Lewes, DE -- (SBWIRE) -- 02/07/2017 -- Report forecast the global CAD market to grow at a CAGR of 10.16% during the period 2017-2021.

CAD refers to a software tool used to achieve accuracy in designing and modeling of products and components of an organization. CAD solutions are widely adopted by industries, such as automotive, aerospace and defense, industrial machinery, electrical and electronics, and others. The solutions help end-users develop prototypes of products digitally before the production stage. They also help in the development of industry-specific products.

The report covers the present scenario and the growth prospects of the global CAD market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, one driver in market is high adoption of cloud-based CAD in APAC. The availability of cloud-based services has increased in APAC. Industries are focused on reducing PLM adoption costs, which gives rise to the popularity of cloud-based PLM software. Various PLM service providers are implementing the technology on the cloud. Wipro is providing cloud-based PLM services for the Siemens PLM Software, Teamcenter. Its cloud-based PLM services help electronics and semiconductor manufacturing companies deploy Teamcenter on the cloud. This deployment through infrastructure as a service (IaaS) helps end-users reduce upfront costs and total cost of ownership (TCO).

Further, the report states that one challenge in market is need for professional training and high cost of training. CAD software solutions involve advanced features, more functionalities, and compatible features. Since these are complex solutions, proper technical training is needed for their optimal utilization in any organization. Professionals also need adequate training to implement any upgrades in the existing system. The training and product costs of these solutions are very high. This often discourages companies from investing in CAD and instead compel them to opt for counterfeit or open source CAD software with a cost advantage.

Global CAD Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global CAD market: Autodesk, Dassault Systèmes, PTC, and Siemens PLM Software.

Other Prominent Vendors in the market are: Menhirs NV, Encore Software, Stratasys, Graebert, SolveSpace, and TurboCAD.

Market driver
- Growth of R&D in SMEs in aerospace and defense industry.
- For a full, detailed list, view our report

Market challenge
- Availability of CAD software from open source.
- For a full, detailed list, view our report

Market trend
- Shift from perpetual license model to subscription model.
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 88 pages and 51 Exhibits "Global Computer-Aided Design Market 2017 - 2021" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, PLM overview, Market segmentation by end-user, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor profiles, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-computer-aided-design-market-2017-2021

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