Global MCAD Software market to grow at a CAGR of 10.81% over the period 2013-2018
Deerfield Beach, FL -- (SBWIRE) -- 08/24/2015 -- Global MCAD Software market to grow at a CAGR of 10.81% over the period 2013-2018. MCAD software is used for modeling and designing of critical parts, components, and structures. The software assists engineers, architects, and other design professionals to develop superior quality products in the market. It enables end-users to simulate a product's real-world performance by digitally prototyping its creation. The software are used across industries such as Industrial Machinery, Automotive, Electrical and Electronics, and Aerospace and Defense.
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The new report indicated that increased popularity of cloud-based MCAD software will be a trend to watch in this market over the projected period.
"Many SMEs are turning to cloud-based MCAD software because it is more cost-effective. By hosting the software over the cloud, end-users can significantly reduce their server, maintenance, and physical storage costs and can improve the efficiency of their product development cycle,".
Additionally, intense competition in the market has led several vendors to incorporate additional features and functionalities into their software, like developing 4D CAD solutions that will increase operational performance.
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Covered in this Report
The Global MCAD Software market can be segmented into two product segments: Multidiscipline and Design Focused.
Global MCAD Software Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global MCAD Software market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
"4D CAD improves the project execution strategy, thus leading to better constructability and also enables the sequencing of construction schedules with granular level information,".
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"Effective deployment of 4D CAD solutions is also expected to enable effective manageability of resources while staying on track with project schedules."
The market is also witnessing an increase in the adoption of both ECAD and MCAD software for product design.