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Computer Aided Engineering Market Exhibits Stupendous 9% Growth Through 2029

Consumer product manufacturers are investing in research and development for products with enhanced battery life and performance. Surging application of computational fluid mechanics in developing battery modules, battery life testing, and measuring performance is contributing to the growth of the computer aided engineering market. Emerging hyper converged infrastructures (HCI) is propelling the mass adoption of scalable computer aided engineering by various multinationals. The flexibility and cost efficiency of cloud computing acts as a central factor for resurgent adoption of computer aided engineering. Cloud computing eliminates the high costs associated with hardware procurement, installation, and support infrastructure for computer aided engineering systems. Since cloud enabled computer aided engineering will run on a subscription bases, the cost of adoption has decreased considerably.

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Key Takeaways of Computer Aided Engineering Market Study

Market players are witnessing a surge in demand from industries such as consumer electronics, medical devices, and industrial equipment. This can be attributed to prevalence of cloud computing and supporting IT infrastructure. Computer Aided Engineering product developers must anticipate a surge in demand for customized products during the forecast period. -Says Fact MR Analyst

Global Computer Aided Engineering Market: In-Depth Assessment on Key Segments

The global computer aided engineering market is segmented on the basis of application, services, end use and region.

Find More Valuable Insights on Computer Aided Engineering Market

Fact.MR, in its new offering, provides an in-depth analysis of the global computer aided engineering market, displaying data on historical demand (2014-2018) and forecast data for the period, 2019-2029. The study provides readers with essential insights on the computer aided engineering market on the basis of type (finite element analysis, computational fluid dynamics, multibody dynamics, and optimization & simulation), deployment (on premise and cloud based), end use (automotive, defense & aerospace, electronics, medical devices, industrial equipment, and others), across 6 key regions (North America, Latin America, Europe, East Asia, South Asia & Oceania, and Middle East & Africa).

 

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