Research findings forecast investment in technical software to rally following sharp decline in 2009
Cambridge, UK. 13 March, 2009 – Research from engineering and enterprise IT applications market research and analysis firm, Cambashi, predicts future growth in global expenditure on software for technical applications. Spending on technical applications software includes AEC (architecture, engineering & construction), geospatial (GIS) and manufacturing (CAD/CAM/CAE and PDM/PLM) applications.
Using the latest economic data, Cambashi has processed its Country Observatory models to show the demand for technical applications software is set for a marked increase following the predicted slump in 2009.
Currency fluctuations change viewpoint
To focus on underlying demand, Cambashi selected local currency information from its Country Observatory to avoid the distortions introduced by currency exchange rate fluctuations. This provides a fair indicator of relative growth as many contracts are honoured in local currencies.
Areas of growth still visible
Christine Easterfield, principal consultant at Cambashi, stated, “Despite the general decline in demand for technical applications software, there are still areas with potential. For example, when ranked in order of growth, four of the top ten countries are from the emerging nations of South America with China and India maintaining a strong position. But overall, the figures show the battle for market share will be more difficult over the next 12 to 18 months.”
With government support in Europe and the USA for major infrastructure programmes, for example, renewable energy programs, the prospect for growth in this market space is also considered to be good.
These results come from Cambashi’s latest version of the Cambashi Country Observatory which contains estimates of market size and growth for over 50 countries worldwide.
Cambashi, based in Massachusetts USA and Cambridge UK, provides independent research and analysis of the business reasons for use of IT in industry, world-wide. Its specialist fields include engineering and enterprise applications and the infrastructure to enable industrial firms to use IT effectively. Market information is published in the Cambashi Country Observatory, a component of the Cambashi Market Observatory, which also includes views on industry, employment and products in the technical application software market. Cambashi’s clients vary in size from small to large and include most of the leading software vendors and many pioneering IT users.
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