Use of Software Engineering Dominant Overseas

By DE Editors

According to figures released by Cambashi (Cambridge, UK) — consultants in engineering and enterprise IT applications market research and analysis — in 2007 growth in demand for engineering applications software was 13 percent, the fastest rate in five years. In fact, Cambashi said, emerging markets outpace American growth in engineering software use.

The growth in demand from different regions reflects the rebalancing of the world economy, states the release. Growth in Asia Pacific (APAC), and Europe, Middle East and Africa (EMEA) especially Eastern Europe, was much faster than in the Americas. In 2008, as a weaker dollar makes U.S. manufacturing more competitive, Cambashi said it expected a resurgence of demand for mechanical engineering applications, but also expects continued weak demand for architecture, engineering and construction (AEC) applications.

Cambashi predicts that this regional growth pattern will continue in the next three years with above-average increases in APAC, declines in growth in EMEA, and the Americas stable at a lower level.

By 2010, Cambashi predicts that China will account for 26 percent and India 8 percent of APAC end-user expenditure.

Difficulties in the U.S. housing market and a difficult economy generally will depress demand for engineering applications, states the release. However, spending stimuli such as public spending on infrastructure, and a more competitive U.S. manufacturing sector with a weaker dollar will mitigate the situation. Cambashi further expects that there will be a small growth in US demand through to 2010.

For details, please contact Cambashi.

Sources: Press materials received from the company and additional information gleaned from the company's website.