Global Mechanical Computer-Aided Design Market to Grow 7.46% by 2020 - High Demand for Cloud-based MCAD Software - Research and Markets

DUBLIN, October 14, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Mechanical Computer-Aided Design Market 2016-2020" report to their offering.

The report forecasts the global mechanical computer-aided design (MCAD) market to grow at a CAGR of 7.46% during the period 2016-2020.

High demand for cloud-based MCAD software will be a key trend for market growth. The demand for cloud-based MCAD software solutions is increasing in the market due to advantages such as vast space for data storage, ease of access, flexibility, and security. SMEs prefer cloud-based MCAD software due to its cost-effective nature. The end-users are not required to pay the license cost as the software can be accessed through the cloud. By hosting MCAD software on the cloud, the end-users can significantly reduce their operating costs (server costs, maintenance costs, and physical storage costs) and improve the efficiency of the product development cycle.

According to the report, one of the key drivers for market growth will be increased adoption of virtual product development environment. Organizations worldwide are increasingly adopting virtual product development environment. Virtual product models are created to perform optimization and testing procedures in a virtual environment, leading to cost and time savings. MCAD software is used to create virtual models. It is used throughout the product development lifecycle and at various stages of the design process, such as failure verification, design verification, and concept verification. This leads to the development of quality products in the market.

Further, the report states that organizations worldwide are increasingly adopting virtual product development environment.

Key vendors:

• Autodesk
• Dassault Systemes
• PTC
• Siemens PLM Software

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: PLM market overview

PART 06: Market landscape

PART 07: Market segmentation by end-user

PART 08: Geographical segmentation

PART 09: Buying criteria

PART 10: Market drivers

PART 11: Impact of drivers

PART 12: Market challenges

PART 13: Impact of drivers and challenges

PART 14: Market trends

PART 15: Impact of trends

PART 16: Five forces analysis

PART 17: Vendor landscape

PART 18: Key vendor profiles

PART 19: Appendix

For more information about this report visit http://www.researchandmarkets.com/research/p8lh5k/global_mechanical

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