|By Business Wire||
|April 4, 2014 07:08 AM EDT||
Research and Markets (http://www.researchandmarkets.com/research/kgb86c/cad_market_in) has announced the addition of the "CAD Market in China 2014-2018" report to their offering.
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 could-based CAD solutions. However, the open source CAD software could pose a challenge to the growth of this market.
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.
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.
Key vendors dominating this space include:
- Autodesk Inc.
- Bentley Systems Inc
- Parametric Technology Corp.
- Siemens AG.
Other vendors mentioned in the report are:
- CAXA Technology Co. Ltd.
- Dassault Systèmes SA
- Suzhou Gstarsoft Co. Ltd.
- ZWSoft Co. Ltd.
Key questions answered in this report:
- What will the market size be in 2018 and what will be the growth rate?
- What are key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by key vendors?
- What are the strengths and weaknesses of each of these key vendors?
For more information visit http://www.researchandmarkets.com/research/kgb86c/cad_market_in