Growth

COVID-19 Impacts: Computer-Aided Design Market Will Accelerate at a CAGR of Over 5% Through 2020-2024 | Increasing Demand for CAD for Manufacturing Products to Boost Growth | Technavio

LONDON–()–Technavio has been monitoring the computer-aided design market and it is poised to grow by USD 2.53 billion during 2020-2024, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Autodesk Inc., Bentley Systems Inc., Dassault Systemes SE, FUJIFILM Holdings Corp., General Electric Co., Hexagon AB, IMSI Design LLC, PTC Inc., Siemens AG, and Trimble Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in

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Computer Vision, ‘Sticky’ Consumers, Revenue Growth

Ambarella Inc (NASDAQ: AMBA) has solidified its status as the leader in video capture, compression and transmission processors and should now be considered a leader in computer vision, according to Rosenblatt Securities.

The Ambarella Analyst: Kevin Cassidy initiated coverage of Ambarella with a Buy rating and $60 price target.

The Ambarella Thesis: The bullish case for Ambarella’s stock is based on the thesis that the need to store and analyze data is growing exponentially and much of that data comes from video, Cassidy said in a Monday initiation note. (See his track record here.)

Ambarella has been considered the leader in video capture, compression and transmission over the last 15 years and is now a leader in converting captured video into useful information, the analyst said. 

The company’s end market consists of roughly 60% surveillance, 20% automotive and 20% consumer, he said.

Among its clients, around 80% represent

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