LONDON--(BUSINESS WIRE)--Technavio has published a new report on the global computational fluid dynamics (CFD) market, which is expected to grow at a CAGR of over 13% from 2015-2019.
About the Report
According to the latest report by Technavio, companies across various industries require speed, agility, and control in design cycles. Simulation and testing are the two important functions in the design cycle, using which end-users are able to achieve faster time-to-market and profitability. However, these solutions require high-performance computing systems with the capability of processing a large volume of data.
“Companies like IBM are providing high-performance computing systems in the cloud as well as on premise, such as IBM platform computing, which use CFD applications for simulation and testing of products,” says Faisal Ghaus, Vice President of Technavio.
The latest report by Technavio also emphasizes the demand for special-purpose CFD software as every industry has unique, customized process functions.
“The availability of application-specific CFD will lead to higher demand for CFD, as different applications require different CFD solutions. This high demand for CFD will boost market growth in the forecast period,” adds Ghaus.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and growth prospects of the global computational fluid dynamics market from 2015-2019. To calculate the market size, the report considers revenue generated from the sales of CFD software licenses and services.
Key Information Covered in the Report:
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Key Vendors:
- ANSYS
- CD-adapco
- Dassault Systèmes
- Mentor Graphics
- Exa
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Market Growth Drivers:
- Availability of high-performance computing systems
- For a full detailed list, view our report.
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Market Challenges:
- Availability of open-source CFD
- For a full detailed list, view our report.
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Market Trends:
- Demand for application-specific CFD
- For a full detailed list, view our report.
Technavio currently has more than 3000 market research reports on a huge range of topics, including 300+ reports on the CFD market:
- CFD Market in the APAC Region 2015-2019
- Global CFD Market in the Electrical and Electronics Industry 2015-2019
If you are interested in more information, please contact our media team at media@technavio.com.
