3D CAD Software Market Worth $13.04 Billion By 2025 | CAGR: 6.2%: Grand View Research, Inc.
SAN FRANCISCO, May 13, 2019 /PRNewswire/ -- The global 3D CAD software market size is projected to reach USD 13.04 billion by 2025, according to a new report by Grand View Research, Inc., rising at a CAGR of 6.2% during the forecast period. Introduction of 3D CAD software has revolutionized the way end-use industries design products.
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Key suggestions from the report:
-- The cloud-based segment is expected to witness the fastest growth over
the forecast period as the software provides flexibility in design and
requires less infrastructure cost
-- The healthcare segment is estimated to post a CAGR of over 8.0% during
the forecast period. 3D CAD software has witnessed increased adoption in
the healthcare sector as it helps assist doctors in attempting different
methods and strategies to determine the most optimal approach for
treatments
-- Asia Pacific is anticipated to progress at the highest CAGR over the
forecast period owing to its high demand in the construction and
manufacturing sectors
-- Autodesk, Inc., Dassault Systemes, PTC, Inc., and Siemens PLM Software,
Inc. are some of the prominent players in the 3D CAD software market
-- Companies are focusing on providing updated products that have
additional capabilities of augmented reality (AR), Internet of Things
(IoT), and other innovative technologies.
Read 82 page research report with TOC on "3D CAD Software Market Size, Share & Trends Analysis Report By Deployment (Cloud, On-Premise), By Application (Architecture, Engineering, Construction, Manufacturing, Automotive, Healthcare), And Segment Forecasts, 2019 - 2025" at: https://www.grandviewresearch.com/industry-analysis/3d-cad-software-market
CAD has witnessed a high adoption owing to improved and continuously changing environment in various industries such as healthcare, construction, manufacturing, and automotive. The software enables end users to create three-dimensional models for representing a particular part or system of the entire product. It also helps in eliminating risk of producing faulty parts, thereby making manufacturing process more cost-effective.
Industries are transitioning from 2D CAD to 3D CAD as software simplifies complex design structure by offering choices between predefined and customized designs. Furthermore, growing transition from on premise to cloud along with changes in consumer preferences and requirements is poised to work in favor of the market.
Burgeoning trend of integrating artificial intelligence (AI) with 3D CAD software has been improving 3D modeling experience by identifying design errors. Presently, only a limited number of players are observed incorporating AI trend into their product portfolio, which has provided ample opportunities for companies to introduce AI-based solutions.
Rising preference among end users for customized solutions is also likely to escalate the growth of the market. Customized and personalized solutions have enabled key players to incorporate this feature into their product portfolio. Key players have already capitalized on designing industry-specific solutions to cater to needs of clients.
Grand View Research has segmented the global 3D CAD software market based on deployment, application, and region:
-- 3D CAD Software Deployment Outlook (Revenue, USD Million, 2014 - 2025)
-- Cloud
-- On-premise
-- 3D CAD Software Application Outlook (Revenue, USD Million, 2014 - 2025)
-- AEC
-- Manufacturing
-- Automotive
-- Healthcare
-- Media & Entertainment
-- Others
-- 3D CAD Software Regional Outlook (Revenue, USD Million, 2014 - 2025)
-- North America
-- U.S.
-- Canada
-- Europe
-- Germany
-- U.K.
-- Asia Pacific
-- China
-- India
-- Japan
-- Latin America
-- Brazil
-- Mexico
-- Middle East and Africa
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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SOURCE Grand View Research, Inc.
