Cambashi Industry News, Q4, 2022 #Engineering #Software #Database
Engineering Software Update
Cambashi has just released an update of the Engineering software database. The data now factors in the current economic turmoil and predicted recession for 2023.
Key market challenges:
• CPI Inflation forecast in the eurozone for next year has risen by 2.2ppts to 4.3% (Source: Oxford Economics, October 2022).
• Consumer income will fall and business costs will rise. (especially in G7 economies)
• Global supply chain issues remain.
The Great Energy Transition – Meeting the Challenges
Given the relationship between energy prices and economic growth, recovery from the pandemic is going to suffer. European nations must improve their energy security — and accelerating their energy transition will be a crucial strategy in achieving this. For anyone selling into the utilities industry it`s import to understand the industry challenges — read the full article “The Great Energy Transition – Meeting the Challenges or find more information across a variety of industries – Access Cambashi’s Industry Insights Demonstration.
Cambashi expects the growth of the CAD/CAM/CAE/PLM software market to slow as a result of the forecast reduction in global GDP growth in 2023.
Our most recent forecast, shown in RED, was corrected according to the predicted recession for 2023.
Even during the worst lockdown periods caused by the COVID pandemic, CAD/CAM/CAE/PLM revenue growth remained positive – and then rebounded quickly to around 10%. These software markets have proven to be resilient against economic downturns in the past, but this varies by segment, product, country, and industry.
Want to learn more? We would be happy to arrange a half an hour briefing with our market expert.
Meantime, still, a big market driver is the focus on sustainability and PLM should be seen as a key enabler, linking disciplines, technologies, and value networks to optimise products for a circular economy.
Sustainability is still one of key market drivers
Cambashi covers the software market for design, creation, and operation of products and infrastructure, and many providers in this arena are showing increasing signs of how important sustainability is for them and their customers, which is a big driver and forming a key pillar in the marketing and product strategy of the leading vendors. While at the same time the global financial and geo-political environment is holding back investments in certain projects.
Read more about practical examples showing how software can help in our recent Autodesk University 2022 report or about other “Factors that drive innovation and adoption in engineering software market”.
BIM software market shows resilience to grow to $17.6bn in 2023
All BIM Design, Construct and Operate software segments still represent an attractive sector to providers and investors alike. Many factors are both driving and constricting growth in the BIM software market.
BIM Construct, as a less mature market that is still developing quickly, is expected to grow much faster than the other phases, at around 15%. BIM Design and BIM Operate are more mature segments, where we see the highest market penetration and where most BIM software revenue is currently generated. We expect these to grow more conservatively than BIM Construct.
Find more market analysis in Cambashi’s BIM software market report, November 22 release.
Occupations employed by industry
Cambashi Employment database contains detailed information on the size of potential user communities for engineering software (BIM, CAE, PLM, CAD/CAM, etc.) and shows how these categories break down into 120 different occupations. For example, the data shows that worldwide, there are a total of 292 million people employed in AEC industries directly, or in AEC-related occupations in other industries. This represents a significant potential opportunity for makers of BIM software. Learn more in Cambashi’s BIM software market report. The composition of these 292 million people is key to understanding where the opportunity lies and the potential for software growth.
