Press release
CAM Software Market : Key player are Autodesk Inc., SolidCAM Ltd., ZWCAD Software Co., Ltd., Camnetics, Inc., BobCAD-CAM, Inc., MecSoft Corporation, Siemens Inc., Dantec Dynamics A/S, Vero International Software, and Fanuc Robomachine GmbH
Key companies in the global CAM software market are Autodesk Inc., SolidCAM Ltd., ZWCAD Software Co., Ltd., Camnetics, Inc., BobCAD-CAM, Inc., MecSoft Corporation, Siemens Inc., Dantec Dynamics A/S, Vero International Software, and Fanuc Robomachine GmbH.
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The driving factor of the global CAM software market is the rise in industrialization across the globe. The increase in automation, Artificial Intelligence (AI), Internet of Things (IoT), and 3D printing drives the demand for CAM software. Additionally, the development of smart packaging software solutions is anticipated to fuel the market. It helps to streamline the communication in packaging and automotive industries. Moreover, increasing need for product visualization and rapid prototyping in different sectors such as manufacturing and packaging are expected to provide significant opportunities for growth of the CAM software market. However, stringent rules and regulations by governments hamper the growth of the market.
The global CAM software market can be categorized based on model, enterprise size, industry vertical, and geography. Based on model, the market can be segmented into 3D model and 2D model. Based on enterprise size, the global CAM software market can be classified into small-medium enterprises and large enterprises. Large enterprises are estimated to account for the highest market share in 2018 due to the early adoption of CAM software. However, adoption in small-medium enterprises is projected to grow at the highest CAGR due to rise in focus of key players in the CAM software market to offer customized services to small-medium enterprises. In terms of industry vertical, the market can be divided into BFSI (Banking, Financial Services and Insurance), government, IT and telecom, healthcare, logistics, education, retail, media and entertainment, packaging, manufacturing, energy and utility, and others (travel and hospitality, legal, construction etc.). The packaging industry is expected to expand at a high rate as packaging machines have adopted CAM software to complete various phases of the packaging process such as filling, strapping, wrapping, and labeling. Moreover, CAM software helps to increase productivity and reduces the overall cost per package.
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Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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