The CAD (computer-aided design) software market is expected to grow from USD 6.21 billion in 2018 to USD 9.59 billion by 2023, at a CAGR of 9.14% during the forecast period. The growth of the CAD software market is driven by the increasing demand for 3D printing, rising demand for cloud-based solutions, and the need for product customization. CAD software is used for the creation, modification, analysis, or optimization of a design. It is used across a wide range of industries, including automotive, aerospace and defense, electrical and electronics, machinery, and shipbuilding. These software solutions are used to design 2D and 3D models of products. The models created can be used for analysis, prototyping, manufacturing, or marketing purposes. The cloud-based solutions segment is expected to grow at the highest CAGR during the forecast period. The cloud-based solutions segment includes solutions that can be accessed through the internet. These solutions are provided by service providers on a pay-per-use basis. The rising trend of Bring Your Own License (BYOL) and the pay-as-you-go pricing model are expected to fuel the growth of this segment.
There are many online services that offer CAD software. Some of these services are subscription based, while others are one-time fees. The software ranges from simple 2D drafting to complex 3D modeling.
Overall, cad online services provide a great way for businesses to save money and time. They are easy to use and allow businesses to collaborate with others in real-time. Additionally, businesses can use cad online services to create 3D models and simulations.