Global Computer Aided Engineering Market Research Report: Forecast (2023-2028)

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Computer Aided Engineering Market
2023-2028
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Market Insights
The Global Computer Aided Engineering Market is
likely to grow at around 9.1 CAGR during the
forecast period, i.e., 2023-28. The growth of the
market is projected to be driven mainly by the
ever-increased outsourcing of manufacturing
processes to developing economies, the growing
deployment of integrated software solutions by
companies to eliminate the need for multiple
prototypes product recall concerns, and the
mounting use of CFD tools to analyze temperature
in battery modules and extend its life
performance.
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Market Driver
Key Opportunity Shift from On-Premise to Cloud
Deployment Models
Cloud-based CAE helps reduce costs related to
hardware acquisition, software licensing,
installation, support and allows for quick
distribution, minimal maintenance costs, and
enhanced scalability. When offered as SaaS
(Software-as-a-Service), it can also provide
application-specific solutions to users. Due to
these capabilities, cloud-based CAE is witnessing
high demand worldwide, wherein several companies
are even deploying HCI (Hyper-Converged
Infrastructure) platforms to develop a private
cloud for attaining advanced computation
storage services. Hence, these aspects indicate a
lucrative future for the Global Computer Aided
Engineering Market during 2023-28.
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Market Segmentation
By Type Finite Element Analysis, Computational
Fluid Dynamics, Thermal Analysis, Multibody
Dynamics, Others (Mechanical Event Simulation,
etc.)
By Deployment Model On-Premise, Cloud
By End User Automotive, Medical Devices,
Industrial Equipment, Defense Aerospace,
Electronics, Others (Energy, Consumer Goods, etc.)
By Region North America, South America, Europe,
The Middle East Africa, Asia-Pacific
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