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With Cloud Facilities, 7.57 Percent Growth Predicted For Global CAD Market In The Civil And Construction Industry

By CIOReview | Monday, January 27, 2014

Albany: According to the research done by ResearchMoz.us, the global market for CAD in the civil and construction industry will see a booming growth in the coming years. The report states that the industry will see a Compound Annual Growth Rate (CAGR) of 7.57 percent over the years 2014-2018—thanks to the increasing complexity of infrastructural projects.

The study covered a wide area of Asia Pacific, Europe, Middle East, Africa, and the Americas and all the international and global participants. The key players the research has identified for this growth includes Autodesk Inc., Bentley Systems Inc., Dassault Systèmes S.A., Hexagon AB as well as Alibre Design, Aveva Group plc, ESI Group, and progeCAD.

The research report covers the most important issues related to this field that is the market size in the year 2018, that is, it’s expected growth rate, the key market trends and also the driving force behind this. It covers the strengths and weaknesses as well as the threats and opportunities faced by the key dealers in this industry.

According to the report, the cloud based CAD services are by and large found to be cost effective, flexible and very easily accessible. The non requirement of huge initial investment is also forcing use of divergent cloud based CAD software in the industry.

Availability of better and improved services of cloud based CAD software has been leaving quite a mark in the industry in the past years and definitely seems that it will continue to do so in the future also.

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