Global CAD Market for VARs 2015-2019
- Published: Jan 2016
- Pages: 65
- SKU: IRTNTR7779
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This industry research report presents a detailed segmentation of the global CAD market for VARS by product (2D CAD and 3D CAD) and by geography (Americas, EMEA, and APAC). The leading vendors analyzed in this market study are EDS Technologies, INNEO, and Tata Technologies.
Outlook of the global CAD market for VARs
Computer-aided design (CAD) is a software tool package that helps to model and design products with ease and accuracy. Factors like increased M&A activities and the formation of partnerships between resellers and original CAD providers and resellers will propel the prospects for growth in this market until the end of the forecast period. Due to the recent increase in the number of M&As and partnerships, the number of value added resellers (VARs) in the market will also increase. This increase in the number of VARs will augment the level of competition, which in turn will lead to the advent of low-cost consultation, training, and certification services along with the software package. In this market study, analysts have estimated the global CAD market for VARs to grow at a steady CAGR of nearly 9% by 2020.
Technavio’s market research analyst has estimated eminent factors, such as the offering of cloud-based CAD by VARs, to impel market growth during the predicted period. Recently, it has been observed that many enterprises prefer to use cloud-based CAD software as it is cost effective. Benefits like low cost, faster distribution, low maintenance, and an increase in scalability will spur the deployment of CAD in the cloud. In addition, the ability of cloud-based 3D CAD solutions to allow designers to design and share information through a web browser, tablet, or a phone will lead to its augmented adoption during the predicted period.
Global CAD market for VARs by product segmentation
- 2D CAD
- 3D CAD
The high demand for 3D CAD across industries such as automotive, aerospace and defense, and industrial machinery industry contributed to the growth of global 3D CAD market for VARs. Honda Motors, one of the largest Japanese automobile manufacturers, needed to speed up its vehicle development, while remaining uncompromising on quality. The company took to 3D CAD solution, CATIA, for designing vehicle specification, which resulted in effective reduction in time and overall cost of production.
Geographical segmentation of the global CAD market for VARs
The existing adoption rate of CAD in Americas in industries is more than 85%. The market is at its mature stage where most of the companies across industries are utilizing the advantage of CAD. Hence, CAD vendors in this region are shifting their business towards new and innovative products.
Europe emerged as the largest contributor for the 3D CAD market in EMEA for VARs in 2014. Increased R&D and capital investment by companies across industries in Europe contributed to the growth of the market. In Germany, the automotive industry R&D investment amounted to USD 23 billion in 2014.
Leading vendors analyzed by this report
These companies generate their revenues either through direct sales or VARs. VARs and original CAD providers faced intense competition from new entrants in this market. Rising competition is thus leading to market consolidation where smaller entities are being acquired by or merged with large players.
Key questions answered in the report
- What are the key factors driving the global CAD market for VARs?
- What are the key market trends impacting the growth of the global CAD market for VARs?
- What are the various opportunities and threats faced by the global CAD market for VARs?
- Trending factors influencing the market shares for the global CAD market for VARs?
- Market shares for APAC, Americas, and EMEA?
- Key outcome of the five forces analysis on the global CAD market for VARs?
- Growth forecast of the global CAD market for VARs until 2019?
Technavio also offers customization on reports based on specific client requirement.
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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