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Tuesday, July 10, 2018

CIMdata Publishes Global CAM Market Analysis Report

CAM Market Grew 7.8% in 2017

ANN ARBOR, Michigan, 10 July 2018—CIMdata, Inc., the leading global PLM strategic management consulting and research firm, announces the release of the 2018 CIMdata CAM Market Analysis Report (MAR), the twenty-sixth 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 7.8% in calendar year 2017. The estimated end-user payments grew from $1.94 billion in 2016 to nearly $2.1 billion in 2017. According to Mr. Stan Przybylinski, CIMdata’s Vice President, “The CAM results were very strong in 2017, above the top end of its historical range of 5 to 7% growth. There has been stronger growth in machine tools in the last 12 to 18 months which could be helping to drive investments in new CAM software.” CIMdata projects that in 2018 growth in manufacturing will continue and end-user payments for CAM software will increase by 8.1% to $2.26 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.

The size and growth of the CAM 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 are reseller revenues and approximately two-thirds of the revenues are payments made directly to software suppliers.

Figure 1

According to Mr. Mike Fry, the director of CIMdata’s Manufacturing Systems Engineering Practice, “The CAM market had solid growth in 2017, but it will be interesting to watch the adoption of additive manufacturing technology into the mainstream manufacturing process. There will be significant changes in how additive manufacturing is incorporated into the PLM digital thread and its effects on the market. We are seeing the emergence of specialized functionality for additive manufacturing, in combination with subtractive manufacturing, from the software providers and machine tool manufactures." He continued, “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.”

The 2018 version of the CAM MAR is a 154-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 2018 CIMdata CAM Market Analysis Report is available for purchase at: http://www.cimdata.com/en/research/plm-market-analysis-report-series.

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