TechNavio today launched its Global 3D Computer-aided Design (CAD) Market 2011“2015 report based on an in-depth study covering the Americas, and the EMEA and APAC regions. 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; Cloud-based services offer huge data storage, access to subscribed software, and security. These features have led to an increase in the development of cloud-based 3D CAD applications. Cost-effectiveness, easy access, and flexibility are some of the major factors that are driving this trend. Thus, small and medium enterprises (SMEs) prefer cloud-based 3D CAD solutions because there is no need for a huge initial investment. Further, it also enables the end-user to pay per use or on a rental basis, avoiding subscription fees, software licenses, and hardware costs.
According to the report, the increasing need to reduce the development time and cost of products is one of the major drivers for the Global 3D CAD market. There is increased demand for cost-effective quality product development in industries such as Automotive, Aerospace, Electrical and Electronics, and Industrial Machinery. This increases the competition in these industries and thus drives the growth of the Global 3D CAD market.
Further, the report also discusses that the high availability of open source 3D CAD software affects the growth of commercial 3D CAD vendors in the Global 3D CAD market.
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.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/global-3d-computer-aided-design-market-2011…
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TechNavio Announces the Publication of its Report “ Global 3D Computer-aided Design Market 2011“2015
