Global CAD Market for VARs 2017-2021
TechNavio - Infiniti Research Ltd.
About CAD for VARs
CAD is a software tool package used for modeling and designing products and components with ease and accuracy. The CAD software package helps engineers, architects, and other design professionals in creating a digital prototype of products. These prototypes are created prior to production. A VAR is a company that resells a software from a software provider by adding features and/or services. The services may include consulting, training, support, and implementation.
Technavio’s analysts forecast the global CAD market for VARs to grow at a CAGR of 8.13% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global CAD market for VARs for 2017-2021. To calculate the market size, the report considers new installations of CAD solutions by VARs.
The market is divided into the following segments based on geography:
Technavio's report, Global CAD Market for VARs 2017-2021, 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 over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors - DXC Technology
- PITERION
- Tata Technologies
Other prominent vendors - BCT Technology
- Camanotech
- CENIT
- EDS Technologies
- GeometricPLM
- INNEO Solutions
- MAYA Heat Transfer Technologies
- Mercury Marine
- PROLIM
Market driver - Benefits of CAD sold through VARs
- For a full, detailed list, view our report
Market challenge - High deployment cost of CAD
- For a full, detailed list, view our report
Market trend - Growing use of 3D printers
- For a full, detailed list, view our report
Key questions answered in this report - What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Press Release
Technavio Announces the Publication of its Research Report – Global CAD Market for VARs 2017-2021
Technavio recognizes the following companies as the key players in the global CAD market for VARs: DXC Technology, PITERION, and Tata Technologies.
Other Prominent Vendors in the market are: BCT Technology, Camanotech, CENIT, EDS Technologies, GeometricPLM, INNEO Solutions, MAYA Heat Transfer Technologies, Mercury Marine, and PROLIM.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing use of 3D printers. 3D printers are popular in the manufacturing industry. Models are created through CAD software, such as SolidWorks 2017, which has an output directly connected to a 3D printer in a Windows 8.1 environment. Compared with the previous versions of SolidWorks, the Print3D option in the drop-down menu has significantly improved.”
According to the report, one driver in the market is benefits of CAD sold through VARs. The VARs specialize in the implementation of CADs and offer these software programs to numerous other companies. These retailers focus on the deployment and maintenance and regularly update themselves. Several VARs specialize in verticals such as aerospace and defense and automotive. The specialization gives them vertical-specific knowledge regarding the implementation of CAD software programs. VARs reduce investment in the IT infrastructure.
Further, the report states that one challenge in the market is high deployment cost of CAD. The implementation and training required for CAD incur high costs. A significant number of VARs provide implementation and training services. The implementation costs are considered general expenses. On an average, general expenses account for 45-55% of the total investments in perpetual licenses and subscriptions. The implementation costs account for 50% of the general expenses. Implementing CAD programs lead to system downtime that increases the hidden cost to the company.
Companies Mentioned
DXC Technology, PITERION, and Tata Technologies.BCT Technology, Camanotech, CENIT, EDS Technologies, GeometricPLM, INNEO Solutions, MAYA Heat Transfer Technologies, Mercury Marine, and PROLIM.
