DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/8c468k/cad_market_in) has announced the addition of the "CAD Market in France 2015-2019" report to their offering.
The analysts forecast the CAD market in France to grow at a CAGR of 4.01% over the period 2014-2019.
The report, CAD Market in France 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
End-users are gradually shifting from 3D to 4D models. Following globalization, competition among CAD solution vendors has increased, and the lack of product differentiation is only adding to the battle for maximum market share. Vendors are incorporating additional features and functionalities in their solutions to improve customer experience. CAD providers are developing 4D CAD solutions for enhanced operational performance and better project execution strategies in order to improve the constructability and sequencing of construction schedules using granular level information. These kinds of solutions facilitate effective management of resources while adhering to project schedules.
According to the report, the M&A transactions in the global CAD market are likely to increase with large companies acquiring medium and small software companies in a bid to boost their global footprint. For instance, Siemens acquired Unigraphics in 2007 to enter the global CAD market, and started selling NX software for product design. In 2012, Siemens PLM Software took over LMS, a leading test and mechatronic simulation software provider, to enter the simulation software market. The company also bought out TESIS PLMware, a software integration platform provider, in 2013 to increase its product competency, and provide CAD software integrated with other enterprise software. The author expects Siemens PLM to engage in M&A transactions in future as well, to expand its product portfolio and boost revenues from the CAD and the global PLM market.
Further, the report states that availability of open source and free CAD software poses as a challenge to the market growth.
- Dassault Systèmes
- Siemens PLM Software
Other Prominent Vendors
- 3D Systems
- Bentley System
- Mentor Graphics
For more information visit http://www.researchandmarkets.com/research/8c468k/cad_market_in