The 3D CAD software market may reach $11.8 Billion by 2023

According to the “Global 3D CAD Software Market (2017-2023)” report, the 3D CAD software would reach $11.8 billion by 2023, rising at a market growth of 6% CAGR during the forecast period.

CAD software is used in concept designing, creating product designs, carrying out simulations and analysis, and in performing engineering calculations. In other words, it helps in experimentation, exploration, and iteration which are used in making most of design’s potential. With the use of the software, better products are produced at less cost.

Growing opportunities for investments in 3D printing and technology penetration into the manufacturing and automotive sectors have contributed to the growth of the market.

The Global 3D CAD Software market includes sectors of Manufacturing, Automotive, Healthcare, Media & Entertainment, Architecture, Engineering & Construction, and many more. First geographical segments that will take advantage of this market are North America, Europe, Asia Pacific, Latin America, Middle East and Africa.

 

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