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3D CAD Software Market Report 2022-2027
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3D CAD Software Market Report 2022-2027
IMARC Group’s latest research report, titled “3D CAD Software Market Report: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” the global 3D CAD software market size reached a value of US$ 10.25 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 15.42 Billion by 2027, exhibiting a CAGR of 6.70% during 2022-2027.To get more news about CAD software, you can visit shine news official website.
Three-dimensional computer-aided design (3D CAD) is a technology used to create and modify details of a product, part, or assembly. It replaces manual drafting with an automated process. The engineers, product developers and designers use it to create functional, virtual prototypes of three-dimensional objects. It utilizes computer software to assist in creating, manipulating, analyzing, or optimizing a design. 3D CAD designs are typically used for digital animation applications or manufacturing and prototyping processes like 3D printing. CAD is used throughout the engineering process, from conceptual design and layout of products, through strength and dynamic analysis of assemblies to definition of manufacturing methods of components. Nowadays, several companies are offering differentiated 3D CAD solutions for various industrial uses.
The market is majorly driven by the increasing demand for cloud technology. In line with this, the rising adoption of cloud-based deployment strategies by many organizations owing to the various advantages offered by cloud technology, such as collaborative interface, ability to share designs with the stakeholders, cohesive data management, and increased accessibility, is positively influencing the market. Furthermore, the growing utilization of computer-aided design in the automotive industry is significantly contributing to the market. Moreover, the augmenting usage of 3D CAD software technology in the packaging industry for various purposes, such as designing, wrapping, boxing, and bottling consumer goods, is propelling the market. Besides this, 3D CAD is increasingly implemented in the healthcare sector to facilitate the medical imaging process. This, along with the rising trend of digitalization, an enhanced focus on additive manufacturing and rapid technological advancements, are also providing a boost to the market.