Thursday 23 April 2015, Amsterdam
The new report, now available on ASDReports, recognizes the following companies as the key players in the Global MCAD Software Market: Autodesk Inc., Dassault Systèmes SA, Parametric Technology Corp. (PTC) and Siemens AG.
Other Prominent Vendors in the market are: Ansys, AVEVA, Bentley Systems, ESI, Fujitsu, Geomagic, Intergraph, Mentor Graphics and Oracle.
Commenting on the report, an analyst from the report's team said: “One of the key trends that the Global MCAD Software market is witnessing is the emergence of 4D CAD solutions. The use of 4D CAD solutions increases the operational efficiency of a company. 4D CAD solutions improve the project execution strategy, leading to better constructability, thus enabling the sequencing of construction schedules with granular level information.”
According to the report, the need to reduce the product design and development cost is one of the major factors driving this market. The creation of faulty products increases a company's maintenance and repair expenses. MCAD software enables the designing and developing of a product, which is tested under different environments, leading to the availability of quality products in the market.
Further, the report states that one of the major challenges in the market is the availability of open-source MCAD software. The lack of capital of SMEs and the high cost of MCAD software have led to increased adoption of open-source MCAD software. This has a negative impact on the growth of the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.