The major trends observed in the CAD software market in recent years have been increased acquisitions by CAD software providers, shifting from licenses to subscriptions and transit from 2D CAD to 3D CAD Software. Software companies acquire specific software solution providers to enhance their products and increase the user base of their products. Design software service providers are also increasingly increasing their know-how to meet the broader and more complex business needs for products and services with the increasing number of acquisitions. The report provides analysis of global 3D CAD Software market for the period 2016-2026, wherein 2019 to 2026 is the forecast period and 2017 is considered as the base year. According to Acumen Research and Consulting, the global 3D CAD Software market is expected to grow at noteworthy CAGR around 5.9% throughout the forecast period and reach around US$ 14.5 billion by 2026.
In various industries, including healthcare, construction, production and automotive industry, the CAD has been highly adopted due to improved and continuously changing environments. The software makes it possible for end users to develop three-dimensional models to represent a specific part or system of the whole product. It also helps to avoid the risk of faulty parts, making production more cost-effective. Industries are shifting from 2D CAD to 3D CAD since software makes complex designs easier by choosing between preset and custom designs. In addition, the increasing transition from local to cloud along with changes in consumer preferences and requirements will help the market. The boom in 3D CAD software integration trend has been improving 3D CAD by identifying design failures. Their results have improved. 3D CAD experience. Currently, a limited number of players have taken up the AI trend, which provided companies with ample opportunity to introduce AI-based solutions. Increased preference for custom solutions among end users can also increase market growth. Customized and custom solutions have made this feature integrated into the product portfolio of the key players. Key players have already taken advantage of the development of industrial solutions to address customer requirements.
3D CAD Software Market by Deployment
3D CAD Software Market by Application
Global 3D CAD Software Market, by Geography
The market research study on “3D CAD Software Market (By Deployment: On-Premise, Cloud; By Application: AEC, Automotive, Manufacturing, Healthcare, Entertainment & Media, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers detailed insights on global 3D CAD Software market segments with market dynamics and their impact. The report provides insights on global 3D CAD Software market by deployment, application, and major geographic regions. The report also covers basic technology development policies.
The 3D CAD Software market is consolidated with limited number of manufacturers. The leading companies operating on the market include Dassault Systemes, Siemens PLM Software Inc., Autodesk Inc., PTC Inc. and Oracle Corporation. These companies are shown to adopt inorganical strategy of growth for increasing competition such as acquisitions, mergers and partnerships. PTC Inc. acquired Frustum Inc. recently in November 2018..