TechNavio Announces the Publication of its Report – CFD Software Market
in North America 2010-2014
TechNavio today published its report Computational Fluid Dynamics (CFD)
Software Market in North America 2010–2014.
February 10, 2012 -- The report aims to aid decision-makers’
understanding of the current and future trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Engineering
Software team said, "Several SMEs prefer using CFD for its proven
benefits. However, some SMEs are facing challenges in adopting CFD
software such as high initial investment, lack of knowledge and
expertise, and less return on investment over longer periods of time.
Therefore, vendors have started a new trend of providing CFD software on
a rental basis to encourage adoption."
According to the report, the need for faster product development is one
of the major drivers for the market. Manufacturing companies need shorter
product development cycles to compete in a competitive business
environment. CFD software helps manufacturing companies reduce product
analysis time which in turn reduces the overall product development time.
Therefore, the increasing need for faster time-to-market of a product
drives and increases the demand for CFD software.
The report also discusses other challenges such as the lack of
understanding about CFD software among CFD customers.
The study was conducted using an objective combination of primary and
secondary information including inputs from key participants in the
industry. The report contains a comprehensive market and vendor landscape
in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd,
publishes periodic reports on niche and emerging technologies. For
further information, please visit www.technavio.com.
Follow us on Twitter @Technavio
Media Contact:
Ludmila Berkesova
Program Manager
Technavio
8 Wimpole Street
W1G 9SP London UK
Tel: 0044 207 637 2456
Fax: 0044 845 280 2825
ludmila@technavio.com
http://www.technavio.com
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