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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