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Design software vendors see big market in India
Design software vendors see a big market emerging in India as outsourcing of engineering services gains momentum. The outsourced engineering services is considered a next big thing for Indian vendors, who are seen buying design software and tools to build capabilities to tap the new found opportunity.
Companies like TCS , Infosys Technologies , Satyam Computer , Tata Technologies, Infotech Enterprises among others are seen building up capabilities in the engineering services space. 'As the offshore volumes of engineering services increase, we see a comparable rise in the usage and adoption of these design tools,' Mr Marawah said.
Mr Natarajan Viswanathan, Managing Director, PTC India said the usage of software design tools would be a prelude to the adoption of PLM solutions, which will eventually happen over the next year.
It is estimated that only $10-15 billion of the $750 billion engineering services market is presently outsourced and has the potential to reach $150-225 billion by 2020.
