CAD 2018 Market growing at a CAGR of 7.3% by2022

Press Release -

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Report Description-

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The report examines the global market for computer-aided design (CAD) technology with regard to the role played by VARs in the growth of the CAD market. VARs are companies that resell CAD software after some processing and have attained crucial importance for the global CAD market due to the widespread adoption of CAD technology in various sectors. The report is titled ‘Global CAD Market for VARs 2017-2021.’

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According to the report, the global CAD market for VAR is likely to exhibit a CAGR of 8.13% between 2017 and 2021. CAD software is used in a wide array of industries, including leading players such as the automotive, aerospace, and defense sectors. The benefits of CAD software include the high level of detail it can generate over computerized platforms and the steady rise in their sophistication, which has now led to the development of various process-specific branches. The role of VARs in the global CAD market has consequently grown, as VARs can provide crucial application-specific enhancements to the fundamental CAD software, boosting its utility. VARs are thus likely to retain an important role in the global CAD market in the coming years.

The growth of the automotive industry at a rapid pace in the last few years is a major driver for the global CAD market for VAR. The automotive industry has become a pioneer in making use of advanced technological innovations to enhance industrial processes and is likely to remain a key contributor to the global CAD market for VAR.