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The growing use of CAD and CAE software across a range of industries, including the automotive, aerospace, construction, and healthcare sectors, is responsible for the market expansion. Software for engineering comprises, among other things, computer-aided design (CAD), computer-aided manufacturing (CAM), and computer-aided engineering (CAE).
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MARKET SIZE The engineering software market size is projected to reach US$ 73.03 billion by 2031 from US$ 39.47 billion in 2023. The market is expected to register a CAGR of 7.9% in 2023—2031.
MARKET SEGMENTATION • By Software Type • By Application
KEY PLAYERS • PTC • Rockwell Automation, Inc • SAP SE • Siemens • Synopsys, Inc. • Autodesk Inc. • AVEVA • Dassault Systèmes • Vectorworks, Inc. • Hexagon AB