloud-based services, and the widespread use of digital twins across various sectors. The forecast period also highlights major trends such as cloud-based solutions, integration of Industry 4.0 and Internet of Things (IoT), additive manufacturing, open-source software, and user experience (UX) design.

What Are The Essential Drivers Behind The Growth Of The Engineering Software Market?

The surge in manufacturing automation is predicted to drive future growth in the engineering software market. Manufacture automation involves deploying machinery and technology to carry out tasks or processes with little to no human involvement. Factors such as an aging workforce, skills deficits, labor scarcity, customization demands, and advantages in quality control are contributing to an increase in automation within the manufacturing sector. By providing necessary tools and capabilities for designing, simulating, analyzing, controlling, and optimizing automated processes, engineering software bolsters automation in the manufacturing industry. For instance, in May 2023, the International Federation of Robotics, a non-profit organization located in Germany, reported a 12% overall rise in industrial robot installations in manufacturing to 41,624 units in 2022. The automotive industry — majorly comprising businesses from the US, Canada, and Mexico — led the charge with 20,391 installed units, marking a 30% increase from 2021. Thus, the escalating automation in manufacturing is fueling the expansion of the engineering software market.

How Is The Global Engineering Software Market Divided Into Key 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 Subsegments:
1) By Software: Computer-Aided Design (Cad) Software, Computer-Aided Engineering (Cae) Software, Product Lifecycle Management (Plm) Software, Finite Element Analysis (Fea) Software, Simulation Software, Computer-Aided Manufacturing (Cam) Software, 3D Modeling And Visualization Software, Building Information Modeling (Bim) Software, Geographic Information Systems (Gis) Software, Embedded Systems Design Software
2) By Services: Consulting Services, Software Implementation Services, Customization And Integration Services, Training And Support Services, Managed Services, Maintenance And Upgrade Services, Cloud-Based Engineering Services, System Integration Services, Simulation And Testing Services, Data Analytics And Optimization Services

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How Are Emerging Trends Reshaping The Dynamics Of The Engineering Software Market?

Leading firms in the engineering software market are concentrating on creating cutting-edge solutions like digital engineering alternatives in order to provide a holistic solution for contemporary manufacturing and to build a competitive advantage in the market. Digital engineering solutions encompasses a variety of technology-based tactics and methodologies employed in the creation, development, and upkeep of engineering goods and systems. For instance, CAPTURE 3D, a software company from the United States specializing in 3D metrology solutions, unveiled the ZEISS INSPECT, a 3D metrology software built to solve current manufacturing and engineering issues, in November 2023. It is constructed to analyze 3D, CT, or motion data and it supports the entire inspection process, from scanning to analysis and reporting. ZEISS INSPECT gives users the ability to handle optical 3D data, volumetric data, and airfoils, irrespective of the metrology technique used for data acquisition. This serves to simplify processes, boost productivity, and tackle the difficulties connected with measurement technology. It also includes the Autosurfacing app, which automatically transforms scan data into high-accuracy CAD models.

Who Are the Key Players In The Engineering Software Market?

Major companies operating 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

What Are The Regional Insights Into The Engineering Software Market?

North America was the largest region in the engineering software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the engineering software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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