Global Engineering Software Market Size & Outlook
Global engineering software market, 2017-2030 (US$M)
Related Markets
Global engineering software market highlights
- The global engineering software market generated a revenue of USD 37,507.2 million in 2023 and is expected to reach USD 125,453.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 18.8% by 2030.
- In terms of segment, software accounted for a revenue of USD 26,405.9 million in 2023.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 37,507.2 million |
| Market revenue in 2030 | USD 125,453.2 million |
| Growth rate | 18.8% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Software |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Services |
Other key industry trends
- In terms of revenue, the North America accounted for 33.0% of the global engineering software market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Africa is the fastest growing regional market and is projected to reach USD 1,585.0 million by 2030.
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Engineering Software Market Scope
Engineering Software Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global engineering software market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to engineering software market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 70.4% in 2024. Horizon Databook has segmented the Global engineering software market based on software, services covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Engineering Software Component Outlook (Revenue, USD Million, 2017-2030)
- Software
- Computer-Aided Design (CAD) Software
- Computer-Aided Manufacturing (CAM) Software
- Computer-Aided Engineering (CAE) Software
- Others
- Services
- Development Service
- Training, Support & Maintenance
- Software
- Global Engineering Software Deployment Outlook (Revenue, USD Million, 2017-2030)
- Cloud
- On-Premises
- Global Engineering Software Application Outlook (Revenue, USD Million, 2017-2030)
- Design Automation
- Product Design & Testing
- Plant Design
- Drafting & 3D Modelling
- Others
- Global Engineering Software End-Use Outlook (Revenue, USD Million, 2017-2030)
- Automotive
- Aerospace & Defense
- Electronics
- Medical Devices
- Architecture, Engineering and Construction (AEC)
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global engineering software market , including forecasts for subscribers. This global databook contains high-level insights into Global engineering software market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global engineering software market size, by regions, 2017-2030 (US$M)
Top 10 countries: Engineering software market size, 2024 (US$M)
Global engineering software market share, by component, 2024 & 2030 (%, US$M)
Engineering software market: Opportunity assessment by country
Global engineering software market, by region, 2024 (US$M)
| Component | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 6,492.6 | 7,177.3 | 7,998.6 | 8,797.6 | 9,764.9 | 10,940.6 | 12,376.7 | 14,142.9 | 16,330.0 | 19,065.2 | 22,520.5 | 26,942.9 | 32,676.6 | 40,225.9 | 19.8% |
| Europe | 5,606.9 | 6,239.9 | 7,000.7 | 7,751.7 | 8,661.8 | 9,769.9 | 11,126.6 | 12,799.8 | 14,878.7 | 17,487.7 | 20,796.0 | 25,047.2 | 30,581.8 | 37,900.5 | 20.6% |
| Asia Pacific | 4,858.1 | 5,416.8 | 6,088.8 | 6,754.9 | 7,562.3 | 8,546.1 | 9,751.4 | 11,239.1 | 13,089.2 | 15,413.5 | 18,364.3 | 22,160.3 | 27,108.2 | 33,659.3 | 20.8% |
| Latin America | 904.0 | 1,001.9 | 1,119.5 | 1,234.5 | 1,373.8 | 1,543.2 | 1,752.1 | 2,005.2 | 2,321.4 | 2,717.3 | 3,218.1 | 3,860.1 | 4,693.8 | 5,793.3 | 20.1% |
| MEA | 1,335.8 | 1,473.1 | 1,637.2 | 1,795.5 | 1,986.7 | 2,218.3 | 2,500.4 | 2,846.6 | 3,273.9 | 3,806.1 | 4,475.8 | 5,329.2 | 6,430.7 | 7,874.3 | 19.2% |
| Overall | 19,197.3 | 21,309.0 | 23,844.8 | 26,334.2 | 29,349.5 | 33,018.1 | 37,507.2 | 43,033.6 | 49,893.1 | 58,489.7 | 69,374.6 | 83,339.7 | 101,491.1 | 125,453.2 | 20.3% |
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