Technavio’s analysts forecast the Global Finite Element Analysis (FEA) Software market to grow at a CAGR of 16.6 percent over the period 2010–2014. One of the key factors contributing to this market growth is the faster time-to-market requirement for products . The Global FEA Software market has also been witnessing the integration of FEA with enterprise applications. However, increasing competition from open source vendors could pose a challenge to the growth of this market.
Key vendors dominating this market include Dassault Systèmes, MSC Software Corp., ANSYS Inc., and LMS International.
Technavio’s Global Finite Element Analysis Software Market 2010–2014 report has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report covers the Global FEA Software market landscape and it prospects for growth in the Americas, the EMEA region, and the APAC region. The report also includes a discussion on the key vendors providing FEA software in this market.
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?
Report HighlightsFinite Element Analysis Software Leading to Improved Organizational Productivity
A recently released report by Technavio, specialists in emerging technologies market research, reveals that the Global Finite Element Analysis (FEA) Software market is expected to grow at a CAGR of 16.6 percent.
The report, which covers the Americas as well as the EMEA and APAC regions, indicates that the market is being driven by improvements in organizational productivity that can be achieved by adopting this software.
According to Technavio’s industry analyst, “FEA software has been helping companies to create reliable and efficient products by providing accurate analysis of product designs. FEA software can also be integrated with other simulation software, which is leading to product design optimization. Through the use of FEA solutions, engineers can analyze a product design without delays and minimize the likelihood of failure in the product development cycle.”
The report also highlights that the existence of counterfeit products is hindering the growth of this market. However, the increasing need to reduce the time to market is expected to keep driving this market. There is also a trend in this market of integrating FEA software and enterprise applications .
These are just some of the important findings presented in the report that will enable companies to fully understand the potential in this market and formulate their own strategies.
Technavio’s report, Global Finite Element Analysis Software Market 2010–2014, is based on extensive research conducted with industry experts, vendors, and end-users. It examines the key trends, drivers, and challenges impacting the evolution of this market. The report also contains incisive insights and SWOT analyses regarding the key vendors in this market, including Dassault Systèmes, MSC Software Corp., ANSYS Inc., LMS International, and Altair Engineering Inc.
For further information and to obtain your copy of this report, please visit www.technavio.com
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