Market for CAE / Simulation software will reach $6.1bn in 2020
CAMBRIDGE, UK / ACCESSWIRE / August 6, 2020 / Cambashi, a leading global industry analyst and market consulting firm, together with partner intrinSIM today announced its latest COVID-adjusted CAE/Simulation market data & forecast, which indicates the CAE (computer-aided engineering) market has been growing in double digit figures and will continue on that path excluding 2020.
"These growth rates illustrate the beginning of the Simulation Revolution, which will continue to grow as increasingly more organizations realize that Engineering Simulation is a Key Driver to the Business Drivers that enable increased competitiveness," said Joe Walsh, intrinSIM. "While 2020 will present lower growth rates, and Cambashi expects negative growth from e.g. the automotive industy, growth overall is still expected to be positive," said Petra Gartzen, Senior Consultant, Cambashi.
Going forward, the trends that were driving adoption of simulation have not gone away because of COVID-19. The need to develop new, greener versions of any kind of product will accelerate, especially in industries generating vapor trails. And COVID-19 is also opening up new opportunities especially around modeling air flow, people movement, and space organization in any kind of building - be that a factory, a museum, an office, transport, etc. - where people spend significant amounts of time in close proximity. The need to provide a safe working environment to get industries back to some kind of normal situation could also result in new linkages between CAE and BIM vendors and CAE and IIoT/Connected Application technology providers.
Visit www.cambashi.com/CAE for more details.
About Cambashi
Cambashi is a global market research, industry analysis, consulting & training firm, focused on engineering and industrial software markets (IoT, BIM, PLM, CAD/CAM/CAE, GIS).
We provide in-depth market intelligence and analysis, either in the form of licensed data services or custom consultancy projects, based on our comprehensive, consistent and multi-perspective datasets containing detailed information on software investment by country, industry and provider, and on the size of potential user communities. Executives rely on Cambashi for qualified, impartial intelligence for better plans & strategies and to align internal resources, capabilities, and product planning.
We apply our extensive industry knowledge to each client's unique situation and datasets can be customized to reflect your view of the market.
Our research also informs our unique suite of world class online industry training courses, which provides a comprehensive introduction to manufacturing and the various manufacturing industries.
About intrinSIM
intrinSIM was launched in January of 2010 to accelerate the growth of the Engineering Software market leveraging a unique technology broker model, Engineering Software market domain knowledge and a network of Technology Partners, Services Partners, and Resources to bring the right people, services, data, and technologies to bear at the right time to overcome the gaps and incompatibilities between business, route to market and technology. intrinSIM has already worked with over 100's of companies spread across the world in the Engineering Software market in a variety of roles and activities related to Connecting Worldwide Business & Technology. intrinSIM is also a Founding Sponsor of the ASSESS Initiative and has an active leadership role in the ASSESS Initiative. For more information, visit the intrinSIM web site at www.intrinsim.com.
Media Contact:
Dawn Fontaine
Ripple Effect Communications
Tel: 617-536-8887
Email: [email protected]
Corporate Contact:
Cambashi Ltd
52 Mawson Road, Cambridge CB1 2HY, United Kingdom
Email: :[email protected]
SOURCE: Cambashi