DUBLIN, April 26, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global CAD Market for VARs 2015-2019" report to their offering.
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High R&D investment across EMEA, APAC, and Americas by both, government, and private industries boost the growth of the global CAD market for VARs. Market research analysts predict the global CAD market for VARs to grow at a CAGR of close to 8.75% until 2019.
Cloud computing provides vast space for data storage, ease of access, flexibility, and security. Companies increasingly prefer to use cloud-based CAD software as it is cost effective. End-users do not have to pay license fees as they can access the software through the cloud. The deployment of CAD in the cloud leads to low cost, faster distribution, low maintenance, and an increase in scalability.
According to the report, high R&D investment across EMEA, APAC, and the Americas by both government and private industry to boost their industries contributed to the growth of the global
Further, the report states that the availability of free and open-source CAD software in the market poses a serious threat to the revenue generation of a large number of VARs.
The existing adoption rate of CAD in Americas in industries is more than 85%. The market is at its mature stage where most of the companies across industries are utilizing the advantage of CAD. Hence, CAD vendors in this region are shifting their business towards new and innovative products.
Europe emerged as the largest contributor for the 3D CAD market in EMEA for VARs in 2014. Increased R&D and capital investment by companies across industries in Europe contributed to the growth of the market. In Germany, the automotive industry R&D investment amounted to USD 23 billion in 2014.
Leading vendors analyzed by this report
Key questions answered in the report
- What are the key factors driving the global CAD market for VARs?
- What are the key market trends impacting the growth of the global CAD market for VARs?
- What are the various opportunities and threats faced by the global CAD market for VARs?
- Trending factors influencing the market shares for the global CAD market for VARs?
- Market shares for APAC, Americas, and EMEA?
- Key outcome of the five forces analysis on the global CAD market for VARs?
- Growth forecast of the global CAD market for VARs until 2019?
For more information visit http://www.researchandmarkets.com/research/n348dw/global_cad_market
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SOURCE Research and Markets