DUBLIN — (BUSINESS WIRE) — September 21, 2012 — Research and Markets ( http://www.researchandmarkets.com/research/zsph2q/computeraided) has announced the addition of the "Computer-aided Engineering Software Market in China 2011-2015" report to their offering.
TechNavio's analysts forecast the CAE Software market in China to grow at a CAGR of 17.7 percent over the period 2011-2015. One of the key factors contributing to this market growth is the increase in outsourcing of manufacturing processes to China. The CAE Software market in China has also been witnessing the increasing adoption of cloud-based CAE software. However, the easy availability of open-source software could pose a challenge to the growth of this market.
Commenting on the report an analyst said, "Vendors are offering cloud-based Computer-aided Engineering (CAE) software with high-performance computing features that are more advanced than desktop CAE software. Cloud-based high-performance computing features allow users to use more computing resources in a much more controlled environment than before. Moreover, the usage of high-performance computing capabilities is expected to reduce the security threats in the cloud. Thus, this is one of the important trends in the CAE Software market in China."
According to the report, the surge in the manufacturing activities being outsourced to China is one of the major drivers in the CAE Software market in China. The main reasons for the increasing outsourcing of manufacturing activities to China are the easy availability of low-cost labor and the Government's policies. China is the most favored destination among several countries when it comes to the outsourcing of manufacturing activities. For instance, many automobile manufacturers have set up their production plants in China to optimize their production processes.
Further, the report also discusses that the easy availability of open-source software is one of the major challenges in the CAE Software market in China.
Key Vendors Dominating This Market Space Include:
Ansys Inc., Dassault Systemes SA, MSC Software Corp., and Siemens PLM Software Inc.
Other Vendors Mentioned in the Report:
Altair Engineering Inc., ESI Group, Vero Software plc, CAXA Technology Co., Ltd., and LMS International.
Key Questions Answered in This Report:
- What will the market size be in 2014 and at what rate will it grow?
- What key trends is this market subject to?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the opportunities and threats faced by each of these key vendors?
- What are the strengths and weaknesses of each of these key vendors?
You can request one free hour of analyst time when you purchase this report. Details provided within the report.
For more information visit http://www.researchandmarkets.com/research/zsph2q/computeraided
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Sector:
Software