Software engineering Market Summary
As per Market Research Future Analysis, the Software Engineering Market is projected to grow from USD 65.70 Billion in 2024 to USD 205.44 Billion by 2035, with a CAGR of 10.9% during the forecast period. The market was valued at USD 65.70 Billion in 2024, driven by increasing demand across industries such as aerospace, automotive, banking, IT, oil & gas, and healthcare. The rise of digitalization and automation further fuels this growth, alongside the adoption of IoT and 3D printing technologies.
Key Market Trends & Highlights
Key trends influencing the Software Engineering Market include technological advancements and industry-specific demands.
- 3D modeling dominated the market in 2021, enhancing design quality and reducing costs.
- Computer-aided engineering held a 60-64% market share in 2021, driving product design improvements.
- The automotive sector had the highest revenue share in 2021, with significant growth expected in healthcare applications.
Market Size & Forecast
2024 Market Size | USD 65.70 Billion |
2035 Market Size | USD 205.44 Billion |
Major Players
Key companies include Geometric Ltd, Ansys Inc, Siemens PLM Software, Dassault Systemes S.A., Bentley Systems Inc, MSC Software Corporation, Carlson Software Inc, and IBM Corporation.