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The emergence of cloud-based FEA software is one of the emerging trends in theFEA Software market in North America. Cloud-based FEA software provides high storage, scalability, and flexibility to end-users. Cloud-based FEAis offered on a pay-per-use model, and hence can easily be made available to cost-sensitive end-users. Moreover it provides flexibility to the end-user to access the FEA software from anywhere at any time. Hence, severalFEA vendors in North America are developing the cloud-based FEA model to meet the requirements of end-users.
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According to the report, the need to reduce overall time-to-market is one of the major drivers in the FEA market in North America. The effective deployment of FEA software enables organizations to reduce lead time by reducing the number of tests and prototypes.
Further, the report states that easy availability of open source FEA software is one of the major challenges in the FEA market in North America. Manyorganizations in North America opt for opensource FEA software as it provides various benefits in terms of affordability and easy availability compared to commercial FEA software.
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The report recognizes the following companies as the key players in the Finite Element Analysis Market in North America: Ansys Inc., Dassault Systèmes SA, MSC Software Corp., and LMS International NV
Other vendors mentioned in the report are Altair Engineering Inc., Aspen Tech Inc., Engineering Systems Inc., and NEi Software Inc.
Key questions answered in this report:
– What will the market size be in 2016 and what will be the growth rate?
– What are key market trends?
– What is driving this market?
– What are the challenges to market growth?
– Who are the key vendors in this market space?
– What are the market opportunities and threats faced by key vendors?
– What are the strengths and weaknesses of each of these key vendors?
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