DUBLIN — (BUSINESS WIRE) — March 7, 2012 — Research and Markets( http://www.researchandmarkets.com/research/aab89d/3d_computeraided) has announced the addition of the " 3D Computer-aided Design Market in APAC 2010-2014" report to their offering.
TechNavio's analysts forecast the 3D CAD market in the APAC region to grow at a CAGR of 21 percent over the period 2010-2014. One of the key factors contributing to this market growth is the need for extended product visualization for better product quality in the APAC region. The 3D CAD market in APAC region has also been witnessing aggressive marketing by CAD vendors. However, increased training costs have decreased investment in CAD software, which could pose a challenge to the growth of this market.
Key vendors dominating this market space include Dassault Systmes SA, Autodesk Inc., Siemens PLM, and Parametric Technology Corp.
TechNavio's report highlights that after the impact of the global economic recession, there has been a steady increase in the economy of the Asian countries such as India and China. Further, due the threat of natural calamities such as earthquakes and tsunamis in Japan, several production facilities are being shifted from Japan to other countries in the Asian region such as India, China and Singapore. With a number of low-cost manufacturing and designing facilities companies emerging in this region, there is an increase in investment for both the domestic and international market, in these countries.
Commenting on the report, an analyst from TechNavio's Engineering Software team said, With the advent of cloud computing technology that offers huge space for data storage access, there is an increasing trend in developing cloud-based 3D CAD systems. The virtual platform enables organizations to protect their networks' data, via accessing cloud. This thereby provides a paradigm where a model can be accessed any time, and placed, by several users. Further, it also gives organizations scalability in the level of features for enhanced usability and flexibility.
Key findings from the report: Increased Outsourcing and Investments in the Automotive Sector in the APAC Countries Increased Training Costs Decrease Investment Towards Computer-aided Design Software Increasing Competition Leading to Reduced Cost of Licenses
For more information visit http://www.researchandmarkets.com/research/aab89d/3d_computeraided
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