Global Computer Aided Design Market - Growth, Segments and Regional Trends till 2025
Market Highlights According to MRFR analysis, the Global CAD Market was valued USD 7.47 Billion in 2018 and is expected to reach USD 14.18 Billion by 2025, at a CAGR of 10.0 % during 2019–2025. Factors driving the growth of the market include rising government initiatives to develop smart cities that allows real-estate sector to build smart space buildings and infrastructure, rise in adoption of cloud-based 3D CAD software, 3D modeling in public infrastructure that includes energy and utilities and construction, and adoption of 3D printing in manufacturing sectors. Additionally, the integration of 3D CAD tools with virtual reality is expected to be one of the new revenue pockets for the CAD market during the forecast period. On the other hand, the adoption of building information modeling (BIM) solutions and cloud-based CAD solutions may eventually lead to data breaches; these are likely to hinder the growth of the CAD market during the forecast period. Based on technology, the CAD ma...