CAM Market Grew 8.8% in 2018
ANN ARBOR, Michigan, 6 June 2019—CIMdata, Inc., the leading global PLM strategic management consulting and research firm, announces the release of the 2019 CIMdata CAM Market Analysis Report (MAR), the twenty-seventh 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 8.8% in calendar year 2018. The estimated end-user payments grew from $2.1 billion in 2017 to nearly $2.3 billion in 2018. According to Mr. Stan Przybylinski, CIMdata’s Vice President, “The CAM results were very strong in 2018, 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 2019 growth in manufacturing will continue and end-user payments for CAM software will increase by 8.1% to nearly $2.5 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.
Size and Growth of the CAM Software and Related Services Market Based on End-User Payments
The 2019 version of the CAM MAR is a 116-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 2019 CIMdata CAM Market Analysis Report is available for purchase at: https://www.cimdata.com/en/research/plm-market-analysis-report-series.
