As product complexity and engineering innovation evolve, the importance of pre- production design has never been more important. High production pressures in certain sectors, such as aerospace, exacerbate this importance. 

As with most IT service businesses, the move to a subscription-based SaaS model is key, as evidenced by the recent transition by Autodesk, even if results are slightly below expectations. 

Innovative CAD businesses with a proven SaaS model will be highly prized by investors and acquirers alike, and we continue to watch this space with interest.