Increase in Revenue for Engineering Simulation Provider ANSYS in a Recessionary Year

This IDC update discusses the growth of engineering simulation provider ANSYS and the simulation market in the changing macroeconomic environment. The economic recession has had a negative impact on the growth of the overall product life-cycle management (PLM) applications market. Irrespective of the worldwide economic conditions, engineering simulation software has been in constant demand. Simulation applications help companies reduce design and production cycles on both time and cost coordinates. Simulation tools facilitate firms achieving their innovation targets by digitally imitating real-life conditions for products and by applying complex calculations to determine if the product or an object would succeed in its environment. Simulation tools have also increased the pace of innovation of complex products that require multiple engineering disciplines for their production and operation.