Research and Markets: 3D CAD Software Market in the APAC Region 2011-2015: The 3D CAD Software Market in the APAC Region to Grow At A CAGR Of 13.62 Percent over the Period 2011-2015.
One of the key factors contributing to this market growth is the need to reduce product development time and cost. The 3D CAD Software market in the APAC region has also been witnessing the availability of cloud-based 3D CAD software. However, the easy availability of pirated software could pose a challenge to the growth of this market.
Key vendors dominating this market space include: Autodesk Inc, Dassault Systemes SA, Siemens PLM Software Inc., and Parametric Technology Corp.
Commenting on the report, an analyst from TechNavio's Engineering team said: "The availability of cloud-based 3D computer-aided design (CAD) software is one of the major trends in the 3D CAD Software market in the APAC region. Cloud-computing technology provides several advantages to small and medium-sized enterprises (SMEs) through its Software-as-a-Service (SaaS) models. Cloud-based services offer huge data storage and provide remote access to subscribed software. Cost effectiveness, easy access, and flexibility are some of the major benefits of using cloud-based technology. Further, cloud technology allows the user to pay per usage or on a rental basis, thus eliminating the subscription fee, software license, and hardware costs. In addition, many leading 3D CAD vendors have started offering cloud-based services."
According to the report, the increasing outsourcing of engineering design to the APAC region is one of the major drivers for the 3D CAD Software market in the APAC region. Countries such as China and India provide low-cost employees with good design skills, thereby reducing the overall cost much more than in other regions across the globe. Hence, many developed countries such as the UK, Germany, and the US outsource their engineering design works to the APAC region with a view to cutting down the overall cost of products.
For more information visit http://www.researchandmarkets.com/research/97p8ls/3d_cad_software
|Printer friendly Cite/link Email Feedback|
|Date:||Oct 31, 2012|
|Previous Article:||Roadrunner Transportation Systems Reports 2012 Third Quarter Results and Announces Fourth Quarter 2012 Guidance.|
|Next Article:||Ryan & Maniskas, LLP Announces Investigation of MOD-PAC Corp.|