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Geographically, North America held the largest share in the CAD software market in 2019, and it is projected to continue leading the industry during the forecast period. North America вЂ“ Largest Adopter of CAD Software The usage of 3D CAD models is increasing for planned surgeries, especially those involving the implantation of medical devices and prostheses. With the aid of 3D CAD modeling, it has become possible to create 3D models from the data acquired from medical images, such as magnetic resonance imaging ( MRI) and computed tomography ( CT) scans. The role of 3D CAD software is no longer limited to engineering design in the manufacturing sector it is increasingly being used in the healthcare industry. The healthcare category is projected to witness the fastest growth in the CAD software market during the forecast period, under the application segment. CAD Software Is Expected To Gain Fastest Adoption in Healthcare Industry Due to budget constraints, they require software that costs less, but offers more productivity and value.

It has been observed that intermediate-level designers are the most active users in the industry, primarily designing models for small-sized and some mid-sized projects. This was majorly due to the presence of a large number of designers functioning at the intermediate level, globally. The intermediate category held the largest share in the CAD software market in 2019, on the basis of level. CAD Software Usage at Intermediate Level Dominated Market during Historical Period For instance, internet penetration was about 90% in North America and more than 85% and 55% in Europe and Asia-Pacific (APAC), respectively, as of July 2020. This would primarily be because of the global rise in internet penetration and awareness regarding the fact that cloud makes CAD functionality easier, with better access to data. Cloud-Based Deployment Is Projected To Attain Faster Growth in IndustryДuring the forecast period, the CAD software market is projected to register the faster growth in the cloud bifurcation, based on deployment. It can be seen from various directions and angles, which further helps the designer be sure that the object looks exactly the way he/she wants it to be. Solid modeling CAD software enables the designer to see the designed object as it would look like when manufactured.

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This is majorly due to the rise in the focus on precise designing and professional product prototyping. The solid modeling category dominated the CAD software market during the historical period (2014вЂ“2019), and it is projected to continue its dominance during the forecast period. Solid Modeling Category Is Projected To Dominate Market during Forecast Period as Well It also helps accelerate the product development cycle, with virtual testing and optimization. 3D CAD offers several advantages over 2D CAD, including enhanced product visualization and presentation. This can be mainly attributed to the high adoption of 3D CAD software, owing to the increasing number of professionals in the field of designing, especially in sectors such as aerospace & defense, automotive, and healthcare.

Three-dimensional (3D) CAD software held the larger share in the CAD software market in 2019, based on technology. Additionally, the construction of buildings has also been postponed in some countries, thereby reducing the demand for CAD software.ДЈD CAD Software Held Larger Market Share in 2019

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Furthermore, in the media and entertainment industry, there has been an intermittent suspension of movie and advertisement production.

Several factors, including the halt in production across several industries, in the wake of the complete or partial lockdown, have been considered for the market number estimation for 2020. The CAD software market growth has shown a dip in 2020, owing to the global lockdown to curtail the spread of the novel coronavirus (COVID-19) disease. Such factors are resulting in the increasing demand for CAD software, globally. Packaging machines are increasingly becoming complex, especially with the rise in the focus on efficiency, due to which designers and engineers are deploying CAD software to meet mechatronic engineering challenges. A major factor driving the growth of the market is the increasing usage of CAD software in the manufacturing and automotive industries. Valued at $9.3 billion in 2019, the global computer-aided design (CAD) software market size is set to witness growth of 6.6% during 2020вЂ“2030 (forecast period), reaching $18.7 billion by 2030.