London, 13 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the CAD market in Italy 2015-2019, which is estimated to grow at a CAGR of 3.12% during the forecast period of 2014-2019.
Technavio predicts an increased use of CAD solutions by SMEs, and also the likely entry of new original software providers into the market. These providers would roll out their products through resellers/VARs or system integrators due to their lack of market presence and brand visibility.
CAD market is projected to grow because of the rising demand for customized CAD solutions from the retail and apparel, pharmaceuticals, and biotechnology industries. The system integrators and resellers/VARs will provide these customized CAD solutions, thus leading to greater sales revenues.
“High demand for product customization has fueled a concomitant rise in the demand for CAD solutions across industries,” says Faisal Ghaus, Vice President of Technavio.
“Product customization also leads to the creation of a single bill for materials that can be used once or multiple times depending on the end-user’s requirements.”
Key Market Drivers
- Increased Product Recalls in Automotive Industry
- Need for High ROI
- Increase in Mass Customization
Key Market Trends
- Move toward Subscription-based Model
- Shift toward 4D Models
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%…
