Engineering Software Up 8% in 2007 for Africa - Cambashi
CAMBRIDGE, UK, Mar 26, 2008 - According to the latest research figures released by engineering and enterprise IT applications market research and analysis consultant, Cambashi, the demand for engineering applications software in Africa in 2007 was worth €108M, an 8% increase over 2006. Cambashi forecasts that by 2010 it will grow to €147M.
Market concentrated in a few countries
Cambashi states that engineering activities tend to be confined to a small number of the more developed African countries. In 2007, South Africa accounted for €54M, half the African demand for all engineering applications software. In manufacturing engineering applications, it accounted for over 70% of all African demand.
In 2007, the North African countries of the Maghreb, many of which are oil rich, accounted for a third of the African demand for all engineering applications software. They also accounted for about 40% of all African demand for architecture, engineering and construction (AEC) applications as their national oil companies increased engineering activities.
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