London, 28 November 2014 – TechNavio, a tech-focused research firm has published a new report on the Global MCAD Software Market, which is expected to grow at a CAGR of 10.81 percent from 2014-2018.
The new report indicated that increased popularity of cloud-based MCAD software will be a trend to watch in this market over the projected period.
“Many SMEs are turning to cloud-based MCAD software because it is more cost-effective. By hosting the software over the cloud, end-users can significantly reduce their server, maintenance, and physical storage costs and can improve the efficiency of their product development cycle,” says Faisal Ghaus, Vice President of TechNavio.
Additionally, intense competition in the market has led several vendors to incorporate additional features and functionalities into their software, like developing 4D CAD solutions that will increase operational performance.
“4D CAD improves the project execution strategy, thus leading to better constructability and also enables the sequencing of construction schedules with granular level information,” says Ghaus.
“Effective deployment of 4D CAD solutions is also expected to enable effective manageability of resources while staying on track with project schedules.”
The market is also witnessing an increase in the adoption of both ECAD and MCAD software for product design.
TechNavio currently has more than 3000 market research reports on a huge range of topics, including:
Mainstream PLM Software Market in China 2014-2018
https://www.technavio.com/%3Cp%3E%3Cstrong%3EAbout%20TechNavio%3C/strong%…
