Advanced Technologies : Cloud CFD Market Globally Expand at a CAGR of 10.73% by 2020

Albany, New York, June 26, 2017 : Recent research and the current scenario as well as future market potential of "Global Cloud CFD Market 2016-2020" globally.

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.

Technavios analysts forecast the global cloud CFD market to grow at a CAGR of 10.73% during the period 2016-2020.

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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:
Americas
APAC
EMEA

Technavio's report, Global Cloud CFD Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
ANSYS
CD-Adapco
Mentor Graphics

Other prominent vendors
NUMECA
FloSolve
Altair
Applied Math Modeling
ESI
Ceetron

Market driver
Need for cloud CFD to convert capex to OPEX
For a full, detailed list, view our report

Market challenge
Lack of knowledge about CFD potential among end-users
For a full, detailed list, view our report

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Market trend
Increase in demand for CFD in battery designing
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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This release was published on openPR.