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The engineering software market is expected to grow at a CAGR of 12.7% by 2030, driven by increasing demand for efficient design, simulation, and analysis tools across various industries. However, the market faces challenges from alternative technologies and platforms, as well as the complexity and learning curve associated with advanced software. Ongoing advancements in AI and machine learning are expected to drive market growth, offering enhanced functionalities such as predictive analytics and automated design processes.