TechNavio recognizes the following companies as the key players in the CAD Market in North America: Autodesk Inc., Dassault Systèmes SA, PTC, and Siemens PLM Software Inc.
Commenting on the report, an analyst from TechNavio’s team said: “Cloud computing technology is becoming increasingly popular among organizations because it offers huge data storage space, provides flexibility, and enables scalability. Hence, several CAD solution vendors have started developing cloud-based CAD solutions. The pay-per-use model also reduces the overall cost of CAD software adoption. Moreover, several users can remotely access cloud-based digital manufacturing software solutions at any time and in any place. Furthermore, cloud-based digital manufacturing software can be scaled-up with features easily. Hence, the CAD market in North America is witnessing an emerging trend where numerous vendors are increasingly developing cloud-based CAD solutions to meet the huge demand from end-users.”
According to the report, in today’s competitive business environment, on-time delivery of products is an important factor for companies. Enterprises have to delay product launches or delay delivering products on-time when suppliers delay the manufacturing and delivering of semi-finished products. However, the time required for product delivery can be drastically reduced if efficient CAD software is in place and if it is optimally utilized. Thus, the effective deployment of CAD software enables the streamlining of manufacturing operations and processes, which enables a faster response to ever-changing business requirements. This therefore paves the way for the development of better-quality designs that help in the seamless manufacturing of products. This in turn leads to faster and on-time delivery of quality products.
Further, the report states that with the increase in technological reach, several open-source and pirated CAD solutions have begun to compete with commercial CAD solutions. These open-source software products can be downloaded and be made to run on all platforms. As the cost of purchasing and licensing CAD software products is high, several micro and small-scale enterprises, individual users, and educational institutions prefer open-source software products. This reduces the cost for companies and individual users. Thus, the increasing availability of several open-source and pirated CAD software solutions poses a threat to the CAD market in North America.
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-north-america-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
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report -CAD Market in North America 2012-2016
