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Growth Seen for Global CAD and Modeling Software Market
APAC market predicted to have fastest increase

Falls Church, VA., February 24, 2013  -- Market Analyst, LLC, a value-added distributor of market research reports and business information, announced today that the worldwide market for CAD and modeling software,  though mature, will continue to grow till 2018.

According to a research added by Market Analyst to its research portfolio the main drivers of this market are: higher productivity and work flow efficiency which requires adoption of new technology; growth in emerging markets, which is spurring demand for CAD software in a number of verticals; and optimization and visualization of new product functionalities in more mature market segments. The research by Frost & Sullivan is titled “Global CAD and Modeling Software Market” 

The study highlights the main restraints to market’s growth as: rapid replacement latency of CAD products due to market maturation which keeps the vendors from committing capital; difficulties faced by smaller vendors in penetrating the market; and lack of sophistication in emerging markets in production overflows, which delay solution implementation.

The study gives special emphasis to the Asia- Pacific region as it is expected to see the fastest growth rate. It compares the driving factors in the mature CAD markets and the niche markets. It also examines which types of vendors are best positioned to gain market share and how the market structure is expected to change over the next several years. 

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