Research and Markets: The Global Mechanical Computer-Aided Design Market to Grow At A CAGR Of 10.3 Percent over the Period 2011-2015

DUBLIN — (BUSINESS WIRE) — August 15, 2012Research and Markets ( http://www.researchandmarkets.com/research/blkb96/global_mechanical) has announced the addition of the "Global Mechanical Computer-aided Design Market 2011-2015" report to their offering.

One of the key factors contributing to this market growth is increasing demand from discrete manufacturing industries. The Global Mechanical Computer-aided Design market has also been witnessing that vendors are developing platforms for interoperability, to provide integrated software. However, the lack of standardization could pose a challenge to the growth of this market.

Key vendors dominating this market space include Autodesk Inc., Dassault Systemes SA, Parametric Technology Corp., and Siemens PLM Software Inc. Other major vendors are MSC Software Corp., Fujitsu Ltd., ESI Group, and Ansys Inc.

Commenting on the report, an analyst from TechNavio's Engineering team said; The Global Mechanical Computer-aided Design (MCAD) vendors are developing interoperability platforms to integrate MCAD with other applications. Integration of MCAD and electronic CAD (ECAD) is one of the emerging trends in the market. Many end-users prefer integrated MCAD and ECAD software which resolves various conflicts in the market. This integrated software reduces product development time and also reduces operating expenses. Therefore, many vendors have started to provide integrated MCAD and ECAD software.

According to the report, the Global MCAD market is driven by discrete industries such as Industrial Machinery, Automotive, Electronics, and Aerospace and Defense. The market receives massive revenue from Discrete Manufacturing industries. The Global Discrete industry is growing at a rapid rate, which in turn creates more opportunities for MCAD software. In addition, the Global Discrete industry is growing at a faster rate in developing countries than developed countries. The emergence of Discrete industries in developing countries is enhancing the demand for MCAD software.

Further, the report also discusses that the increasing demand for open-source software affects the growth of the commercial vendors in the Global MCAD market.

For more information visit http://www.researchandmarkets.com/research/blkb96/global_mechanical

 





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