Cambashi predicts V-shaped recession for technical application software

Research findings forecast investment in technical software to rally following sharp decline in 2009

Cambashi, based in Massachusetts USA and Cambridge UK, provides independent research and analysis of the business reasons for use of IT in industry, world-wide. Its specialist fields include engineering and enterprise applications and the infrastructure to enable industrial firms to use IT effectively.  Read the complete Cambashi press release

Synopsis of Cambashi Findings

• Future growth in global expenditure on software for technical applications (AEC, GIS, CAD/CAM/CAE, PDM/PLM).
• Demand for technical applications software is set for a marked increase following the predicted slump in 2009.
• Four of the top ten countries are from the emerging nations of South America with China and India maintaining a strong position.
• With government support in Europe and the USA for major infrastructure programmes (e.g. renewable energy), the prospect for growth in this market space is also considered to be good.