TechNavio today launched its report Global Computational Fluid Dynamics Market in the Industrial Equipment Industry 2011-2015 based on an in-depth study covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Engineering team said; ”Cloud computing technology is becoming popular among organizations because it offers huge space for data storage, flexibility, and scalability. Thus, with the advent of the cloud computing technology, vendors are developing cloud-based computational fluid dynamics (CFD) software in the pay-per-use model, which significantly reduces the overall cost of the software. Moreover, several users can remotely access cloud-based CFD solutions at any time from any place. Furthermore, cloud-based CFD software can very easily be scaled up for enhanced usability and flexibility. Hence, the market is witnessing an emerging trend where many vendors are developing cloud-based CFD solutions to meet the demands of their end-users.”
According to the report, one of the main drivers in this market is the need for enhanced product development. Thus, companies in the Industrial Equipment industry are increasingly adopting CFD solutions to develop products with increased performance and operational capability.
Further, the report also discusses that the increasing number of open-source CFD software poses a threat to the adoption of commercial CFD solutions.
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 http://goo.gl/3Sa8v
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TechNavio Announces the Publication of its Report – Global Computational Fluid Dynamics Market in the Industrial Equipment Industry 2011-2015
