CIMdata PLM Industry Summary Online Archive
14 May 2009
CIMdata News
CIMdata Publishes 2008 NC Software Market Report Showing Market Growth of 5.2% in 2008
CIMdata, Inc., the leading global PLM consulting firm today announced publication of the 2008 NC Market Assessment Report which estimates that based on end-user payments, the worldwide NC software and related services market grew by 5.2% in 2008 to reach a level of $1.47 billion. CIMdata further projects that in 2009, the growth rate of these payments will slow to 1.3% as the market approaches the $1.5 billion level. The expected reduction in the market growth rate in 2009 is a direct result of a downturn in the global economy—specifically the manufacturing industry.
Since a similar downturn in the 2000 to 2002 period, the NC software has shown modest but steady growth as global economies improved. There was worldwide growth in the sale of machine tools and manufacturing output, greater emphasis was placed on the efficient operation of machine tools as manufacturing firms strengthen their competitive position, and the overall PLM (Product Lifecycle Management) market, of which CAM is a component, continued on a strong growth path. CAM software purchases are directly related to all of these factors. The size and growth of the NC software and related services market based on end-user payments is shown in the chart below. It can also be seen that approximately one-third of the end-user payments result in reseller revenues and approximately two-thirds of the revenues are payments to software vendors.
he above information is contained in Version 18 of the CIMdata NC Software and Related Services Market Assessment Report that is now available for purchase from CIMdata. Mr. Alan Christman, CIMdata Chairman and primary author of the report, commented, “Even though the CAM software market (software to control machine tools cutting parts) is a relatively mature market, it has been active and exciting for the past several years. Some software vendors have had annual revenue growth rates of more than 30% per year, a number of significant acquisitions or mergers have been made, integration with other elements of manufacturing software is occurring, new manufacturing areas such as China are emerging, corporations are placing greater emphasis on streamlining manufacturing operations, and the underlying CAM software technology continues to evolve.”
About CIMdata
CIMdata, a leading independent worldwide firm, provides strategic consulting to maximize an enterprise’s ability to design and deliver innovative products and services through the application of Product Lifecycle Management (PLM) solutions. Since its founding more than 25 years ago, CIMdata has delivered world-class knowledge, expertise, and best-practice methods on PLM solutions. These solutions incorporate both business processes and a wide-ranging set of PLM enabling technologies.
CIMdata works with both industrial organizations and suppliers of technologies and services seeking competitive advantage in the global economy. CIMdata helps industrial organizations establish effective PLM strategies, assists in the identification of requirements and selection of PLM technologies, helps organizations optimize their operational structure and processes to implement solutions, and assists in the deployment of these solutions. For PLM solution suppliers, CIMdata helps define business and market strategies, delivers worldwide market information and analyses, provides education and support for internal sales and marketing teams, as well as overall support at all stages of business and product programs to make them optimally effective in their markets.
Become a member of the CIMdata PLM Community to receive your daily PLM news and much more.
Tell us what you think of the CIMdata Newsletter. Send your feedback.
CIMdata is committed to your privacy. Your personal information will never be sold or shared outside of CIMdata without your express permission.