London, 13 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the CAD market in the US 2015-2019, which is expected to grow at a CAGR of 4% during 2015-2019.
The market for CAD services in the country is calculated based on the fee charged by the vendors in providing consulting and training services, and maintenance and technical support.
“The presence of many international CAD solution providers and VARs in the US, including Autodesk, Dassault Systèmes, PTC, and Siemens PLM Software, contributes to the growth of the market,” says Faisal Ghaus, Vice President of Technavio.
“Optimal utilization and deployment of CAD software increases the operational efficiency of a product. It decreases the costs involved and improves productivity, performance, brand value, and goodwill of a company by effectively and accurately meeting customer requirement on time.”
Key Market Drivers
- Increased Investment in R&D
- Rise in M&As between VARs
- Reduced Product Development Time and Cost
- Acquisition of Cloud-based Platform Providers by Original CAD Solution Providers
Key Market Trends
- Adoption of CAD with Augmented Reality
- New Product Development
- Development of Cloud-based CAD Solutions
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%…
