TechNavio recognizes the following companies as the key players in the -Global CAD Market in the Civil and Construction Industry: Autodesk Inc., Bentley Systems Inc., Dassault Systèmes SA, Hexagon AB, and PTC.
Commenting on the report, an analyst from TechNavio’s team said: “The increased availability of cloud-based CAD software is a major trend in the Global CAD market in the Civil and Construction industry. Cloud-computing technology provides several advantages to SMEs through its SaaS models. Cloud-based services offer huge data storage and provide remote access to subscribed software. Cost-effectiveness, easy access, and flexibility are some of the major benefits of using cloud-based technology and its growing popularity has led to an increase in the development of cloud-based engineering software applications. Hence, SMEs opt for cloud-based CAD software solutions as they do not require huge initial investment. Furthermore, cloud technology allows the user to pay per usage or on a rental basis, therefore eliminating the subscription fee, and software license and hardware costs. In addition, many multinational CAD vendors have started offering cloud-based services.”
According to the report, the Global CAD market in the Civil and Construction industry is driven by many growth drivers, including the increasing complexity of infrastructure projects. Complex construction projects such as those in the Oil and Gas industry, multistory commercial buildings and the construction of submarines have significantly proved the need for CAD software.
Further, the report states that the availability of open-source CAD software is one of the major challenges in the Global CAD market in the Civil and Construction industry. Many open-source CAD software vendors in the APAC region are proving to be stiff competition for commercial CAD software vendors and their products are not that different in terms of features and applications.
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 vendors. For further information on this report, please visit https://www.technavio.com/report/global-cad-market-civil-and-construction…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-and-automation
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TechNavio Announces the Publication of its Research Report -Global CAD Market in the Civil and Construction Industry 2014-2018
