Press release
CAM Software Market to Escalate with Improved Revenue Rates by 2025
Cam Software Market
CAM is the resulting computer-aided process for computer-aided designing (CAD) and computer-aided engineering (CAE), since the model generated in CAD and tested in CAE can be input for CAM software, which helps control the machine tool. Computer-aided manufacturing (CAM) is the use of software and computer-controlled machinery to automate the manufacturing processes. CAM software assists engineers, architects, designers in manufacturing and designing objects, specifically computer numerical control (CNC) machining.
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Rise in demand for sophisticated computer-aided manufacturing in various industries such as automobiles, aerospace & defense, and others drives the growth of the CAM Software market.Furthermore, surge in industrialization and increase in use of CAM software in packaging machinery drive the CAM market growth. In addition, rise in adoption of cloud technologies is expected to provide lucrative opportunities for the market growth. However, availability of open-source and free CAM software impede the growth of this market.
The global CAM software market was led by North America in 2017. However, Asia-Pacific is anticipated to dominate the CAM market owing to its fastest growth rate, registering a CAGR of 9.60% during the forecast period.
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Key Findings of the CAM Software Market:
• The machine tool industry segment is expected to exhibit significant increase in terms of revenue during the forecast period.
• In 2017, 2D CAM software segment accounted for the highest revenue among the other modes of transportation; however, 3D CAM software is expected lead the market during the forecast period.
• Asia-Pacific is projected to exhibit substantial growth during the forecast period.
Some of the key players operating in the CAM Software market include Autodesk Inc., Mastercam, SolidCAM Ltd., EdgeCAM, ZWCAD Software Co., Ltd., GRZ Software, BobCAD-CAM, Inc., Cimatron Group, Camnetics, Inc., MecSoft Corporation, Dassault Systmes, and Siemens Product Lifecycle Management Software Inc.
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