CAM Software Market Pegged To Reach US$2.06B

Worldwide: The growth for this year’s manufacturing sector is forecast to continue and sales for CAM Software Market is projected to increase 6.4 percent to US$2.06 billion, according to a report by market intelligence company CIMdata.

Based on end-user sales, the global CAM Software Market and its related services market rose 6.9 percent in 2016. The estimated sales grew from US$1.81 billion in 2015 to US$1.94 billion in 2016.

Stan Przybylinski, vice president, research, CIMdata, said: “The CAM results were solid in 2016, with few of the currency effects that impacted the results. Even in the face of slower machine tool consumption, companies still continue to invest in new CAM software.”

The CAM software market has been growing slowly but steadily as global economies continue to improve, resulting in an increase in the sale of machine tools and manufacturing output.

“There will be significant changes in how additive manufacturing is incorporated into the product lifecycle management digital thread and its effects on the market,” said Mike Fry, director, manufacturing systems engineering practice, CIMdata. “We are seeing the emergence of specialised functionality for additive manufacturing, in combination with subtractive manufacturing, from the software providers and machine tool manufactures.”

Greater emphasis has been placed on the efficient operation of machine tools as manufacturing firms have strengthened their competitive positions; and the overall product lifecycle management market, of which CAM Software Market is a component, has continued on a strong growth path during this period. CAM software market purchases are related to all of these factors—particularly machine tool sales.

“We are also seeing substantial interest in the adoption of the Internet of Things and Industry 4.0 across the manufacturing value chain, this, added with predictive analytics should accelerate the manufacturing market in the near term,” concluded Mr Fry.

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