Technavio’s analysts forecast the Computer Aided Design (CAD) Software market in the Asia Pacific (APAC) region to grow at a CAGR of 10.4 percent over the period 2010–2014. One of the key factors contributing to this market growth is the reduced cost of product design and development. The CAD Software market in the APAC region has also been witnessing the emergence of cloud-based CAD software. However, the high training costs and decreasing investment in CAD software could pose a challenge to the growth of this market.
Key vendors dominating this market include Autodesk Inc., Dassault Systèmes SA, Siemens PLM, and Parametric Technology Corp.
Technavio’s Computer-aided Design Software market in the Asia Pacific 2010–2014 report has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report focuses on the APAC region and covers the CAD Software market landscape and its growth prospects. The report also includes a discussion on the key vendors providing CAD software in this market.
Key questions answered in this report:
What will the market size be in 2014 and at what rate will it grow?
What key trends is this market subject to?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the opportunities and threats faced by each of these key vendors?
What are the strengths and weaknesses of each of these key vendors?
Report HighlightsCAD Software Helping to Achieve Significant Design Cost Savings
A recently released report by Technavio, specialists in emerging technologies market research, reveals that the Asia Pacific CAD Software market is expected to grow at a CAGR of 10.4 percent.
The report, which focuses specifically on the Asia Pacific region, indicates that the market is being driven by the significant savings that CAD software can help companies achieve in terms of product design and development.
According to Technavio’s industry analyst, “Product design is the one of the key areas of focus for the manufacturing industry. It is estimated that 80 percent of the entire product cost depends on the product design. The use of CAD software to effectively design components helps to reduce MRO (Maintenance, Repair, and Overhaul) and related expenses during the production cycle.”
The report also highlights that the increasing number of counterfeit products is hindering the growth of this market. However, the increased adoption of CAD software by several industries is expected to keep boosting demand. There is also increasing demand from the MSME sector.
These are just some of the important findings presented in the report that will enable companies to fully understand the potential in this market and formulate their own strategies.
Technavio’s report, CAD Software Market in the Asia Pacific 2010-2014, is based on extensive research conducted with industry experts, vendors, and end-users. It examines the key trends, drivers, and challenges impacting the evolution of this market. The report also contains incisive insights and SWOT analyses regarding the key vendors in this market, including Autodesk Inc., Dassault Systèmes SA, Siemens PLM, and Parametric Technology Corp.
For further information and to obtain your copy of this report, please visit www.technavio.com
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