Global CAD Market to Grow 7.05 Percent

By DE Editors

TechNavio is forecasting the global CAD market in the civil and construction industry to grow at a CAGR of 7.05 percent from 2011 to 2015. One of the key factors contributing to this market growth is the need for modular infrastructure development, according to the research firm.

The CAD market has also benefited from the development of cloud-based CAD solutions, but the emerging threat from open source and pirated CAD software solutions could pose a challenge to growth.

According to the report, the deployment of CAD solutions is expected to "enable extended visualization, which aids the development of good-quality designs. This reduces the number of errors in infrastructure design, ones that may be missed from the engineer's/drafter's viewpoint, thereby increasing the quality standards of the design developed."

The report, "The Global CAD Market in the Civil and Construction Industry 2011-2015," covers the Americas, and the EMEA and APAC regions.

For more information, visit TechNavio.

Sources: Press materials received from the company and additional information gleaned from the company's website.