FRAMINGHAM, MA — (Marketwired) — 11/04/14 — Cambashi, a leading global industry analyst and market consulting firm, today revealed its latest country research that shows continuing growth leading to spending on technical applications software, excluding services, reaching $20 billion U.S. dollars in real terms by 2017. The findings are included in the Cambashi Country Observatory for the third quarter of 2014, a stand-alone report on spending on software in industry for more than 50 countries worldwide — a component of the Cambashi Market Observatories. The Country Observatory analyzes each country–s end-user-expenditure on technical applications in five categories: architecture; engineering and construction (AEC); manufacturing (CAD/CAM/CAE and PDM/PLM); geospatial; visualization and other.
The U.S. continues as the largest country market, with its total being about the same as the next three countries — Japan, Germany and the UK — combined. In 2015, the market in China will exceed $1 billion for the first time. Of this, 74% will be in the manufacturing segment of the technical applications market, a proportion very similar to Germany.
In 2014, the BRIC countries are showing very different profiles in this market. The underlying situation can be seen from the growth figures in local currencies — modest growth in Brazil and Russia (1% and 3% respectively), and strong growth in India and China (7% and 12%). But assess the situation after converting results into U.S. dollars, and the picture is distorted by exchange rate fluctuations — in the same BRIC order the U.S. dollar growths are -5%, -3%, 2% and 13%. Looking ahead beyond 2014, of the smaller countries, Vietnam stands out with overall technical applications software growth rates over 10% in each year from 2015 to 2017. In Vietnam, manufacturing leads this growth followed by, in growth order, the visualization, AEC and geospatial segments of the technical applications market.
“This global market offers gentle acceleration of growth, from 5.1% in 2014 to 6% in 2017. Both the U.S. and China will gain share with above average growth rates,” said Peter Thorne, director at Cambashi. “The back of the growth pack includes some important economies, for example, Japan and Italy, where growth will be in the 3-4% range,” he added.
The Cambashi Market Observatories provide a multi-way view on the AEC, CAD, CAM, PLM, CAE and GIS application software market — by country, industry, economic activity and product line. The third quarter 2014 releases integrate the latest market reports, economic forecasts and company reports.
Cambashi, a leading industry analyst and marketing consulting firm, researches current user practice, technology issues and market trends and applies the findings and insights to help IT product and service providers improve their sales and marketing strategies, tactics and activities. Cambashi is based in Cambridge in the UK and Framingham, MA in the US and its in-house expertise is supplemented by a network of partners and associates throughout the UK, Europe, the USA and Japan.
The information in this press release is from a wide variety of sources that represent the best information available to Cambashi Limited. This report includes our interpretation of information in the public domain or released by responsible officers in relevant organisations. Some information is from sources we cannot verify. We survey judgement samples, and results are not statistically significant unless so stated. Cambashi Limited cannot guarantee that the report is accurate or complete. Information changes with time. The analysis, opinions and estimates in this report reflect our judgements as of writing but are subject to change without notice. Cambashi Limited shall not be liable for any loss or injury resulting from use of this information. All company name and product trademarks are the property of their respective owners. Cambashi Limited may have a consulting relationship with a company being reported on. It is not an offer to sell or a solicitation of an offer to buy any securities. Cambashi Limited, its staff, their families and associates may or may not have a position in or with respect to any securities mentioned herein.
Dawn Fontaine
Ripple Effect Communications
617-536-8887
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