Feb. 7, 2013
/PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
Global CAD and Modeling Software Market
The global CAD and modeling software market focuses on the opportunities driving this mature market. Growth drivers such as infrastructure development in emerging regions and improved productivity of users via better data sharing and collaboration, and improved workflow efficiency continues to be Important to advanced CAD users have been factored into the seven year forecast of this market. The study also highlights important restraints such as the challenge of penetrating emerging regions and the delay introduced by the implementation of end-to-end software solution such as product life cycle management.
•The computer aided design (CAD) and modeling software market is expected to reach $xx million by 2018, with a compound annual growth rate (CAGR) of xx percent from 2011 to 2018.
•The top three growth factors expected to drive revenue growth in this market are:
Higher productivity and work-flow efficiency requirements driving new technology adoption, including Product Life Cycle Management, Building Information Modeling, and the advent of cloud computing, tablet PCs, and direct modeling
Growth in emerging markets driving demand for CAD software in many verticals, such as construction and manufacturing
New product functionalities such as optimization and visualization driving the pace of product development and upgrades in more mature market segments
•The top three restraints to revenue growth in this market are:
CAD product replacement latency due to market maturity and hesitation to commit to capital expenditures during current economic conditions
Difficult market penetration for smaller vendors due to a lack of native support for increasingly essential functionalities
A lack of sophistication in production workflows in emerging markets, causing a delay in solution implementation