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Global 3D CAD Software Market to Grow at a CAGR of 6.2% During 2022-2027, Aided by the Increased Digitalisation and the Rapid Technological Advancements

According to a new report by EMR titled, ‘Global 3D CAD Software Market Report and Forecast 2022-2027’, the global market for 3D CAD software attained a value of about USD 9.65 billion in 2020. The industry is further expected to grow at a CAGR of 6.2% in the forecast period of 2022-2027.

The global 3D CAD software industry is being driven by the heightened digitalisation and dynamic technological interventions worldwide. The governments across the countries are increasingly investing in digital solutions to expand digital economies, and expedite the production and manufacturing capabilities across industry verticals while reducing costs. In addition, the extensive application of 3D CAD software in the media and entertainment sector for advertising and animation is expected to positively impact the market growth. Moreover, other technological solutions such as cloud-based interface, virtual reality, and artificial intelligence are also integrated with the 3D CAD software to further enhance its capabilities.

The growing focus of leading players towards the development of improved 3D CAD software by integrating advanced technological solutions and enhance its operational efficiency is expected to stimulate the industry growth. In April 2021, Autodesk Inc. (NASDAQ: ADSK) announced its agreement to acquire Upchain, a provider of a uniform cloud platform of PLM and PDM services that enables manufacturers to efficiently work in collaboration with all stakeholders, regardless of the CAD system being used. Furthermore, another leading 3D CAD software manufacturer, PTC Inc. (NASDAQ: PTC), in May 2021, announced the launch of Vuforia Instruct, a SaaS-based 3D augmented reality CAD software that allows the simplification of the process of creation and delivery of 3D work instructions in order to optimise inspection in the field management process. These developments are expected to positively impact the growth of the 3D CAD software industry in the forecast period.

Market Breakup by Deployment, Application, and Region:

  • The market is bifurcated based on deployment into cloud and on-premise.
  • On the basis of application, the market can be distributed into AEC, manufacturing, automotive, healthcare, and media and entertainment.
  • Region-wise, the global market for 3D CAD software can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for 3D CAD software is being driven by rapid digitalisation worldwide.
  • The demand for automated and innovative design creation and virtual testing technology has significantly contributed to the market expansion.
  • Growing investments in the R&D of 3D CAD technology are also aiding the industry growth.
  • The rising technological advancements such as utilising artificial intelligence, augmented reality, and cloud-based solutions in 3D CAD software applications are further propelling the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for 3D CAD software for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) market information for the deployments, applications, and major regions of 3D CAD software.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global 3D CAD software market are Autodesk Inc., Bentley Systems Incorporated, Bricsys NV, Dassault Systèmes, and Graphisoft SE, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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