Global 3D CAD Software Market to reach USD 14.76 billion by 2027.Global 3D CAD Software Market is valued at approximately USD 9.5 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 6.5% over the forecast period 2021-2027. Major growth factors for the 3D CAD software market include increased use in the automotive sector, growing focus on additive manufacturing by manufacturers and the introduction of a cloud-based platform for 3D CAD software. Numerous companies are shifting towards cloud-based architecture to increase design flexibility and streamline workflows. For example, in October 2019, PTC acquired a Software as a Service (SaaS) product design platform named Onshape Inc. in order to transition to a cloud-based SaaS platform and attract new customers. Furthermore, growing end-uses of 3D CAD software technology in packaging, automotive, aerospace and manufacturing sector are expected to propel the market forward in coming years. However, lockdowns imposed due to COVID-19 pandemic has slowed down various end-use industries including manufacturing, automation, etc. which has negatively affected the 3D CAD software market. Also, the high cost associated with computer-aided designing may hamper the market growth.

Geographically, North America is dominating the global 3D CAD Software market owing to the US government's support for deploying digitization solution in the manufacturing sector. Also, the presence of major market players is contributing significantly to the region' market growth. Furthermore, Asia Pacific is expected to register the highest CAGR from 2021 to 2027 attributable to the growth of various end-use industries such as engineering, design and development sectors in the region.
Major market player included in this report are:
Autodesk Inc.
Bentley Systems, Inc.
Bricsys NV
Graphisoft
Hexagon AB
Oracle
PTC
Schott Systeme GmbH
Siemens
ZWSOFT Co., Ltd.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Type offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Deployment:
Cloud
On-premises
By Application:
AEC
Manufacturing
Automotive
Healthcare
Media & Entertainment
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year -2020
Forecast period - 2021 to 2027.

Target Audience of the Global 3D CAD Software Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors