DUBLIN — (BUSINESS WIRE) — November 18, 2013 — Research and Markets ( http://www.researchandmarkets.com/research/65vq4r/global_cad_market) has announced the addition of the "Global CAD Market in the Civil and Construction Industry 2014-2018" report to their offering.
The analysts forecast the Global CAD market in the Civil and Construction industry to grow at a CAGR of 7.57 percent over the period 2014-2018. One of the key factors contributing to this market growth is the increasing complexity of infrastructural projects. The Global CAD market in the Civil and Construction industry has also been witnessing the increased availability of cloud-based CAD software. However, the availability of open-source CAD software could pose a challenge to the growth of this market.
The key vendors dominating this market space are Autodesk Inc., Bentley Systems Inc., Dassault Systèmes S.A., Hexagon AB, and Parametric Technology Corp.
Other vendors mentioned in the report are Alibre Design, Aveva Group plc, ESI Group, and progeCAD.
Commenting on the report, an analyst from the team said: The increased availability of cloud-based CAD software is a major trend in the Global CAD market in the Civil and Construction industry. Cloud-computing technology provides several advantages to SMEs through its 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 and its growing popularity has led to an increase in the development of cloud-based engineering software applications. Hence, SMEs opt for cloud-based CAD software solutions as they do not require huge initial investment. Furthermore, cloud technology allows the user to pay per usage or on a rental basis, therefore eliminating the subscription fee, and software license and hardware costs. In addition, many multinational CAD vendors have started offering cloud-based services.
According to the report, the Global CAD market in the Civil and Construction industry is driven by many growth drivers, including the increasing complexity of infrastructure projects. Complex construction projects such as those in the Oil and Gas industry, multistory commercial buildings and the construction of submarines have significantly proved the need for CAD software.
For more information visit http://www.researchandmarkets.com/research/65vq4r/global_cad_market.
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