Technavio Announces the Publication of its Research Report Global CAE Market for VARs 2016-2020
Technavio recognizes the following companies as the key players in the Global CAE Market for VARs: ANSYS, CD-Adapco, Dassault Systèmes, Mentor Graphics, OpenCFD, PTC, and Siemens PLM Software.
Commenting on the report, an analyst from Technavios team said: One trend spurring growth in this market is the increase in adoption of CFD for battery designing. The increase in the number of electric vehicles is becoming a trend in the automotive industry. For vehicle manufacturers, the spending on R&D has increased to a great extent for manufacturing vehicles with higher fuel efficiency. They are complying with the set standards and ensuring there is no increase in the total cost of the vehicle. This has resulted in many vehicle manufacturers focusing on the development of electric vehicles.
According to the report, one driver that will lead to the growth of this market is the formation of new partnership between vendors and resellers. The global CAE market for VARs experiences an increase in partnership between CAE vendors and resellers. With the partnership, original CAD providers sold their products across many regions both cities and remote areas based on requirements. For instance, CAE software is made available in India through VARs. PTC and ANSYS have formed a partnership with ARK Infosolutions to sell their product.
Further, the report states that a major challenge for this market is the preference for direct configuration using cloud CAE. Cloud CFD and Cloud FEA pose a serious threat to resellers. End-users can directly configure the software package required from a vendor using the cloud window without the need for an intermediary such as a VAR. Lower CAPEX is another major factor driving the cloud CAE adoption among the end-users. However, training and consulting requires the presence of VARs. As a result, many VARs are providing cloud solutions to counter this challenge.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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About VARs and CAE
Factors like increased M&A and partnership between resellers and original CAE providers and between resellers contributed to the growth of the market. The M&A and partnership led to an increase in the presence of large of number of VARs in the market. Intense competition among these VARs leads to innovative value addition to the CAE software. VARs are providing low cost consultation, training, and certification services along the software package in the market.
Technavios analysts forecast the Global CAE Market for VARs to grow at a CAGR of 11.38% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the Global CAE Market for VARs 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of FEA and CFD.
The market is divided into the following segments based on geography:
Technavio’s report, Global CAE Market for VARs 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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