DUBLIN — (BUSINESS WIRE) — October 21, 2013 — Research and Markets ( http://www.researchandmarkets.com/research/vphbh5/cad_market_in_the) has announced the addition of the "CAD Market in the APAC Region 2012-2016" report to their offering.

The analysts forecast the CAD market in the APAC region to grow at a CAGR of 10.73 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing need to develop superior-quality products. The CAD market in the APAC region has also been witnessing the integration of CAD with enterprise solutions. However, the easy availability of pirated and open source CAD software could pose a challenge to the growth of this market.

The key vendors dominating this market space are Autodesk Inc., Dassault Systèmes SA, Siemens PLM Software Inc., PTC, and Bentley Systems Inc.

Other vendors mentioned in the report are Aveva Group plc, CAXA Technology Co., Ltd., ZWSoft Co., Ltd., Suzhou Gstarsoft Co., Ltd., XS CAD Ltd., and Project CAD Services Pty. Ltd.

Commenting on the report, an analyst from the team said: As a result of the increasing competition among companies for better customer retention and customer satisfaction, there is an urgency to develop high-quality products. Thus, several developing countries across the globe are witnessing increased investment, to meet the domestic and international demand for quality product development. This, in turn drives toward the increased adoption of CAD solutions that enables companies to effectively design products with better quality and accuracy. Thus, several CAD vendors have started to vie for increased market reach to tap into the share of customers. These CAD vendors conduct seminars, participate in industrial exhibitions, have tie-ups with educational institutions, and exhibit their products alongside the products of the machine tool manufacturers. Further, they also conduct road shows in several industrial areas, across the countries in the APAC region.

According to the report, the CAD market in the APAC region is experiencing many growth drivers such as the increasing need to develop superior quality products. Many industries such as Civil, Automotive, Industrial Machinery, and Aerospace and Defense use CAD software to develop effective and efficient designs with the utmost ease and accuracy.

For more information visit http://www.researchandmarkets.com/research/vphbh5/cad_market_in_the

About Research and Markets

Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.