TechNavio recognizes the following companies as the key players in the CAD Market in China: Autodesk Inc., Bentley Systems Inc., PTC, and Siemens AG.
Commenting on the report, an analyst from TechNavio’s team said: “Cloud computing technology is becoming popular among organizations, as it offers huge space for data storage, provides flexibility, and enables scalability. Hence, several CAD solution vendors have started developing cloud-based CAD solutions. This pay-per-use model of the CAD solution reduces the overall cost of adopting the software. Moreover, several users can remotely access cloud-based digital manufacturing software solutions at any time or in any place. Furthermore, the features of cloud-based digital manufacturing software can be scaled up more easily. Hence, the Global CAD Software market is witnessing an emerging trend where many vendors are developing cloud-based CAD solutions to meet the demands of the end-users.”
According to the report, the CAD market in China is driven by many growth factors. The need to reduce product development time is one of the major drivers in the CAD market in China. The increased demand in industries such as Automotive, Aerospace and Defense, and Industrial Machinery has led to an increase in CAD adoption rates in China.
Further, the report states that the availability of open-source CAD software is one of the major challenges in the CAD market in China. Many open-source CAD software solutions such as BRL-CAD and FreeCAD that are present in the market are posing a major threat to commercial CAD software vendors.
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/cad-market-in-china-2014-2018
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 – CAD Market in China 2014-2018
