DUBLIN — (BUSINESS WIRE) — July 25, 2011 — Research and Markets( http://www.researchandmarkets.com/research/7f3130/global_computation) has announced the addition of the " Global Computational Fluid Dynamics Market 2010-2014" report to their offering.
Research conducted by TechNavio reveals that the Computational Fluid Dynamics (CFD) Software market is expected to grow at a CAGR of 16.5 percent. Technavio's report, which examines the Americas, EMEA, and APAC regions, indicates that the market is currently being driven by the significant decrease in license costs.
Previously, CFD solutions were expensive and required companies to invest in the services of software professionals and high-power computing capabilities. However, in recent years, the prices of permanent CFD licenses have fallen significantly. Moreover, advanced CFD software can now be run by any engineer with minimal CFD software training, reports a TechNavio analyst.
In spite of the demand for CFD software, the growing popularity of open source CFD software is hindering the growth of this market. However, the growing computational capabilities of this software are expected to boost demand. Moreover, the CFD Software market is witnessing RANS models being replaced by LES models.
These are just some of the important findings presented in the report that will enable companies to fully understand the potential in this market and formulate their own strategies.
The report, Global Computational Fluid Dynamics Market 2010-2014, is based on extensive research conducted with industry experts, vendors, and end-users. It examines the key trends, drivers, and challenges impacting the evolution of this market. The report also contains an in-depth discussion and SWOT analysis of each of the key vendors in this market.
TechNavio's analysts forecast the Global Computational Fluid Dynamics (CFD) market to grow at a CAGR of 16.5 percent over the period of 2010-2014. One of the key factors contributing to this market growth is the increasing adoption of simulation techniques. The Global CFD market has also been witnessing availability of CFD in the cloud. However, the growing popularity of open source CFD solutions could pose a challenge to the growth of this market.
Key vendors dominating this market space include Ansys, CD Adapco, and Mentor Graphics.
TechNavio's Global Computational Fluid Dynamics Market 2010-2014 report has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report focuses on the global market and covers its growth prospects; it also includes a discussion on the vendors that provide CFD software solutions in the global market.
For more information visit http://www.researchandmarkets.com/research/7f3130/global_computation.
Research and Markets
Laura Wood, Senior Manager,
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716