TechNavio today published its report 3D Computer-aided Design Market in the APAC Region 2010–2014. The report discusses the present and the future landscape of the 3D Computer-aided Design market in the APAC region.
February 27, 2012 -- 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
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit www.technavio.com.
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