Companies within the technical and system software industry are faring as well as the markets in which they operate. Data storage companies are growing while some design software-focused companies are treading water. www.SignalWatcher.com gives traders a unique insight about Autodesk Inc. by registering now at http://signalwatcher.com/ADSK/March262012.php.
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Booming data demand is helping a variety of companies within the technical and system software industry. However, accelerating demand has also increased competition, made releasing new products more essential, put a premium on pricing and attracted new companies to the space. Rapid technology turnover is also an issue companies within the data storage market are contending with.
On the design software side of the industry, continued stagnation in the new housing construction market could pose challenging for companies such as Autodesk Inc. New home construction tumbled again in February by 1.1% but permits rose 5.1% to their highest levels in years suggesting a potential rebound in the coming months.
Moving forward, strong competition will likely remain a headwind for all companies within the industry but growth opportunities are out there. Companies capitalizing on or establishing a greater presence in growing markets appear best positioned at this time.
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