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India CAD Software Market Share, Size, Future Demand, and Emerging Trends

The government’s Make in India initiative aims to make the country a global center of manufacturing. This is not only leading to the construction of manufacturing plants but also innovations in the technologies being used in various stages of the process, right from designing and raw material and component procurement planning to the actual manufacturing and testing. One of the technologies that are rapidly taking over the Indian manufacturing sector is computer-aided designing (CAD).

Being a replacement for those huge paper charts, CAD greatly reduces the time spent in designing complicated products and their components and even production equipment. Moreover, with CAD, before the design is put to production, it can be simulated to look for defects and evaluate its performance in the real world, which further reduces the redesigning and modification time. As a result of such advantages, the Indian CAD software market, which valued $445.6 million in 2019, will reach $696.9 million by 2025, at an 8.2% CAGR between 2020 and 2025.

The expanding construction and manufacturing industries are therefore driving the Indian CAD software market, especially in Maharashtra, where the adoption of this software is expected to shoot up in the years to come. In recent years, the state government has announced a slew of plans for the construction of infrastructure and boosting its manufacturing output. One of the most-ambitious projects in this regard is the Delhi–Mumbai industrial corridor, under which Maharashtra will get numerous industrial and special economic zones, a greenfield expressway, smart cities, international airport and seaport, and a portion of the Western Dedicated Freight corridor.

Now, since the manufacturing and construction sectors are highly competitive, with companies needing to strongly guard their designs and other secrets, they have traditionally deployed CAD software on their premises. However, with the increasing awareness about cloud computing, CAD software is being increasingly hosted on third-party servers. One of the key steps in achieving profitability is operational expenditure reduction, where the cloud plays a big role by reducing the requirement for expensive on-site IT components, thus allowing for storage capacity scalability and employee mobility.

Browse detailed report - https://www.psmarketresearch.c....om/market-analysis/i

Hence, with a boom in construction and manufacturing activities, the usage of CAD software in India will continue to grow.

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