Engineering Software market operates in a highly-competitive marketplace

It is clear that, as leading companies in this market continues to broaden its addressable market, by expanding its current product portfolio, diversifying its client base, and developing new applications and markets, all the prominent players faces an increasing level of competition, both from start-ups as well the leading global technology and industrial companies in the world.

According to Research And Markets, the engineering software market is US$ 24.35 Bn in 2015 and is estimated to reach US$ 44.54 Bn by 2025.