India Booming Market for Engineering Software - Cambashi
 CAMBRIDGE,
UK, Feb 14, 2008 - According to the latest figures released by engineering
and enterprise IT applications market research and analysis consultants,
Cambashi, in 2007 the Indian market for engineering applications software
grew 31% to US $186m (7.7 Bn INR). Cambashi expects growth to continue at
similar rates to the end of the decade with the market growing to over US$
400m (16.5 Bn INR) in 2010.
Following India’s rise as an outsourced services center for software
development, the ready availability of well trained engineers of all
disciplines is now creating a new boom for engineering services. In some
cases, Western headquartered companies have set up engineering centers. In
other cases, local firms such as Tata are bidding for outsourced engineering
contracts. These developments are driving demand for engineering software to
make India one of the fastest growing markets worldwide.
All engineering disciplines involved
Today, most projects involve mechanical and civil engineering but highly
skilled engineers in all disciplines are available and specialist design
services of all types are already on offer.
While full product design services are offered, currently most projects
are concerned with drafting and detailing of outline designs.
Today, engineering software is often provided by the outsourcing clients
but these shifts in the types of project are likely to increase the local
purchase of software. Cambashi predicts that Indian growth will outpace the
region’s growth for the rest of the decade.
Allan Behrens, Business Development Director at Cambashi, comments: “At
the recent COFES India conference I realized the vast diversity of skills
that India offers. With a growing middle class we recognize that India’s
contribution to the worldwide engineering applications software community
will be a major factor in the next few years.”
Indian engineering software development
Nearly all the global engineering software providers develop some parts
of their portfolio in India. Some of these operations come from
acquisitions, others were started from scratch. The best-known Indian
engineering applications software developer is GSSL. They have a joint
venture with Dassault Systems, some products of their own, and provide
outsourced software development services to most major global providers.
There is a long history of Indian surveying and map production, going
back to the British East India Company – The Survey of India is the oldest
scientific department of the Government of India, dating back to 1767. Hence
there is a well-developed Indian geospatial community, offering services to
both global and Indian clients. As well as spatial encoding, Indian
developers provide many low-cost or add-on tools that turn GIS technology
into geospatial applications.
Indian developers have been active in structural engineering applications
since the early 1980’s. Bentley Systems’ purchase of STAAD from REI shows
that global providers recognize that these applications are world class.
Indian companies acquiring overseas
There is a recent trend for Indian companies to acquire Western companies
in manufacturing areas such as steel and automotive. Cambashi also sees
Indian companies buying players in the global engineering applications
market. Infosys acquired geospatial specialist Dataview and Tata Industries
acquired mechanical engineering specialist INCAT. Cambashi believe these are
just two examples indicating the beginning of a trend.
About Cambashi
Cambashi, based in Cambridge, provides independent research and analysis
of the business reasons to 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. Cambashi
publishes market size estimates in the Engineering Applications Market
Observatory. Its clients vary in size from small to large and include most
of the leading software vendors and many pioneering IT users. Cambashi is a
member of CATN, an international association of consultants. For more
information visit at www.cambashi.com.
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Source: Material used in press releases is often supplied by external
sources and used as is.
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