3D designing software maker Autodesk today said India is among its most promising markets with huge opportunities in automotive, construction and media and entertainment industries.
"As an important emerging economy within APAC region, India's business opportunity in automotive and construction is huge for us. Add to that the flourishing media, entertainment and creative industries," Autodesk India and SAARC Managing Director Pradeep Nair told PTI.
Autodesk's APAC revenue in November 2013-January 2014 quarter was USD 150 million and emerging economies revenue was USD 88 million, up 5 per cent year-on-year.
"These are the regions where Autodesk is betting big for its future growth and India is key to that growth. We want to further strengthen our business in India," he said.
Popular Autodesk solutions include AutoCAD Design, Building Design and Product Design, which are used by professionals from construction, film and television, industrial equipment and road and highways industries. Its solutions are priced from Rs 30,000 onwards.
The Nasdaq-listed firm is launching a new set of solutions -- Autodesk 2015 Design Suites -- integrated with cloud services to help users work better and faster. It is also offering a subscription model, which will make it more afforable for users.
"The solutions have a new interface and enhanced productivity tools that enable customers to experience a new standard in design and documentation. With Autodesk Subscription, customers will find it more convenient and flexible to access the tools they need, when they need them, to help grow their business," he said.
Autodesk has recently expanded its reach within India to more locations in tier II centres like Ludhiana, Coimbatore, Nashik and Surat, where there is a significant uptake of CAD based tools and software.
According to reports, the Computer Aided Design (CAD) software market in the APAC region is expected to grow at a CAGR of close to 11 per cent between 2012 and 2016.
One of the key factors contributing to this market growth is the increasing need to develop superior-quality products. The CAD market has also been witnessing the integration of CAD with enterprise solutions.
