DUBLIN, Apr. 22, 2014 /PRNewswire/ --Research and Markets (http://www.researchandmarkets.com/research/pf9txp/cad_market_in) has announced the addition of the "CAD Market in China 2014-2018" report to their offering.
The analysts forecast the CAD market in China to grow at a CAGR of 12.51 percent over the period 2013-2018. One of the key factors contributing to this market growth is the need to reduce product development time. The CAD market in China has also been witnessing the development of cloud-based CAD solutions. However, the open source CAD software could pose a challenge to the growth of this market.
The report for the CAD Market in China 2014-2018 has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the CAD market in China's landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Cloud computing technology is becoming popular among organizations, as it offers huge space for data storage, provides flexibility, and enables scalability. Hence, several CAD solution vendors have started developing cloud-based CAD solutions. This pay-per-use model of the CAD solution reduces the overall cost of adopting the software.
Moreover, several users can remotely access cloud-based digital manufacturing software solutions at any time or in any place. Furthermore, the features of cloud-based digital manufacturing software can be scaled up more easily. Hence, the Global CAD Software market is witnessing an emerging trend where many vendors are developing cloud-based CAD solutions to meet the demands of the end-users.
According to the report, the CAD market in China is driven by many growth factors. The need to reduce product development time is one of the major drivers in the CAD market in China. The increased demand in industries such as Automotive, Aerospace and Defense, and Industrial Machinery has led to an increase in CAD adoption rates in China.
Further, the report states that the availability of open-source CAD software is one of the major challenges in the CAD market in China. Many open-source CAD software solutions such as BRL-CAD and FreeCAD that are present in the market are posing a major threat to commercial CAD software vendors.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
06. Market Landscape
07. Market Segmentation by End-users
08. Buying Criteria
09. Market Growth Drivers
10. Drivers and their Impact
11. Market Challenges
12. Impact of Drivers and Challenges
13. Market Trends
14. Trends and their Impact
15. Vendor Landscape
16. Key Vendor Analysis
17. Other Reports in this Series
- Autodesk Inc.
- Bentley Systems Inc.
- Parametric Technology Corp.
- Siemens AG.
- CAXA Technology Co. Ltd.
- Dassault Systèmes SA
- Suzhou Gstarsoft Co. Ltd.
- ZWSoft Co. Ltd.
For more information visit http://www.researchandmarkets.com/research/pf9txp/cad_market_in
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SOURCE Research and Markets