Global 3D CAD Software Market by deployment (cloud, and on-premise.), by Application (AEC, manufacturing, automotive, healthcare, media & entertainment, and others.), by region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America) is expected to reach US$ 13.15 Bn by 2026, at a CAGR of 6.26 % during a forecast period.
The major driving factor of 3D CAD software market are rising need for tooling and rapid prototyping in the aerospace & defense, automotive, and industrial sectors is expected to contribute to market growth. Additionally, the increased focus on improving productivity by augmenting the design process is expected to boost the adoption of 3D CAD software market. The need for product visualization and rapid prototyping is also driving market growth.
The restring factor of 3D CAD software market, software is expensive so initial costs are high and staff need to be trained how to use the software as well as it requires a PC.
The on-premise segment dominated the market.
The on-premise segment dominated the market, due to on-premise software is directly installed on the user’s workstation. Companies are offering their customers with on-premise products and solutions such as electronic software downloads for product updates along with initial product fulfilments. 3D CAD’s on-premise products provide safety software solutions designed to meet the needs of police departments, fire departments, and other public safety solutions.
The European region is contributed to the market growth significantly.
The European region is contributed to the market growth significantly owing to the introduction of stringent regulations for examining several machinery & processes and providing certifications, therefore making 3D software is mandatory for industries to adopt designing software in their development process.
Some of the key players in the 3D CAD software market include Autodesk, Inc., Bentley Systems, Incorporated, Bricsys NV, CAXA Technology Co., Ltd., Dassault Systmes, Nemetschek, Oracle Corporation, Siemens AG, Schott Systeme GmbH, and PTC, Inc.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the global 3D CAD software market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global 3D CAD software market. The driving forces as well as considerable restraints have been explained in depth. in addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global 3D CAD software market positioning of competitors.
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