September 22, 2015
Cambashi, a global industry analyst and market consulting firm, has updated its Cambashi Market Observatories. These market data resources, according to the company, provide a comprehensive view of the technical applications software market. They offer a basis for analyzing size, growth, movement and other trends on a local, regional and global level.
Technical applications software includes CAD, CAE, CAM, GIS, PLM (product lifecycle management) and visualization software tools.
The Observatory for Q2 2015 forecasts the AEC (architecture, engineering and construction) industry will be the largest market for technical applications software in 2015 with spending at $5.4 billion USD worldwide. Additionally, Cambashi predicts a 6.1% CAGR for this market.
The top three industries spending most worldwide on technical applications software are AEC, machinery and automotive.
For more information, visit Cambashi.
Sources: Press materials received from the company and additional information gleaned from the company’s website.