DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/hfsdkg/computeraided) has announced the addition of the "Computer-aided Engineering Software Market in Japan 2011-2015" report to their offering.
TechNavio's analysts forecast the Computer-aided Engineering Software market in Japan to grow at a CAGR of 12.5 percent in terms of revenue over the period 2011-2015. One of the key factors contributing to this market growth is the need to reduce the product development cost. The Computer-aided Engineering Software market in Japan has also been witnessing the development of cloud-based CAE software. However, the availability of pirated CAE software could pose a challenge to the growth of this market.
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: LMS International, ESI Group, Altair Engineering Inc., Samtech SA., and Vero Software plc.
Commenting on the report, an analyst from TechNavio's Engineering team said: ''Several Computer-aided Engineering (CAE) vendors are offering cloud-based CAE software with advanced features that are more efficient and reliable. Several public and private companies are adopting cloud-based CAE software because it provides key benefits such as flexibility and scalability compared to the traditional CAE software. In addition, companies that are adopting cloud-based CAE software need to invest less for IT infrastructure. Moreover, cloud-based CAE software eliminates maintenance costs and also helps organizations to access CAE software from anywhere and at any time.''
According to the report, several manufacturing organizations use the CAE tools that allow designers to understand how the product will behave and perform during its operating life by effective and accurate product design analysis. This thereby reduces the cost of product failure and wastage. It also avoids many direct and indirect expenses such as warranty cost, product return cost, and downtime loss.
For more information visit http://www.researchandmarkets.com/research/hfsdkg/computeraided
Source: Research and Markets