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Mechanical Computer-Aided Design Market 2016 Global Analysis and Forecast to 2020

Thursday, October 13, 2016 2:00
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MCAD software is widely used in product designing, design engineering, manufacturing, and distribution across industries. It helps reduce cost, improve product quality, protect the environment, attain design efficiency, and slash product development time. It can be on-premises as well as on the cloud. Onshape is a cloud MCAD provider.

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This analyst forecast the global mechanical computer-aided design (MCAD) market to grow at a CAGR of 7.46% during the period 2016-2020. This report covers the present scenario and the growth prospects of the global mechanical computer-aided design (MCAD) market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of MCAD software licenses and services.

The market is divided into the following segments based on geography:

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The following companies are the key players in the global mechanical computer-aided design (MCAD) market: Autodesk, Dassault Systèmes, PTC, and Siemens PLM Software. Other Prominent Vendors in the market are: 3D Systems, Altair, Cadonix, FreeCAD, IronCAD, Kubotek, Nemetschek, Nanosoft, Caddie software, Menhirs, and VariCAD.

High demand for cloud-based MCAD software will be a key trend for market growth. The demand for cloud-based MCAD software solutions is increasing in the market due to advantages such as vast space for data storage, ease of access, flexibility, and security. SMEs prefer cloud-based MCAD software due to its cost-effective nature. The end-users are not required to pay the license cost as the software can be accessed through the cloud. By hosting MCAD software on the cloud, the end-users can significantly reduce their operating costs (server costs, maintenance costs, and physical storage costs) and improve the efficiency of the product development cycle.

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The report, Global Mechanical Computer-Aided Design (MCAD) Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This 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.

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