Engineering Design Software Global Market Report 2018

Engineering Design Software Global Market Report 2018
Starting Price : $ 4000.00 | Pages : 125 | Published : February 2018

SKU CODE : 3130 | Format :

Engineering design tools are essentially software applications and supporting services that are used for the creation of infrastructure and plant physical assets. All phases of engineering work used for the design, construction, turnover, and initial operations and maintenance for industrial facilities and infrastructure are included.

The global engineering design software market was valued at $16.2 billion in 2017.  North America was the largest geographic region accounting for $6.7 billion or 41.8% of the global market. And the USA was the largest country accounting for $5.6 billion or 34.6% of the global engineering design software market.

Top software vendors such as Oracle and SAP have been attempting to penetrate the middle market, to expand their client base and increase overall revenues. These companies have begun offering scaled-down, pre-configured versions of their applications. They are pursuing new distribution channels to sell and distribute their software products and are also acquiring mid-market software companies to increase their market shares and revenues. For example, SAP acquired Business One software to penetrate the middle market.

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