Computer-Aided Engineering (CAE) software comprises computer-based analysis tools used for optimizing engineering tasks at every level of a product life cycle.
CAE software is utilized for engineering tasks, such as analysis, design and simulation, planning, diagnosing, validating, and repairing.
Competitive and economic pressures in the manufacturing industries are leading organizations to closely examine the way in which the products are developed. Further, they are required to speed up the design process and introduce new products, with fewer physical prototypes and at lower costs. These factors, coupled with a greater need to meet regulatory requirements, are driving the enterprises to adopt CAE software and services.
Many point product providers and niche players with their products across different verticals have entered the CAE software market to compete with the established CAE software vendors. Further, numerous small and private players are emerging in the market with solutions that are more feasible in terms of cost and resources.
The report by TechNavio Insights forecasts the size of the Global Computer Aided Engineering (CAE) Software market over the period 2009-2014. Further, it discusses the key market trends, drivers and challenges of Global Computer Aided Engineering (CAE) Software market , and profiles some of the key vendors of this market.
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