While the BRIC countries of Brazil, Russia, India and China continue with strong growth, a second generation of emerging nations is also making good progress. These are the so-called CIVET countries of Colombia, Indonesia, Vietnam, Egypt and Turkey, who are growing at a rate similar to the North American market (U.S., Canada and Mexico). While CIVET is still a small market (just over 4% of the overall North American market), the research identifies opportunity for continued growth in these areas.
Growth in the 17 nations included in the Eurozone* has been impacted by industrial contraction in Spain, Italy and Greece, which has lowered the overall figure in this region. Because of this, Cambashi notes that the Eurozone should be considered as two distinct areas – North and South.
“Currently most indices show manufacturing and construction activities in continuing recession in the U.S. and Europe with a mixed picture in other regions,” noted Tony Christian, Director at Cambashi. “However, there is a widespread realization that survival and restoring growth requires increased productivity and advanced design which is putting pressure on companies to continue investing, albeit cautiously, in technical applications.”
The Cambashi Market Observatories provide a four-way view on the AEC, CAD, CAM, PLM, CAE and GIS application software market by country, industry, economic activity and product line. The third quarter releases of 2012 bring the Observatories up to date with the very latest market forecasts and company reports.
*Countries of the Eurozone are Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia and Spain.
Cambashi, a leading global industry analyst and market consulting firm, prides itself on delivering compelling insights on the use of IT to address critical business issues in manufacturing, process, distribution, energy, utilities and construction industries. Cambashi’