DUBLIN, August 19, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Cloud CFD Market 2016-2020" report to their offering.
The report forecasts the global cloud CFD market to grow at a CAGR of 10.73% during the period 2016-2020.
One of the key trends for market growth will be increase in Research & Development in aerospace and defense industry. The aerospace and defense industry is the largest end-user in the global cloud CFD market. One major trend in the industry is the emergence of many SMEs. Though they are smaller in terms of revenue and size compared to larger companies such as Raytheon, Lockheed Martin, or Boeing, their achievements in the past two to three years has gained them a good position in the aerospace and defense industry.
According to the report, increase in number of data centers will be a key driver for market growth. With the growth in cloud services, the demand for data centers has increased considerably. The worldwide spending on public cloud services will be $200 billion in 2016, which will be approximately a 15% increase compared to the previous year. The space occupied by data centers was approximately 1.6 billion square feet in 2014, and it will increase to approximately 2 billion square feet by 2019. This will lead to a greater demand for CFD from data centers.
Further, the report states that one of the major challenges faced by the global cloud CFD market is the lack of knowledge and awareness among end-users about the developments in CFD. The following are issues that CFD faced in the past. The latest versions of the software helped overcome such issues.
- Mentor Graphics
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: PLM market overview
PART 06: Role of PLM in product development
PART 07: Overview of CAE
PART 08: Market landscape
PART 09: Geographic segmentation
PART 10: Key leading countries
PART 11: Market segmentation by end-user
PART 12: Buying criteria
PART 13: Market drivers
PART 14: Market trends
PART 15: Market challenges
PART 16: Vendor landscape
PART 17: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/tpgngc/global_cloud_cfd
Laura Wood, Senior Manager
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SOURCE Research and Markets