- The key vendors in the CAD market in South Korea 2015-2019 are Autodesk, Dassault Systèmes, PTC and Siemens PLM Software
London, 16 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the CAD market in South Korea 2015-2019. CAD market is estimated 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. The CAD market in South Korea 2015-2019 is expected to grow at a CAGR of 6.20% during the period 2015-2019.
In near future, there is expected to be an increased use of CAD solutions by small and medium enterprises (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. For instance, Onshape, a cloud-based CAD solution provider, partnered with Geometric to sell its cloud-based 3D CAD system in the market.
“End-users are gradually shifting from 3D to 4D models. Vendors are incorporating additional features and functionalities in their solutions to improve customer experience,” says Faisal Ghaus, Vice President of Technavio Research.
“CAD providers are developing 4D CAD solutions for enhanced operational performance and better project execution strategies in order to improve the constructability and sequencing of construction schedules using granular level information.”
To define the market conditions 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.
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