Effective Deployment of 4D CAD solutions is, according to TechNavio, www.technavio.com, Elmhurst, Ill., expected to enable growth in the global MCAD (mechanical computer-aided design) software market. The tech-focused research firm indicates that increased popularity of cloud-based MCAD software will be a market trend to watch over the next few years.

TechNavio, in announcing a new report it has published on the global MCAD (mechanical computer-aided design) software market, predicts growth at a CAGR of 10.81 percent from 2014-2018. “Many SMEs (small and medium-sized enterprises) are turning to cloud-based MCAD software because it is more cost-effective,” says Faisal Ghaus, vice president of TechNavio, which employs primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets.

“By hosting the software over the cloud,” continues Ghaus, “end users can significantly reduce their server, maintenance, and physical storage costs and can improve the efficiency of their product development cycle.”

Additionally, intense competition in the market has led several vendors to incorporate additional features and functionalities into their software, like developing 4D CAD solutions that will increase operational performance.

“4D CAD improves the project execution strategy, thus leading to better constructability and also enables the sequencing of construction schedules with granular level information,” explains Ghaus. “Effective deployment of 4D CAD solutions is also expected to enable effective manageability of resources while staying on track with project schedules.”

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