Cloud-Based CAD Software Market in North America’s Electrical and Electronics Sector Expected to Surge Ahead at a Steady CAGR of 4.14% from 2014 to 2019: ResearchMoz
By Business Wire News
By Business Wire News
ResearchMoz has added a report titled “North America’s CAD Market in Electrical and Electronics Sector 2015-2019: Global Industry Analysis, Shares, Size, Trends, Growth and Forecast” to its research report database.
CAD is an extremely useful tool for designing and modeling products and components used in various industries with utmost efficiency and accuracy. The software is especially used by engineers, designers, architects, and other professionals to make drafts for projects and plans. The precision this software tool offers allows the users to improve their product quality and thereby their output. The CAD market in the electrical and electronics sector in North America is expected to grow at a CAGR of 4.14% from 2014 to 2019.
The report studies the key market drivers, challenges, and important trends impacting this market. The report states that the important market drivers for the CAD market in the electrical and electronics sector in North America are the need to reduce the time invested in product design and development, costs incurred, and manufacturing processes. At the same time, the market also faces huge challenges such as a drop in the sales volume of electrical and electronic equipment and components. However, in the next few years, development of cloud-based CAD can prove to be a huge opportunity for the CAD market in the electrical and electronics sector in North America, U.S., Mexico, and Canada.
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For a granular view on the competitive landscape, the research analysts have profiled the key companies in the CAD market in the electrical and electronics sector of North America. Some of the important companies studied in this market are Autodesk, Dassault Systems, PTC, and Siemens PLM Software.
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