Ann Arbor, MI, June 18, 2016 --(PR.com
)-- CIMdata, Inc., the leading global PLM strategic management consulting and research firm announces the release of the 2016 CIMdata CAM Market Analysis Report (MAR), the twenty-fifth annual study of the global Computer-Aided Machining (CAM) market.
CIMdata estimates that based on end-user payments, the worldwide CAM software and related services market grew by 2.8% in calendar year 2015. The estimated end-user payments grew from $1.76 billion in 2014 to $1.81 billion in 2015.
According to Stan Przybylinski, CIMdata’s VP of Research, “Just like PLM revenues overall, currency effects dragged down the CAM results, with CIMdata estimating year-on-year growth of 12.9% in constant currencies.” CIMdata projects that in 2016 growth in manufacturing will continue and end-user payments for CAM software will increase by 6.5% to $1.93 billion.
Since 2002, the CAM software market has shown modest but steady growth as global economies generally improved. There has been worldwide growth in the sale of machine tools and manufacturing output; greater emphasis has been placed on the efficient operation of machine tools as manufacturing firms have strengthened their competitive positions; and the overall PLM (Product Lifecycle Management) market, of which CAM software is a component, has continued on a strong growth path during this period. CAM software purchases are related to all of these factors—particularly machine tool sales.
According to Mr. Jeanne Naysmith, the leader of CIMdata’s Manufacturing Practice, “The CAM market had solid growth in 2015, but it will be interesting to watch the adoption rate of cloud-based CAM, an issue raised by many leading CAM solution providers during our annual survey. While there are obstacles for both buyers and sellers to realize the wide adoption of cloud-based CAM, CIMdata expects the use of cloud-based CAM software to grow at a rate faster than the overall CAM software market. This growth will come from new users drawn to the low-risk start-up value-proposition offered by a cloud-based application, and by cloud-based offerings supplanting existing desktop software whose users will likely be attracted to the operational flexibility enabled by cloud-based subscription models.”
The 2016 edition of the CAM MAR is a 135-page report containing 22 charts and 39 tables of data detailing the worldwide CAM market along a number of dimensions. It also includes a discussion of trends in the CAM industry and updates on the top CAM solution providers.
The 2016 CIMdata CAM Market Analysis Report is available for purchase at: http://www.cimdata.com/en/research/plm-market-analysis-report-series.