London, 02 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the CAD Market in Germany 2015-2019, which is estimated to grow at a CAGR of 4.04% during 2015-2019.
Increase in R&D investment by various industries has contributed to the growth of CAD market in Germany. Companies across industries in Germany are investing heavily in R&D to develop new and innovative products in the market. Several vendors are introducing new technologies, and are factoring in customers’ perspective while designing their products. Companies are modifying their planning strategies and production processes, following an in-depth study of customer demand, to boost their revenue.
“Increasing number of vendors in Germany are switching among CAD solutions. The trend is especially noted among the large-scale end-users; they shift from one CAD solution to another, owing to compatibility issues,” says Faisal Ghaus, Vice President of Technavio.
Key Market Drivers
- Increased R&D Investment
- Accurate Designing and Time Reduction
- Improved Focus of Vendors
Key Market Trends
- Switch in Adoption of CAD Solutions
- Development Innovative Automobiles and Components through CAD
- Printing 3D CAD Designs using 3D printers
- Rise in Use of Cloud-based CAD Solutions
Key Market Vendors
- Autodesk Inc.
- Dassault Systèmes SA
- PTC
- Siemens PLM Software
To define the market circumstances 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.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
