Research and Markets: The Computer-Aided Design (CAD) Software Market in Australia to Grow At A CAGR Of 10 Percent over the Period 2010-2014

DUBLIN — (BUSINESS WIRE) — November 16, 2011Research and Markets ( http://www.researchandmarkets.com/research/526da7/computeraided_des) has announced the addition of the " Computer-aided Design Software Market in Australia 2010-2014" report to their offering.

One of the key factors contributing to this market growth is the need to enhance product visualization. The CAD Software market in Australia has also been witnessing increasing preference for 3D CAD over 2D CAD. However, the emerging threat from increasing counterfeit and pirated products could pose a challenge to the growth of this market. TechNavio's report, Computer-aided Design Software Market in Australia 2010-2014, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report focuses on the CAD Software market landscape in Australia and its growth prospects. The report, however, does not cover CAM (computer-aided manufacturing), CAE (computer-aided engineering), and other engineering software solutions. The report discusses the vendor landscape of the Australian CAD Software market and provides a corresponding detailed analysis of the top four vendors. This report includes the revenues obtained from both sales and services (licensing, renewing, training, and upgrading) of CAD software.

Key vendors dominating this market include Autodesk Inc., Dassault Systmes SA, Siemens PLM, and Parametric Technology Corp.

Commenting on the report, an analyst from TechNavio's Engineering Software team said, With the need to improve product quality, several industries such as Automotive OEMs, Die Mold (DM) PM (Part Manufacturers), Architectural Consultants, Building Promoters, Machine Tool Manufacturers, and Plant Design industries, have started to adopt 3D CAD solutions. More end-users are opting for 3D solutions mainly because of the need to improve the overall quality of the product with minimal time and cost.

According to the report, CAD systems are being used in diverse applications apart from the usual engineering and architectural designs. Wood Working, Apparel Textiles, Jewelry, Healthcare, and Food are some of the other industries employing CAD. The report also discusses the emerging threat from open source software.

For more information visit http://www.researchandmarkets.com/research/526da7/computeraided_des



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