|By Business Wire||
|February 28, 2014 01:41 PM EST||
Research and Markets (http://www.researchandmarkets.com/research/w82bfz/computeraided) has announced the addition of the "Computer-aided Design Software Market in Australia 2012-2016" report to their offering.
The analysts forecast the Computer-aided Design Software market in Australia to grow at a CAGR of 7.14 percent over the period 2012-2016. One of the key factors contributing to this market growth is the need to develop superior quality products.
Computer-aided Design Software market in Australia has also been witnessing emergence of cloud-based cad solutions. However, the need for increased investment could pose a challenge to the growth of this market.
Key vendors dominating this space include Autodesk Inc., Dassault Systemes SA, PTC, and Siemens PLM Software Inc.
Other vendors mentioned in the report are, Aveva Group plc, Bentley Systems Inc., Project CAD Services Pty. Ltd., and XS CAD Ltd.
Commenting on the report, an analyst from the Engineering team said: ''The emergence of mobile CAD applications is another major trend in the CAD Software market in Australia. Mobile CAD applications can help improve the productivity of organizations and individual users. Hence, several CAD vendors in Australia are developing mobile CAD application as it provides them with opportunities to increase their market presence in the future. In addition, these vendors are investing heavily to develop CAD applications that are compatible with various mobile devices. The development of mobile CAD applications is expected to increase the overall revenue and customer base of the market vendors in Australia. Therefore, the emergence of mobile CAD solutions is expected to drive the growth of the CAD Software market in Australia during the forecast period.''
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Bentley Systems Inc., Aveva Group plc, XS CAD Ltd., Project CAD Services Pty. Ltd.
For more information visit http://www.researchandmarkets.com/research/w82bfz/computeraided
About Research and Markets
Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.