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The global engineering software market is expected to see rapid growth in the next few years, reaching $102.55 billion in 2028 at a CAGR of 16.5%. Major trends include cloud-based solutions, industry 4.0 and IoT integration, additive manufacturing, and open-source software. Top companies in the market include Siemens, IBM, GE, Oracle, and Schneider Electric. The growing automation in manufacturing is a major driver for the market.
