TechNavio recognizes the following companies as the key players in the CAD Market in the APAC Region: Autodesk Inc., Bentley Systems Inc., Dassault Systèmes SA, PTC, and Siemens PLM Software Inc.
Commenting on the report, an analyst from TechNavio’s team said: “As a result of the increasing competition among companies for better customer retention and customer satisfaction, there is an urgency to develop high-quality products. Thus, several developing countries across the globe are witnessing increased investment, to meet the domestic and international demand for quality product development. This, in turn drives toward the increased adoption of CAD solutions that enables companies to effectively design products with better quality and accuracy. Thus, several CAD vendors have started to vie for increased market reach to tap into the share of customers. These CAD vendors conduct seminars, participate in industrial exhibitions, have tie-ups with educational institutions, and exhibit their products alongside the products of the machine tool manufacturers. Further, they also conduct road shows in several industrial areas, across the countries in the APAC region. ”
According to the report, the CAD market in the APAC region is experiencing many growth drivers such as the increasing need to develop superior quality products. Many industries such as Civil, Automotive, Industrial Machinery, and Aerospace and Defense use CAD software to develop effective and efficient designs with the utmost ease and accuracy.
Further, the report states that a major challenge in the market is the easy availability of pirated and open source CAD software. The availability of pirated and open source CAD software adversely affects the revenue of CAD software vendors, thereby affecting the overall growth of the CAD market in the APAC region.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/cad-market-apac-region-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-and-automation
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TechNavio Announces the Publication of its Research Report -CAD Market in the APAC Region 2012-2016
