Global Software Engineering Market, By Software Type (Computer-Aided Designing (CAD), Computer-Aided Manufacturing (CAM), Computer-Aided Engineering (CAE), Architecture, Engineering and Construction (AEC), Electronic Design Automation (EDA)), Application (Automation Design, Plant Design, Product Design, 3D Modelling, Others), End-User (Aerospace and Defense, Automotive, Banking, IT and Telecommunication, Oil and Gas, Healthcare, Others) – Industry Trends and Forecast to 2030.
Software Engineering Market Analysis and Size
Rise in the adoption of portable computing devices at workplace is a crucial factor accelerating the market growth, also increase in the easy availability of these software over cloud and rise in the development across construction and infrastructure sector are the major factors among others boosting the software engineering market. Moreover, increase in the technological advancements and modernization in the production techniques and rise in the research and development activities in the market will further create new opportunities for software engineering market in the forecast period.
Data Bridge Market Research analyses that the software engineering market which was USD 47,272.06 million in 2022, is expected to USD 89,282.13 million by 2030, and is expected to undergo a CAGR of 11.80% during the forecast period. “Computer-Aided Designing (CAD)” dominates the software type segment of the software engineering market owing to the high demand of this software type in the market. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Software Engineering Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Software Type (Computer-Aided Designing (CAD), Computer-Aided Manufacturing (CAM), Computer-Aided Engineering (CAE), Architecture, Engineering and Construction (AEC), Electronic Design Automation (EDA)), Application (Automation Design, Plant Design, Product Design, 3D Modelling, Others), End-User (Aerospace and Defense, Automotive, Banking, IT and Telecommunication, Oil and Gas, Healthcare, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Altair Engineering Inc. (U.S.), Altium Limited (U.S.), Ansys, Inc (U.S.), Autodesk, Inc (U.S.), Aveva Group Plc. (U.K.), Bentley Systems, Inc (U.S.), Dassault Systemes (France), ESI Group (France), ZWSof, Inc (U.S.), HCL Technologies (India), Hexagon AB (Sweden), Simscale, PTC, Inc (U.S.), SAP SE (Germany), Bricsys NV (Netherlands), Siemens PLM Software, Inc (Germany), Synopsys, Inc (U.S.), IBM Corporation (U.S.), among others
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Market Opportunities
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Market Definition
Software engineering is defined as the systematic application of engineering which approaches to the development of software. It helps in operating within a set of best practices, principles and methods that have been carefully honed throughout the years, changing as software and technology change.
Software Engineering Market Dynamics
Drivers
- Significant Growth in the Technological Advancements
The rapid advancements in technology such as AI, cloud computing, and IoT, drives the demand for software development to create innovative solutions, leading growth in the software engineering market. These solutions offer improved support and monitoring of remote sites, cloud-based tracking, smart event processing and administration of unmanned operations.
- The Growing Digital Transformation
The development of technologically advanced automation solutions and the integration of the Industrial Internet of Things (IIoT) and cloud-computing, are acting as other growth-inducing factors. Organizations across industries are embracing digital transformation to stay competitive. This involves modernizing their software systems, leading to increased demand for software engineering services.
Opportunities
- The Increase in the Demand for Remote Work and Collaboration
The shift to remote work has highlighted the importance of collaboration tools and software. This trend fuels the need for software engineers to develop and maintain these solutions. With the increasing frequency and cyberattacks, there is growing need for secure software.
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The Rising ICT Industry
The increasing adoption of the ICT industry and various technological advancements associated with it has significantly contributed towards the growth of the global software engineering market. As business expands globally, software engineers are needed to adapt software for different markets and languages.
Restraints/Challenges
- Rising Competition
The software engineering market is highly competitive, with numerous companies offering a wide range of products. This can make it challenging for new entrants or smaller companies to gain market share and establish a strong presence.
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High Cost Associated with Implementation
The cost of software engineering is very high in the market. Automotive systems and payers face cost pressures, and there is a growing demand for cost-effective solutions. Manufacturers need to balance the development of innovative implants with affordability to meet market demands.
This software engineering market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the software engineering market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In March 2020, Hexagon AB’s manufacturing intelligence business division offered free offline licensing to manufacturing professionals to enable efficient working from home. The company offered free licensing and remote access options for numerous production, metrology, and MSC software range of CAE solutions
Global Software Engineering Market Scope
The software engineering market is segmented on the basis of software type, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Software Type
- Computer-Aided Designing (CAD)
- Computer-Aided Manufacturing (CAM)
- Computer-Aided Engineering (CAE)
- Architecture, Engineering and Construction (AEC)
- Electronic Design Automation (EDA)
Application
- Automation Design
- Plant Design
- Product Design
- 3D Modelling
- Others
End-User
- Aerospace and Defense
- Automotive
- Banking
- IT and Telecommunication
- Oil and Gas
- Healthcare
- Others
Global Software Engineering Market Regional Analysis/Insights
The software engineering market is analysed and market size insights and trends are provided by software type, application and end-user as referenced above.
The countries covered in the software engineering market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
North America dominates the software engineering market because of the strong base of ICT facilities, strong presence of major players in the market.
Asia-Pacific is expected to witness significant growth during the forecast period of 2023 to 2030 due to the increase in government initiatives to promote awareness, rise in ICT facilities, growing research activities in the region, availability of massive untapped markets, large population pool.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and up-stream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Software Engineering Market Share Analysis
The software engineering market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the company's focus related to software engineering market.
Some of the major players operating in the software engineering market are:
- Altair Engineering Inc. (U.S.)
- Altium Limited (U.S.)
- Ansys Inc (U.S.)
- Autodesk Inc (U.S.)
- Aveva Group Plc. (U.K.)
- Bentley Systems Inc (U.S.)
- Dassault Systemes (France)
- ESI Group (France)
- ZWSof Inc (U.S.)
- HCL Technologies (India)
- Hexagon AB (Sweden)
- Simscale PTC Inc (U.S.)
- SAP SE (Germany)
- Bricsys NV (Netherlands)
- Siemens PLM Software Inc (Germany)
- Synopsys Inc (U.S.)
- IBM Corporation (U.S.)
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