- The key vendors in the global 3D CAD market 2015-2019 are Autodesk, Dassault Systèmes, PTC, and Siemens PLM Software
London, 09 November 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global 3D CAD market 2015-2019. The end-users are gradually shifting from 3D to 4D models. CAD providers are developing 4D CAD solutions for enhanced operational performance and better project execution strategies in order to improve the constructability and sequencing of construction schedules using granular level information. The global 3D CAD market is expected to grow at a CAGR of 6.06% during the forecast period of 2014-2019.
The major factor driving the growth of the global 3D CAD market is the increased switching from 2D CAD to 3D CAD by end-users. Vendors prefer 3D CAD for mechanical design as it offers benefits such as reduced product design time, automatic flattening, creation of renderings and animations for design plan reviews, efficient data management, better internal design reviews, and lower product design costs
“M&A transactions in the global CAD market are likely to increase with large companies acquiring medium and small software companies in a bid to boost their global footprint,” says Faisal Ghaus, Vice President of Technavio Research.
“Siemens PLM will engage in M&A transactions in future to expand its product portfolio and boost revenues from the CAD and the global PLM market.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global 3D CAD Market 2015-2019, please send an e-mail to media@TechNavio.com
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