Sunday, February 5, 2023
  • About Us
  • Contact Us
KsaWeekly.com
  • News
  • Business
  • Finance
  • Technology
  • Lifestyle
  • Middle East
  • Press Release
Submit a News Release
No Result
View All Result
KsaWeekly.com
Submit PR
Home Press Release

Generative Design Market Grow drastically at USD 275 million By 2023: Exclusive Report by MnM

Press Room by Press Room
September 9, 2022
in Press Release
Share on FacebookShare on Twitter


(EMAILWIRE.COM, September 09, 2022 ) Generative Design Market size is expected to grow from USD 111 million in 2018 to USD 275 million by 2023, at a CAGR of 19.9% during the forecast period according to report published by MarketsandMarkets™. Factors such as rising need for advanced design software to drive product innovation, growing demand for environment-friendly architecture, and enhanced production efficiency are expected to the drive market during the forecast period. The generative design market study aims at estimating the market size and future growth potential of the market across segments, such as component (software and services), application, deployment model, industry vertical, and region.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=257517868

The cost optimization segment is expected to grow at the highest CAGR during the forecast period.
By application, the cost optimization segment is expected to grow at the highest CAGR during the forecast period. Generative design is one such approach that enables designers to optimize fairly large and complex product designs, based on parameters such as material, energy, and time wastage. Hence, developing robust and efficient optimization algorithms to deal with resource wastage has been one of the major focus areas of industries.

The services segment is expected to grow at a higher CAGR during the forecast period
By component, the generative design market is segmented into software and services. The use of generative design software for designing of building plans and large construction projects layouts is expected to fuel demand for services (design & consulting services and support & maintenance services) from the building, architecture, and construction industries.

Automotive vertical is expected to maintain the leading position in terms of revenue generation during the forecast period
The automotive industry has always been at the forefront of adopting technologies for their product design and development. With rapid manufacturing advancements in the industry, the generative design has gained a prominent place in achieving cost and production efficiency. Its use has increased to test and analyze designs of products in a virtual environment. Generative design software assists design engineers to reduce product design time, cost, and weight and improves the overall efficiency for automotive manufacturing companies.

Request a Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=257517868

North America is expected to account for the largest market size during the forecast period
North America is expected to lead the market for generative design during the forecast period. It is the most advanced region in terms of technology adoption and IT infrastructure. The presence of key vendors of generative design vendors, as well as the widespread awareness about these solutions, are factors expected to drive the market during the forecast period.

The generative design market comprises major solution providers, such as Autodesk (US), Altair (US), ANSYS (US), MSC Software (US), Dassault Systèmes (France), ESI Group (France), Bentley Systems (US), Desktop Metal (US), nTopology (US), and Paramatters (US). The study includes an in-depth competitive analysis of these key players in the generative design market with their company profiles, recent developments, and key market strategies.

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441



Source link

Previous Post

Middle East Cybersecurity Market Size worth $44.7 billion by 2027

Next Post

EV Battery Management Systems Market Worth $37.3 Billion by 2029 – Exclusive Report by Meticulous Research®

RECOMMENDED NEWS

Waterproofing Membranes Market Future Scenarios, Growth and Analytical Insights – 2025

Waterproofing Membranes Market Future Scenarios, Growth and Analytical Insights – 2025

7 months ago

Regenerative Agriculture Market Trends, Companies, Revenue – 2027

2 weeks ago

Enterprise Mobility Management Market To Surpass USD 63.6 billion Threshold By 2026: Exclusive Report by MnM

5 months ago

Hawaii Fluid Art Opens New Location in Lubbock

2 months ago

BROWSE BY CATEGORIES

  • Business
  • Finance
  • Lifestyle
  • Middle East
  • News
  • Press Release
  • Technology

POPULAR NEWS

  • ZainTech partners with LigaData to deliver data-driven digital services in MENA

    ZainTech partners with LigaData to deliver data-driven digital services in MENA

    0 shares
    Share 0 Tweet 0
  • تم إطلاق VOYAH FREE في أوروبا وتم افتتاح معرض VOYAH.

    0 shares
    Share 0 Tweet 0
  • Saudi Arabia’s NuqtahNFT and ConsenSys partner to empower Web 3 startups

    0 shares
    Share 0 Tweet 0
  • Vidliz Expands Its Data-Driven Online Marketing Services in the Middle East

    0 shares
    Share 0 Tweet 0
  • قد يؤدي استهلاك الجوز إلى إبطاء تطوّر السرطان

    0 shares
    Share 0 Tweet 0

KSA Weekly™ publishes and aggregates business, socio-economic, Tech and industrial news on Saudi Arabia, Middle East and North Africa (MENA).

We provide press release distribution to media in the Kingdom of Saudi Arabia, the Arab world and the GCC/MENA regions. To send your press release, contact us today.

Recent News

Recent Posts
  • Data Center Power Market Projected to Gain $26.1 billion by 2025
  • Fatty Amines Market Global Analysis by Top Key Players Focusing on Growth Strategies and Upcoming Trends 2024
  • Automotive Adhesive Tapes Market Size is projected to reach USD 12.1 Billion By 2026
  • Industrial PC Market Worth $6.6 billion in 2028 at a CAGR of 5.5%
  • UHT Processing Market Statistics, Growth, Trends & Forecasts

Category

News

Business

Finance

Technology

Lifestyle

Middle East

Press Releases

Subscribe to Our Newsletter

    KSA Weekly ™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC

    • About Us
    • Contact Us
    • Submit a Press Release
    No Result
    View All Result
    • News
    • Business
    • Finance
    • Technology
    • Lifestyle
    • Middle East
    • Press Release

    © 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.