Research and Markets (http://www.researchandmarkets.com/research/hdglvn/global_finite) has announced the addition of the "Global Finite Element Analysis Market 2012-2016" report to their offering.
The Global FEA market is expected to post a CAGR of 9.72 percent during the period 2012-2016. The market is driven by many growth factors; one is the increasing demand for FEA software from developing countries. Currently, the market is experiencing a huge potential from developing countries such as China, India, Brazil, and Korea, creating more opportunities for the vendors. The market is also experiencing a huge demand from discrete industries across the globe.
In terms of revenue, North America accounted for the largest share in the Global FEA market in 2012, and was followed by the APAC region. The APAC region is one of the fastest growing geographies in the global market due to the emergence of several manufacturing industries in the region.
Commenting on the report, an analyst from the Enterprise Computing team said: The Global FEA market is witnessing a trend toward the development of cloud-based FEA solutions from the market vendors due to the benefits of cloud computing such as a vast space for data storage, ease of access, flexibility, and security. Cloud computing technology gives a wide range of advantages to many SMEs by offering the solution on demand in a cost-effective manner. By hosting FEA over the cloud, end-users can significantly reduce their operating costs (server costs, maintenance costs, and physical storage costs) and can improve the efficiency of the product development cycle. Autodesk Inc., Dassault Systèmes SA, and NEi Software are some of the key vendors in the Global FEA market that are offering cloud-based FEA software.
According to the report, the Global FEA market relies heavily on the Global Discrete Manufacturing industry for growth and development. The Automotive, Electrical and Electronics, and Aerospace and Defense industries are some of the key leading discrete industries that drive the Global FEA market. Most of the discrete manufacturing industries rely on FEA software for effective and efficient product development. Therefore, the market is experiencing high demand from discrete industries, and the discrete industries are expected to retain their dominant position in the Global FEA market in the forecast period.
For more information visit http://www.researchandmarkets.com/research/hdglvn/global_finite
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