TechNavio today launched its report Global Mechanical Computer-aided Design Market 2011-2015 based on an in-depth study covering the Americas, and the EMEA and the 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; ”The Global Mechanical Computer-aided Design (MCAD) vendors are developing interoperability platforms to integrate MCAD with other applications. Integration of MCAD and electronic CAD (ECAD) is one of the emerging trends in the market. Many end-users prefer integrated MCAD and ECAD software which resolves various conflicts in the market. This integrated software reduces product development time and also reduces operating expenses. Therefore, many vendors have started to provide integrated MCAD and ECAD software.”
According to the report, the Global MCAD market is driven by discrete industries such as Industrial Machinery, Automotive, Electronics, and Aerospace and Defense. The market receives massive revenue from Discrete Manufacturing industries. The Global Discrete industry is growing at a rapid rate, which in turn creates more opportunities for MCAD software. In addition, the Global Discrete industry is growing at a faster rate in developing countries than developed countries. The emergence of Discrete industries in developing countries is enhancing the demand for MCAD software.
Further, the report also discusses that the increasing demand for open-source software affects the growth of the commercial vendors in the Global MCAD 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 http://goo.gl/lwXIv
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TechNavio Announces the Publication of its Report – Global Mechanical Computer-aided Design Market 2011-2015
