Press Release
Press Release
The global 3D CAD software industry is being driven by the heightened digitalisation and dynamic technological interventions worldwide. The governments across the countries are increasingly investing in digital solutions to expand digital economies, and expedite the production and manufacturing capabilities across industry verticals while reducing costs. In addition, the extensive application of 3D CAD software in the media and entertainment sector for advertising and animation is expected to positively impact the market growth. Moreover, other technological solutions such as cloud-based interface, virtual reality, and artificial intelligence are also integrated with the 3D CAD software to further enhance its capabilities.
The growing focus of leading players towards the development of improved 3D CAD software by integrating advanced technological solutions and enhance its operational efficiency is expected to stimulate the industry growth. In April 2021, Autodesk Inc. (NASDAQ: ADSK) announced its agreement to acquire Upchain, a provider of a uniform cloud platform of PLM and PDM services that enables manufacturers to efficiently work in collaboration with all stakeholders, regardless of the CAD system being used. Furthermore, another leading 3D CAD software manufacturer, PTC Inc. (NASDAQ: PTC), in May 2021, announced the launch of Vuforia Instruct, a SaaS-based 3D augmented reality CAD software that allows the simplification of the process of creation and delivery of 3D work instructions in order to optimise inspection in the field management process. These developments are expected to positively impact the growth of the 3D CAD software industry in the forecast period.
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The major players in the global 3D CAD software market are Autodesk Inc., Bentley Systems Incorporated, Bricsys NV, Dassault Systèmes, and Graphisoft SE, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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