TechNavio today launched its Global 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 the future landscape of the market.
Commenting on the report, an analyst from TechNavio™s Engineering Services team said, Cloud-based CAD solution is sensed to be very advantageous for small and medium-sized enterprises. Cost effectiveness, easy accessibility, and flexibility are some of the major factors that are contributing to their increased adoption of cloud-based CAD Solutions. Another major factor is that they are very popular among SMEs, which prefer them because they significantly cut down the initial investment needed. Users can also pay per use or on a rental basis as opposed to paying for subscription fees, software licenses and hardware costs as in the case of commercial CAD software.
According to the report, CAD has been increasingly adopted across various industries such as the Automotive sector, Aerospace sector and Architecture, Engineering and Construction (AEC) sector.
The report also reveals that the availability of open source CAD software negatively affects the growth of the commercial CAD vendors in the Global 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-computer-aided-design-market-2011-2015
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TechNavio Announces the Publication of its Report “ Global Computer-aided Design Market 2011“2015
