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Software Engineering Market Trends, Revenue Analysis, Growth, Opportunities, Production and Forecast to 2022

Market Research Future published a research report on “Software engineering Market Trends Research Report- Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.

Market Prospects

The global Software engineering Market Trends can touch USD 37 billion by 2023, exhibiting 12% CAGR from 2017 to 2023 (forecast phase). Rise of automation across various processes is likely to present new opportunities for the market. Applications of computer aided design, computer aided manufacturing, and building information modeling are projected to boost market growth. Development of various service models due to cloud computing and machine learning will bode well for the market.

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Number of software engineers about to enter the industry due to the high potential of the field is likely to augur well for the market. According to the U.S. Bureau of Labor Statistics, jobs in the field can grow by 24% till 2026.

But lack of skilled personnel and severe piracy of software are issues plaguing the market.

Market Segmentation

The global Software engineering Market Trends is segmented by software type, application, and end-user.

  • By software type, it is segmented into computer aided designing (CAD), computer aided manufacturing (CAM), electronic design automation (EDA), architecture, engineering, and construction (AEC), and computer-aided engineering. The CAD segment was valued at USD 5,758.25 million in 2017. The use of the software for modification, optimization, and generation of components in the planning stage can be monumental in the segment growth. It can exhibit 13.28% CAGR during the assessment period thanks to the utilization of software in various industries.
  • By application, it is segmented into plant design, product design, automation design, 3D modeling, and others. 3D modeling is predicted to showcase a robust CAGR of 13.09% CAGR during the forecast timespan.
  • By end-user, it is segmented into automotive, oil & gas, banking, aerospace & defense, IT & telecommunication, healthcare, and others. The aerospace & defense segment is likely to be the biggest revenue generator of the Software engineering Market Trends till 2023. Simulation runs on 3D designing software which can bring down labor costs and boost efficiency is likely to trigger the demand for software engineering. The segment can exhibit 12.45% CAGR throughout the forecast period.

Key Players

Some of the prominent players in the global Software engineering Market Trends : Autodesk, Inc.(U.S.), Bentley Systems, Inc. (U.S.), Dassault Systemes S.A (France), Siemens PLM Software, Inc.(U.S.), SAP SE (Germany), PTC, Inc.(U.S.), Ansys, Inc. (U.S.), MSC Software Corporation, Carlson Software Inc. (U.S.) and Geometric Ltd. (India).

Market Research Future Analysis:

Region-wise, the global Software engineering Market Trends covers Europe, North America, Asia Pacific (APAC), and Rest-of-the-World (RoW).

The APAC region is likely to showcase the highest CAGR till 2023 thanks to software development hubs in Japan, China, and India combined with abundance of skilled software engineers. Massive demand for automated solutions in the region can bode well for the market in the region.

North America can exhibit considerable growth due to companies adopting latest software and other solutions for amplifying their capabilities.

In the RoW, the Middle Eastern countries possess latent potential due to burgeoning demand for automation in the oil & gas industry.

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TABLE OF CONTENTS

TABLE 1 GLOBAL SOFTWARE ENGINEERING MARKET TRENDS, BY SOFTWARE TYPE, 2016–2022 (USD MILLION)

TABLE 2 GLOBAL SOFTWARE ENGINEERING MARKET TRENDS, BY APPLICATION, 2016–2022 (USD MILLION)

TABLE 3 GLOBAL SOFTWARE ENGINEERING MARKET TRENDS, BY END USER, 2016–2022(USD MILLION)

TABLE 4 GLOBAL SOFTWARE ENGINEERING MARKET TRENDS, 2016–2022 (USD MILLION)

TABLE 5 NORTH AMERICA SOFTWARE ENGINEERING MARKET TRENDS, BY COUNTRY,2016–2022 (USD MILLION)

TABLE 6 NORTH AMERICA SOFTWARE ENGINEERING MARKET TRENDS, BY SOFTWARE TYPE, 2016–2022(USD MILLION)

TABLE 7 NORTH AMERICA SOFTWARE ENGINEERING MARKET TRENDS, BY APPLICATION, 2016–2022 (USD MILLION)

TABLE 8 NORTH AMERICA SOFTWARE ENGINEERING MARKET TRENDS, BY END USER, 2016–2022 (USD MILLION)

TABLE 9 US SOFTWARE ENGINEERING MARKET TRENDS, BY SOFTWARE TYPE, 2016–2022 (USD MILLION)

TABLE 10 US SOFTWARE ENGINEERING MARKET TRENDS, BY APPLICATION, 2016–2022 (USD MILLION)

TABLE 11 US SOFTWARE ENGINEERING MARKET TRENDS, BY END USER, 2016–2022(USD MILLION)

TABLE 12 CANADA SOFTWARE ENGINEERING MARKET TRENDS, BY SOFTWARE TYPE, 2016–2022(USD MILLION)

TABLE 13 CANADA SOFTWARE ENGINEERING MARKET TRENDS, BY APPLICATION, 2016–2022 (USD MILLION)

TABLE 14 CANADA SOFTWARE ENGINEERING MARKET TRENDS, BY END USER, 2016–2022(USD MILLION)

TABLE 15 MEXICO SOFTWARE ENGINEERING MARKET TRENDS, BY SOFTWARE TYPE, 2016–2022(USD MILLION)

Continued…

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