Computer-Aided Design Market Size , Share , Trends , Analysis and Forecasts To 2021
Market Research analysts forecast the global CAD market to grow at a CAGR of 10.16 % during the period 2017-2021
The following companies as the key players in the global CAD market : Autodesk , Dassault Systèmes , PTC , and Siemens PLM Software .
Other Prominent Vendors in the market are : Menhirs NV , Encore Software , Stratasys , Graebert , SolveSpace , and TurboCAD .
Commenting on the report , an analyst team said : One trend in market is shift toward 4D CAD . Endusers are gradually shifting from 3D to 4D CAD models . Globalization has intensified the competition among CAD solution vendors . The absence of product differentiation adds to the battle for maximum market share . Vendors are incorporating additional features and functionalities in their solutions to improve customer experience . CAD providers are developing 4D CAD solutions for enhanced operational performance and improved project execution strategies to improve the constructability and sequencing of construction schedules using granular level information . These kinds of solutions facilitate the effective management of resources while adhering to project schedules
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According to the report , one driver in market is high adoption of cloud-based CAD in APAC . The availability of cloud-based services has increased in APAC . Industries are focused on reducing PLM adoption costs , which gives rise to the popularity of cloud-based PLM software . Various PLM service providers are implementing the technology on the cloud . Wipro is providing cloud-based PLM services for the Siemens PLM Software , Teamcenter . Its cloud-based PLM services help electronics and semiconductor manufacturing companies deploy Teamcenter on the cloud . This deployment through infrastructure as a service ( IaaS ) helps end-users reduce upfront costs and total cost of ownership ( TCO ).
Further , the report states that one challenge in market is need for professional training and high cost of training . CAD software solutions involve advanced features , more functionalities , and compatible features . Since these are complex solutions , proper technical training is needed for their optimal utilization in any organization . Professionals also need adequate training to implement any upgrades in the existing system . The training and product costs of these solutions are very high . This often discourages companies from investing in CAD and instead compel them to opt for counterfeit or open source CAD software with a cost advantage .