Saudi Arabia Engineering Software Market Size & Outlook
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Saudi Arabia engineering software market highlights
- The Saudi Arabia engineering software market generated a revenue of USD 942.5 million in 2023 and is expected to reach USD 2,997.3 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 18% from 2024 to 2030.
- In terms of segment, software was the largest revenue generating component in 2023.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
Engineering software market data book summary
| Market revenue in 2023 | USD 942.5 million |
| Market revenue in 2030 | USD 2,997.3 million |
| Growth rate | 18% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Software |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Services |
| Key market players worldwide | Altair Engineering Inc Class A, Ansys Inc, Autodesk Inc, Bentley Systems Inc Ordinary Shares - Class B, Dassault Systemes SE, Keysight Technologies Inc, Siemens AG, 3D Systems Corp, PTC, Hexagon AB ADR, ZWSOFT, Mastercam |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 2.5% of the global engineering software market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia engineering software market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1,972.3 million by 2030.
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Engineering Software Market Scope
Engineering Software Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Mastercam | View profile | 1-10 | Bad Lippspringe, Nordrhein-Westfalen, Germany, Europe | http://www.mastercam.de |
| ZWSOFT | View profile | 251-500 | Guangzhou, Guangdong, China, Asia | https://www.zwsoft.com |
| Autodesk Inc | View profile | 13700 | One Market Street, Suite 400, San Francisco, CA, United States, 94105 | https://www.autodesk.com |
| Ansys Inc | View profile | 6200 | 2600 ANSYS Drive, Canonsburg, PA, United States, 15317 | https://www.ansys.com |
| Bentley Systems Inc Ordinary Shares - Class B | View profile | 5200 | 685 Stockton Drive, Exton, PA, United States, 19341 | https://www.bentley.com |
| Dassault Systemes SE | View profile | 23811 | 10, Rue Marcel Dassault, Velizy-Villacoublay, France, 78140 | https://www.3ds.com |
| Hexagon AB ADR | View profile | 24091 | Lilla Bantorget 15, Stockholm, Sweden, SE-111 23 | https://www.hexagon.com |
| PTC | View profile | 5001-10000 | Boston, Massachusetts, United States, North America | http://www.ptc.com |
| 3D Systems Corp | View profile | 2032 | 333 Three D Systems Circle, Rock Hill, SC, United States, 29730 | https://www.3dsystems.com |
| Altair Engineering Inc Class A | View profile | 3200 | 1820 East Big Beaver Road, Troy, MI, United States, 48083 | https://www.altair.com |
| Keysight Technologies Inc | View profile | 14900 | 1400 Fountaingrove Parkway, Santa Rosa, CA, United States, 95403-1738 | https://www.keysight.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
Saudi Arabia 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 72.36% in 2024. Horizon Databook has segmented the Saudi Arabia engineering software market based on software, services covering the revenue growth of each sub-segment from 2017 to 2030.
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Target buyers of Saudi Arabia engineering software market databook
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Our clientele includes a mix of engineering software market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia engineering software market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia engineering software market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia engineering software market size, by component, 2017-2030 (US$M)
Saudi Arabia Engineering Software Market Outlook Share, 2024 & 2030 (US$M)
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