TechNavio today launched its report Computer-aided Design Market in the APAC Region 2011-2015 based on an in-depth study focusing exclusively on the APAC region. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Engineering team said; ”The increased availability of cloud-based Computer-aided Design (CAD) software is a major trend in the CAD market in the APAC region. Cloud-based services offer huge data storage and provide remote access to subscribed software. Cost effectiveness, easy access, and flexibility are some of the major benefits of using cloud-based technology and its growing popularity has led to an increase in the development of cloud-based engineering software applications. Hence, small and medium-sized enterprises (SMEs) opt for cloud-based CAD software solutions as they do not require huge initial investment. Further, cloud technology allows the user to pay per usage or on a rental basis, thus eliminating the subscription fee, and software license and hardware costs. In addition, many multinational CAD vendors have started offering cloud-based servicers.”
According to the report, the increased outsourcing of CAD to the APAC region is one of the major drivers for the CAD market in the APAC region. Countries such as China and India provide low-cost labor with good design skills, thereby reducing the overall cost much more than in other regions. Hence, many developed countries such as the UK, Germany, and the US outsource their CAD work to the APAC region with a view to cutting down the overall cost of products, which will help them remain competitive in the market.
Further, the report also discusses that the availability of open-source CAD software is one of the major challenges in 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 players. For further information on this report, please visit https://www.technavio.com/content/computer-aided-design-market-apac-regio…
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For more information on our Engineering reports, please visit https://www.technavio.com/engineering-software
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TechNavio Announces the Publication of its Report – Computer-aided Design Market in the APAC Region 2011-2015
