DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/sq4rcp/cae_market_in) has announced the addition of the "CAE Market in India : Research Report 2015-2019" report to their offering.
The CAE market in India to grow at a CAGR of 15.60% over the period 2014-2019.
CAE Market in India 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers India; it also covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Cloud computing provides vast space for data storage, ease of access, flexibility, and security. Companies increasingly prefer to use cloud-based CAE software as it is cost-effective. End-users do not have to pay license costs as they can access the software through the cloud. The deployment of CAE in the cloud leads to low cost, faster distribution, low maintenance, and an increase in scalability.
According to the report, growing demand for CAE in India have led large international CAE vendors to set up their R&D centers in the country. Through R&D centers vendors are able to capitalize on the market potential by developing and providing new and innovative products to Indian customers. For instance, Altair Engineering has its R&D base in India, with more than 400 engineers involved in different fields, such as software development, design, quality assurance, and sales and marketing.
Further, the report states that the high initial investment required for CAE acts as a major challenge to the growth of the overall market.
- Dassault Systèmes
- MSC Software
Other Prominent Vendors
- Altair Engineering
- Aspen Technology
- ESI Group
Siemens PLM Software
For more information visit http://www.researchandmarkets.com/research/sq4rcp/cae_market_in