San Francisco, April 28, 2016 (GLOBE NEWSWIRE) -- Rising need for collaborative product development is estimated to affect the CAE market in EMEA region positively. Several tasks like validation, simulation, manufacturing and analysis of engineering products is being supported by CAE software. In addition, availability of universal licenses will drive the market growth over the forecast period.
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Expanding penetration of tablets and smart phones is anticipated to propel industry growth over the fore cast period. Several industry participants are projected to make momentous investments in R&D to maintain competitive edge. Furthermore, cloud based CAE solution will boost the CAE market in EMEA region demand over the coming years. Increased investments are needed for premium license small and medium enterprises prefer open source CAE tools.
High accessibility of opens source solution will make firms to avoid making vital investments for commercial license of CAE solution. Although, due to lack of skilled labor and technical proficiency, the industry growth is likely to undergo market hindrance .The operating cost may be improved owing to the high competitive pressure.
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Based on products, the worldwide CAE market is segmented into Computational Fluid Dynamics and Finite Element Analysis. Computational fluid dynamics analyses interaction of liquid and gases, distribution, flow pressure and turbulence with several structure. Additionally, the industry is categorized based on end –use such as machinery, aerospace, electronics, defense and electrical. Also, CAE tools have assisted firms to expand safer product while avoiding of emerging prototype.
On the basis of geography, Asia Pacific is likely to experience significant growth due to emergence of huge number of manufacturing industries in the region. Also, rising adoption of CAE tools will influence the region over the forecast period. Europe and Middle East Africa are expected to go through rapid growth owing to rising demand for CAE in the region.
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Table of Contents
01. Executive Summary
- Scope of the Report
02.1 Market Overview
02.2 Product Offerings
- Market Research Methodology
03.1 Market Research Process
03.2 Research Design
03.3 Research Methodology
- List of Abbreviations
- Market Landscape
06.1 Market Overview
06.1.1 Global PLM Market Structure
06.2 Market Size and Forecast
06.3 Five Forces Analysis
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