Germany: The Global Military Simulation and Virtual Training Market 2014–2024 forecasts market growth at a CAGR of 3.48 per cent (as per study conducted by RnRMarketResearch.com). And as per marketsandmarkets.com, the global healthcare/medical simulation market, which was valued at USD 790.1 million in 2012, is poised to grow at a CAGR of 19.6 per cent in the forecast period to reach USD 1930.5 million by 2017. Little wonder that medical simulation is one of the major attractions at the ongoing military training, education and simulation conference, ITEC 2014. Experts from military, industry and academia came together to discuss their experiences, critical new technologies, research carried out in this area, and developments in healthcare. Representatives from NATO shared their experiences with people, and explained how the training has helped the forces in saving lives of their colleagues operating in warzone.
The day also saw experts debate over a number of issues. While some talked about the importance of good DEMs, others focussed on the challenges of interoperability and standards. Meanwhile, the exhibition arena witnessed a hectic day of activities with exhibitors like Bohemia carrying out live demos of their simulation capabilities before the people. Companies like CAE together with Rolands & Associates (R&A) demonstrated a 'comprehensive constructive simulation solution' for joint training and wargaming. Similarly, MASA showcased latest versions of its two flagship products: MASA SWORD and MASA LIFE. This year, there are about more than 110 exhibiting organisations at the event.
Source: Our correspondent