Skip to main content

How is Growing Construction Industry Driving Indian CAD Software Market?

The Indian computer-aided design (CAD) software market is predicted to generate a revenue of $696.9 million by 2025, rising from $445.6 million in 2019, exhibiting an 8.2% CAGR during the forecast period (2020–2025), according to a P&S Intelligence report. The key factors leading to the growth of the market are the increasing utilization of the CAD software in the construction industry, rising requirement for improved and accurate designs, and surging need for fast production of goods in the country.

Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/india-cad-software-market/report-sample


When technology is taken into consideration, the Indian CAD software market is divided into 3D software and 2D software, between which, the 3D division accounted for the major share of the market in 2019. The division is also projected to grow at a faster pace during the forecast period, owing to the 3D CAD’s accurate & realistic 3D drawings, faster designing capabilities, and the fact that it saves cost and time. Business are widely adopting this adopting this technology due to such advantages.

On the basis of industry, the Indian CAD software market is categorized into manufacturing, architecture, engineering, and construction, out of which, the architecture category is projected to register the highest CAGR during the forecast period. A high number of architectural projects are under consideration in the country, majorly for residential properties. CAD software is used for making the architectural designs, after which, the team of engineers work on the actual construction on the basis of the CAD design.

This market research report provides a comprehensive overview of the India CAD software market


Historical and the present size of the India CAD software
Future potential of the market through its forecast for the period 2020– 2030
Major factors driving the market and their impact during the short, medium, and long terms
Market restraints and their impact during the short, medium, and long terms
Recent trends and evolving opportunities for the market participants
Historical and the present size of the market segments and understand their comparative future potential

Comments

Post a Comment

Popular posts from this blog

Increasing Internet Penetration Fueling Demand for Product Analytics

With the increasing penetration of the internet in both developing countries such as China and India and developed countries such as Singapore and the U.S., the worldwide demand for product analytics is rising rapidly. For example, according to the Office for National Statistics, in 2018, 90% of all households in Great Britain had access to the internet. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/product-analytics-market/report-sample Additionally, the total percentage of adults who used the internet daily grew from 35% to 86% from 2006 to 2018 in the country. The rapid digital transformation in various countries is pushing up the requirement for product analytics solutions. Moreover, businesses all over the world are increasingly adopting advanced technologies such as product analytics for building a holistic understanding and delivering greater customer engagement. Apart from this, rapid advancements and innovations being made in various cog...
Post a Comment
Read more

Demand for Webgames Set to Shoot Up in Asia-Pacific in Coming Years

The global webgame market valuation will rise from $3.5 billion in 2019 to $6.5 billion by 2030. Furthermore, the market is predicted to demonstrate a CAGR of 5.7% between 2020 and 2030. Depending on genre, webgames are classified into sports games, real-time strategy games, massive multiplayer online roleplaying games (MMORPGs), arcade games, and first-person shooters. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/webgame-market-insights/report-sample Out of these, the popularity of first-person shooters will grow sharply across the world in the forthcoming years, as per the estimates of P&S Intelligence, a market research company based in India. These types of games are not like the third-person shooters, in which, the gamers can see the character which they are controlling. As these games are highly engrossing and thrilling, their popularity is soaring rapidly all over the world. Globally, the webgame industry is predicted to exhibit the...
Post a Comment
Read more

Vision Sensor Market to Demonstrate a CAGR of 12.7% during 2020–2030

The vision sensor market generated revenue worth $2.5 billion in 2019 and is expected to reach $9.2 billion by 2030, while displaying a CAGR of 12.7% during the forecast period. The growth will be driven by the surging demand for vision sensors from the automobile industry, advent of Industry 4.0, and increasing adoption of smart vision sensors. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/vision-sensor-market/report-sample With the advent of Industry 4.0, the demand for industrial automation solutions is expected to increase in future. This will eventually propel the vision sensor market growth during the forecast period. The vision sensors play an imperative role in the making of intelligent and automatic products. For example, vision sensors are employed in the inspection of manufactured products in the food & beverage, electronics, and automobile industries.  Therefore, the surging demand for industrial automation will create several...
Post a Comment
Read more