This market research report presents a detailed analysis of key vendors in the global cloud CFD market, including ANSYS, CD-Adapco, and Mentor Graphics. It also provides a comprehensive analysis of the key drivers and trends that influence market growth and segments the market by geography, which includes regions like the Americas, APAC, and EMEA.
Outlook of the global cloud CFD market
market research analyst anticipates the global market for cloud CFD to grow at a CAGR of almost 11% by 2020. Recently, it has been noted that with the growth in cloud services, the demand for data centers has increased considerably.
Computational fluid dynamics (CFD) is widely used for thermal modeling in data centers as it helps in identifying hot spots with lesser air flow and in analyzing the effectiveness of cooling in the data center racks by providing a 3-D analysis of cold air movement. Additionally, areas that obtain more cooling than required can be easily identified using CFD.
The growth of R&D in aerospace and defense industry is a key trend impelling this market’s growth prospects over the next few years. Extensive market research carried out by the analysts at Technavio has shown that the aerospace and defense industry is the largest end-user of cloud CFD.
One significant trend in the industry is the emergence of many SMEs. Though their revenues and sizes are lesser compared to larger companies such as Raytheon, Lockheed Martin, or Boeing, their achievements in the past two to three years has gained them an excellent position in the aerospace and defense industry.
Competitive landscape and key vendors
This market is highly fragmented and consists of major players like ANSYS and CD-Adapco and smaller players such as Ceetron and Applied Math Modeling. In this market, most companies focus on continually innovating products.
With the addition of each version, the company incorporates new code-solving methods and analysis.
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