Latest News- 3D Computer Aided Design (CAD) Software Market: On-premises is expected to lead the Deployment segment during 2025-2029

The 3D Computer Aided Design (CAD) Software Market is being driven by High adoption of 3D CAD software in optimizing production value chain

The 3D Computer Aided Design (CAD) Software Market is expected to grow at a CAGR of 7.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 5085.6 million. In the rapidly evolving technology landscape, 3D Computer-Aided Design (CAD) software is adapting to innovations such as the Internet of Things (IoT). IoT-CAD integration is revolutionizing manufacturing by enhancing productivity in various aspects, including product planning, design, and marketing. IoT, a network of interconnected devices, facilitates data exchange among devices, enabling engineers and designers to optimize their workflows and create personalized strategies. This integration represents a significant shift in how CAD software is utilized in engineering and design processes. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Deployment
  • On-premises
  • Cloud
• Application
  • Manufacturing
  • AEC
  • Automotive
  • Healthcare
  • Others
• Sector
  • Large enterprises
  • Small and medium enterprises (SMEs)
  • Freelancers and individual designers
• Pricing Scheme
  • Subscription-based (SaaS)
  • Perpetual license
  • Pay-per-use
• Geography
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• High adoption of 3D CAD software in optimizing production value chain
• Rising need to standardize design development process
• Growing availability of subscription-based 3D CAD software

However, the market also witnesses some limitations, which are as follows:

• Increasing availability of open-source and free versions of 3D CAD software
• Rising threat of piracy in cloud-based 3D CAD software
• Initial cost of implementing 3D CAD software

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Market Scope in 3D Computer Aided Design (CAD) Software Market Research Report

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Research Analysis Overview

The 3D Computer Aided Design (CAD) software market is witnessing significant growth with the adoption of cloud-based and mobile-friendly solutions. Key industries such as automotive and mechatronic engineering are major contributors to this market. Cloud-based deployment enables the creation and sharing of solid and surface models for automotive products and packaging machines. Advanced software offers virtual prototypes, simulation testing, and data management through PLM software. Companies like Altair Engineering, Bentley Systems, and Nemetschek SE lead the market with engineering solutions for digital prototyping, design automation, and software licensing. The integration of 3D printing, virtual reality, and remote work further enhances the capabilities of 3D CAD software. Simulation tools play a crucial role in the development of virtual prototypes, while drawing and drafting remain essential for the creation of detailed designs.

Market Research Overview

The global application software market encompasses businesses specializing in the development and production of software solutions for distinct industries and applications. This sector includes enterprise and technical software, as well as cloud-based applications, excluding those classified under interactive home entertainment and systems software. According to Technavio, the IT software market size is determined by the consolidated revenue of companies providing various types of software, including cloud-based solutions. Key industries served by this market include automotive, packaging machines, and mechatronic engineering. Cloud-based and mobile-friendly solutions are increasingly popular in these sectors due to their flexibility and accessibility.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/