Computer Aided Design (CAD) Software Global Market Reach $25.20 Billion By 2028, Key Factors behind Market's Exponential Growth | Trimble Inc., Vectorworks Inc., CadMakers Inc., DataCAD LLC, Graebert GmbH

The computer aided design (CAD) software market size has grown strongly in recent years. It will grow from $17.82 billion in 2023 to $19.04 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to digital transformation, emergence of standards, and integration with manufacturing processes, increased adoption of 3d printing and demand for simulation and analysis.

The computer aided design (CAD) software market size is expected to see strong growth in the next few years. It will grow to $25.20 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to expansion of design capabilities, parametric and computational design, adoption of industry 4.0 technologies, rise of generative design and growing demand for cloud-based cad solutions. Major trends in the forecast period include AI-driven design automation, and blockchain-based design data management, emphasis on sustainability and eco-friendly design, shift towards subscription-based and SaaS models and enhanced collaboration and communication tools.

Market Overview -
Computer-aided design (CAD) software refers to specialized computer programs engineers, architects, designers, and drafters use to create precise and detailed drawings, plans, and models for various purposes. This software enables users to design, visualize, and document their ideas in two-dimensional (2D) or three-dimensional (3D) formats.

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Rising Integration Of Cloud-Based Solutions Driving Growth In CAD Software Market
The rising integration of cloud-based solutions is expected to propel the growth of the computer-aided design (CAD) software market going forward. Cloud-based solutions refer to software or services hosted, maintained, and delivered over the internet from remote servers rather than being installed and run on local computers or servers. These cloud-based solutions arise because of their scalability and flexibility, cost-effectiveness, remote access and collaboration, improved business continuity, and disaster recovery. Computer-aided design (CAD) software is increasingly being integrated into cloud-based solutions to leverage the benefits of cloud computing technology, including improved accessibility, scalability, collaboration, data management, and visualization capabilities, enabling organizations and design teams to optimize the design workflows and achieve greater efficiency, productivity, and innovation. For instance, in December 2023, according to the European Union, a Netherlands-based international organization, the percentage of European Union businesses that bought cloud computing services increased by 4.2 percentage points in 2023 compared to 2021. Therefore, the rising integration of cloud-based solutions is driving the growth of the computer-aided design (CAD) software systems market.

Competitive Landscape -
Major companies operating in the computer aided design (CAD) software market are Dassault Systèmes SE, Trimble Inc. , Siemens Digital Industries Software, Cadence Design Systems Inc., Analysis System Inc, Parametric Technology Corporation, Bentley Systems Inc, Autodesk Inc, Altair Engineering Inc, Graitec Inc, Bricsys, ZWCAD Software Co. Ltd., Vectorworks Inc., EPLAN Software & Service LLC, CadMakers Inc., Robert McNeel & Associates Inc, DataCAD LLC, Graebert GmbH, Open Design Alliance, Hexagon AB , IMSI Design, VariCAD, FreeCAD, nanoCAD, Kubotek3D, IronCAD

ZimVie Introduces RealGUIDE CAD Software Suite For Digital Dentistry
Major companies operating in computer-aided design (CAD) software focus on technological advancements, such as RealGUIDE, to enhance their offerings and provide innovative solutions to users. RealGUIDE is a cloud-based software suite that enables implant planning, design, surgical guide design, and other programs in the field of digital dentistry. For instance, in February 2023, ZimVie, a US-based life sciences company, announced the launch of the RealGUIDE CAD and full-suite software modules for its digital dentistry platform. This is designed for advanced vital design and manufacturing, enabling detailed and sophisticated implant and tooth restoration. Additionally, users can access a new seamless user interface with intuitive icons and wizards, allowing them to start with a generic restoration and specify further details during design. This is the only solution involving the full digital dentistry team through cloud and mobile technology, providing immediate loading management from creating the digital wax-up to the definitive prosthesis.

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Key Segments -
The computer aided design (CAD) software market covered in this report is segmented -
1) By Type: 3D Software, 2D Software
2) By Deployment: On-Premise, Cloud-Based
3) By Model: Solid, Surface, Wireframe
4) By Application: Industrial Design, Architectural Design, Graphic Design, Other Applications

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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