- The key vendors in the CAD market in Canada 2015-2019 are Autodesk Inc., Dassault Systèmes, PTC and Siemens PLM Software
London, 05 June 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the CAD market in Canada 2015-2019. The demand for integrated mechanical computer-aided design (MCAD) and electronic computer-aided design (ECAD) software, and CAD with other PLM software is increasing in recent times. The cloud-based CAD solutions are also gaining prominence among several end-users, while the use of 3D printers for CAD designs is expected to surge in the future. The CAD market in Canada is estimated to grow at a CAGR of 5.18% during the forecast period of 2014-2019.
The presence of many international CAD solution providers and value-added resellers in Canada has boosted market growth. These vendors provide CAD solutions to several industries. Canada has a rising demand for CAD software from industries such as aerospace and defense, automotive, and industrial machinery.
“Vendors are incorporating additional features and functionalities in their solutions to improve customer experience,” says Faisal Ghaus, Vice President of Technavio Research.
“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.”
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.
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