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Research shows growth in spending for technical applications software

14 December 2012

Cambashi's latest industry research shows a healthy growth in spending for technical applications software generally but notes some concern with the Eurozone.

The findings are included in the Cambashi Country Observatory for the third quarter of 2012, which is currently available as a stand-alone report or as part of the Q3 2012 Cambashi Market Observatories.  The technical applications covered in the research include architecture, engineering and construction (AEC) and manufacturing (CAD/CAM/CAE and PDM/PLM) software applications.

While the BRIC countries of Brazil, Russia, India and China continue with strong growth, a second generation of emerging nations is also making good progress.  These are the so-called CIVET countries of Colombia, Indonesia, Vietnam, Egypt and Turkey, who are growing at a rate similar to the North American market (US, Canada and Mexico).  While CIVET is still a small market (just over 4 percent of the overall North American market), the research identifies opportunity for continued growth in these areas.

Growth in the 17 nations included in the Eurozone* has been impacted by industrial contraction in Spain, Italy and Greece, which has lowered the overall figure in this region.  Because of this, Cambashi notes that the Eurozone should be considered as two distinct areas – North and South.  

“Currently most indices show manufacturing and construction activities in continuing recession in the US and Europe with a mixed picture in other regions,” noted Tony Christian, Director at Cambashi. “However, there is a widespread realisation that survival and restoring growth requires increased productivity and advanced design which is putting pressure on companies to continue investing, albeit cautiously, in technical applications.”

The Cambashi Market Observatories provide a four-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 releases of 2012 bring the Observatories up to date with the very latest market forecasts and company reports.

Countries of the Eurozone are Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia and Spain.


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