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Research and Markets: The 3D CAD Software Market In North America To Grow At A CAGR Of 15.2 Percent Over The Period 2010-2014.

DUBLIN -- Research and Markets (http://www.researchandmarkets.com/research/2a5e2f/3d_computeraided) has announced the addition of the "3D Computer-aided Design Software Market in North America 2010-2014" report to their offering.

One of the key factors contributing to this market growth was the reduction in licensing costs for 3D CAD software. The 3D CAD Software market in North America has also been focusing on emerging small and medium-sized enterprises. However, increasing adoption of open source 3D CAD software could pose a challenge to the growth of this market.

Key vendors dominating this market space include Dassault

Systemes SA, Siemens PLM, Autodesk Inc., and Parametric Technology Corp.

Commenting on the report, an analyst from TechNavio's Engineering Software team said, 3D CAD software vendors have begun to focus on the emerging SME segment in North America. Many SMEs have realized the benefits of 3D CAD over 2D CAD software, providing 3D CAD software vendors with several opportunities to enhance their market potential and presence. Market vendors have begun to provide low-cost products, extended services and support, and industry-based software packages to attract the emerging SME segment. Thus, the growth of the SME segment in North America offers numerous market opportunities to 3D CAD software vendors in North America.

According to the report, 3D CAD software provides manufacturing companies with more accurate designs and with better visibility of their product development cycle. 3D CAD software overcomes the major limitations of 2D CAD software such as complex quality measurement and provides in-depth analysis of the product design. Further, it reduces the number of errors in the product design that may escape the notice of engineers at the time of product or plant design, thus increasing the quality of the product being developed.

The report also discusses the challenges faced by this market including the transition from 2D to 3D CAD software.

For more information visit http://www.researchandmarkets.com/research/2a5e2f/3d_computeraided
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Publication:Business Wire
Geographic Code:100NA
Date:Mar 2, 2012
Words:365
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