Sep 27, 2017   SOURCE: BusinessWire

Engineering Design Development Software Market - Procurement Research Report Now Available from SpendEdge

Global procurement market intelligence advisory firm, SpendEdge, has announced the release of their ‘Engineering Design Development Software Procurement Research Report.’ The insights and data in this report provide a strategic analysis of the supply markets, factors influencing purchasing decisions, procurement best practices, pricing models, supplier landscape, and an analysis of the supplier capability matrix for the IT industry. This report breaks down the data and analysis behind the procurement of engineering design development software and acts as an all-inclusive guide for making smart purchasing decisions.

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Global Engineering Design Development Software Procurement Market Intelligence Report (Graphic: Busi ...

Global Engineering Design Development Software Procurement Market Intelligence Report (Graphic: Business Wire)

“The need to reduce manual errors and subsequently enhance the efficiency of buyers is the key factor boosting the adoption of engineering development software,” says lead SpendEdge procurement research analyst Angad Singh. “Suppliers in the highly competitive workspace are providing customized solutions and resorting to M&A activities to retain and increase their shares in the market,” added Angad.

Key Report Features

Supply Market Insights           Negotiation Strategies
Procurement Best Practices           Category Risk Analysis
Cost Saving Opportunities           Key Supplier Analysis
Pricing Models           Supplier Capability Matrix

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Report Highlights

  • The global design development software market is projected to grow at a CAGR of 12.5% over the forecast period due to the growing need for automation from industries such as oil and gas manufacturing.
  • Category managers need to analyze the internal and external compatibility of the software to ensure compatibility with other internal software within the organization.
  • Buyers also need to engage with suppliers willing to provide cloud-based solutions to avoid paying additional charges pertaining to customized cloud solutions.

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Engineering Design Development Software Pricing Trends

Adopters of engineering design development software can opt for the tiered pricing model or the subscription-based pricing model. Both the models show similar adoption rates, where the tiered pricing model is based on the bundling of package services and the subscription-based model is based on the time-duration of services employed.

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SpendEdge shares your passion for driving sourcing and procurement excellence. We are a preferred procurement market intelligence partner for Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence that helps sourcing and procurement professionals make informed decisions. These innovative procurement solutions help enterprises transform structural capabilities, improve execution efficiency, and fast-track time to savings.