Research and Markets: CAE Market in North America 2012-2016 with Dassault Systemes SA, Mentor Graphics Corp. and MSC Software Corp. Dominating

Research and Markets (http://www.researchandmarkets.com/research/dt3n3r/cae_market_in) has announced the addition of the "CAE Market in North America 2012-2016" report to their offering.

The analysts forecast the CAE market in North America to grow at a CAGR of 9.96 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing need to reduce the time to market. The CAE market in North America has also been witnessing the availability of cloud-based CAE software. However, the high cost of initial investment could pose a challenge to the growth of this market.

The key vendors dominating this space include Ansys Inc., CD-adapco Group, Dassault Systemes SA, Mentor Graphics Corp., and MSC Software Corp.

The other vendors mentioned in this report are COMSOL Inc., ESI Group SA, EXA Corp., Autodesk Inc., Flow Science Inc., and Siemens PLM Software Inc.

Commenting on the report, an analyst from the team said: The availability of cloud-based CAE software is a major trend affecting the CAE market in North America. Cloud computing provides various advantages such as a large space for storage, ease of access, and security. Many of the SMEs prefer cloud-based CAE software as it is less costly. Moreover, the operating costs which include server costs, maintenance costs, and physical storage costs could be reduced and the efficiency of the product development cycle could be increased.

According to the report, one of the major drivers in the market is the increasing need for reducing the time to market. CAE is used by many vendors as an effective method for reducing the product development time cycle.

Further, the report states that one of the major challenges in the market is the high cost of initial investment. This is a big challenge facing vendors, especially SMEs, in adopting CAE tools.

For more information visit http://www.researchandmarkets.com/research/dt3n3r/cae_market_in

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