Global Cloud CFD Market 2016-2020
CFD is a tool that analyzes the flow, turbulence, pressure distribution, and interaction of liquids and gases with various structures. It is the science of predicting fluid flow, mass transfer, chemical reactions, and related phenomena. The CFD technology uses computers, computational methods, data of fluid viscosity, and fluid flow rates to simulate the flow of fluids. CFD is mostly used in the automotive, aerospace and defense, electrical and electronics, and energy industries for study related to thermal, acoustic, and air turbulence.
Technavio’s analysts forecast the global cloud CFD market to grow at a CAGR of 10.73% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global cloud CFD market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of software licenses.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Cloud CFD Market 2016-2020
Technavio recognizes the following companies as the key players in the global cloud CFD market: ANSYS, CD-Adapco, and Mentor Graphics.
Other Prominent Vendors in the market are: NUMECA, FloSolve, Altair, Applied Math Modeling, ESI, and Ceetron.
Commenting on the report, an analyst from Technavio’s team said: “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.
ANSYS, CD-Adapco, Mentor Graphics, NUMECA, FloSolve, Altair, Applied Math Modeling, ESI, Ceetron.