TechNavio recognizes the following companies as the key players in the Global Computer-aided Design Market: Autodesk Inc., Dassault Systemes S.A., Siemens PLM Software Inc., and PTC.
Commenting on the report, an analyst from TechNavio’s Enterprise Computing team said: ”With increasing competition among companies for better customer retention and customer satisfaction, there is a growing need to develop high-quality products. Thus, several developing countries are witnessing increasing investments from local and global vendors for the procurement of CAD software for product development. This has resulted in the increased adoption of CAD solutions that enables manufacturers to effectively design products with better quality and accuracy. Thus, several CAD vendors have started to conduct seminars, participate in industrial exhibitions, and enter into tie-ups with educational institutions to exhibit their products for prospective customers in the engineering industries. Further, they also conduct road shows in several industrial areas across the APAC region. Thus, aggressive market is a recent trend being witnessed in the Global CAD market.”
According to the report, one of the main drivers in this market is the need for enhanced product visualization. With the increase in customer expectations, companies across several industries are increasingly adopting CAD solutions to develop superior quality products with ease and efficiency.
Further, the report states that one of the main challenges in this market is the requirement for high initial investments for adopting CAD solutions. The high cost of these solutions, coupled with the added cost of training employees to use these solutions effectively, is hindering their adoption in various industries across the globe.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Alibre Design, Aveva Group plc, ESI Group, Intergraph Corp., Nemetschek AG and progeCAD.
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/content/global-computer-aided-design-market-201…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/enterprise-computing
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TechNavio Announces the Publication of its Research Report “ Global Computer-aided Design Market 2012-2016
