Global CAD Software Sourcing and Procurement Report Forecasts the Market to Have an Incremental Spend of USD 3.47 Billion | SpendEdge

Global CAD Software Sourcing and Procurement Report Forecasts the Market to Have an Incremental Spend of USD 3.47 Billion | SpendEdge

NEW YORK, Jan. 20, 2022 /PRNewswire/ — During the forecast period, the CAD Software industry will see an increase in spending of around USD 3.47 Billion. However, the majority of this expansion will be driven by only a few regions. Furthermore, due to their supplier base, North America, Europe, and APAC will have the most effect on the supply side.

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Key CAD Software Sourcing and Procurement Report Highlights:

  1. Market growth 2020-2024: USD 3.47 Billion
  2. Growth momentum & CAGR: Accelerate at a CAGR of 6.77%
  3. Top Pricing Models: Cost-based pricing, and Fixed pricing
  4. Key consumer countries: North America, Europe, and APAC
  5. Supplier Selection Criteria: Technical specifications, Operational requirements, Acceptance criteria, and Evaluation criteria
  6. Top Suppliers Hexagon AB, Nemetschek SE, and Bentley Systems Inc

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Insights into Supplier Selection and Evaluation:

Profile and service capabilities of the service provider, industry specialization of the service providers, reputation of service providers, and assessment of value-added services are some of the most critical parameters that buyers use to shortlist the suppliers in equipment finance.

This report evaluates suppliers based on design efficiency, convenience in the communication of design information, training support, and domain expertise. In addition, suppliers are also shortlisted based on business needs, technical specifications, operational requirements, security compliance, regulatory mandates, legal requirements, quality control, pricing models, penalty clauses, SLA nuances, acceptance criteria, evaluation criteria, and working environment.

For more insights on buyer strategies and tactical negotiation levers,

Key Drivers and Trends Fueling CAD Software Market Growth:

  • The pressure from substitutes and a moderate level of threat from new entrants has resulted in the low bargaining power of suppliers.
  • Price forecasts are beneficial in purchase planning, especially when supplemented by the constant monitoring of price influencing factors.
  • Identify favorable opportunities in CAD Software TCO (total cost of ownership).
  • Expected changes in price forecast and factors driving the current and future price changes.
  • Identify pricing models that offer the most rewarding opportunities.

To know more about various other market drivers, trends and challenges.

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Buy our detailed market analysis report to uncover:

  • Changing CAD Software market landscape with yearly forecast till 2024.
  • Analyze the CAD Software market’s competitive and vendor landscape.
  • How much marketing budget to set aside for geographical CAD Software market expansion?
  • Understanding the most adopted procurement strategies by buyers across industries.

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Table of Content

  • Executive Summary
  • Market Insights
  • Category Pricing Insights
  • Cost-saving Opportunities
  • Best Practices
  • Category Ecosystem
  • Category Management Strategy
  • Category Management Enablers
  • Suppliers Selection
  • Suppliers under Coverage
  • US Market Insights
  • Category scope
  • Appendix

About SpendEdge:

SpendEdge shares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering, real-time procurement market intelligence reports and solutions.



Anirban Choudhury

Marketing Manager

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