The CAD market in Canada to grow at a CAGR of 5.18% over the period 2014-2019.
CAD Market in Canada 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers Canada; it also covers the CAD market landscape in Canada and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Overall, end-users are gradually shifting from 3D to 4D models. Following globalization, competition among CAD solution vendors has increased, and the lack of product differentiation is only adding to the battle for maximum market share. Vendors are incorporating additional features and functionalities in their solutions to improve customer experience. CAD providers are developing 4D CAD solutions for enhanced operational performance and better project execution strategies in order to improve the constructability and sequencing of construction schedules using granular level information.
According to the report, the global CAD market is likely to phase out the perpetual CAD licenses by 2016, and shift towards periodic CAD subscription/licenses. For instance, Autodesk will stop providing perpetual CAD licenses by 2016, and focus on periodical subscriptions to boost revenues from end-users.
Further, the report states that growth of the market has been curtailed negative growth rate across industries.