Lewes, DE -- (SBWIRE) -- 11/29/2016 -- Report forecast the global CAD market in the industrial machinery industry to grow at a CAGR of 7.61% during the period 2016-2020.

CAD is a software tool that is used to achieve accuracy in designing and modeling of products and components of an organization. CAD solutions are widely adopted by several industries such as the automotive, aerospace and defense, industrial machinery, electrical and electronics, and others. These solutions allow end-users to develop prototypes of their products digitally before the production begins.

The report covers the present scenario and the growth prospects of the global CAD market in the industrial machinery industry for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of CAD software licenses and services

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, the growing need for providing quality products at a faster rate has led to an increase in demand for CAD software. CAD software helps improve the time-to-market by reducing the product development cycle and testing time. The software also improves the speed of the product design cycle and produces reliable and cost-effective products by reducing the analysis time. It eliminates the need to develop multiple prototypes.

Further, the report states that many SMEs are struggling to adopt CAD software, as it requires high initial investment. SMEs prefer cost-effective CAD software from open-source communities or local vendors, rather than investing large amounts of money in commercial CAD. Though large enterprises adopt CAD to reduce their operational costs and improve product quality, many SMEs are reluctant to adopt CAD software because of the high costs involved.

Global CAD Market in Industrial Machinery Industry 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global CAD market in aerospace and defense industry: Autodesk, Dassault Systèmes, PTC, and Siemens PLM Software.

Other Prominent Vendors in the market are: BricsCAD, Encore, Graebert, RealCAD, Solvespace, and TurboCAD.

Market driver
- Increase in government initiatives in machine tools sector
- For a full, detailed list, view our report

Market challenge
- Threat of piracy
- For a full, detailed list, view our report

Market trend
- Development of smart factories
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 67 pages and 42 Exhibits "Global CAD Market in Industrial Machinery Industry 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, PLM overview, CAD and R&D, Geographical segmentation, Buying criteria, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Five forces analysis, Vendor landscape, Key vendor profiles, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-cad-market-industrial-machinery-industry-2016-2020

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