CRM Software Market Offers Stable Growth 2019 - SAP, Oracle Siebel, Salesforce.com, Microsoft Dynamics, NetSuite, IBM

Allied Market Research recently published a report, titled, “CAM Software Market by Design Type (2D and 3D) and Application (Aerospace & Defense Industry, Shipbuilding Industry, Automobile & Train Industry, Machine Tool Industry, and Others): Global Opportunity Analysis and Industry Forecast, 2018–2025”. According to the report, the global CAM software market was pegged at $2.09 billion in 2017 and is estimated to garner $3.57 billion by 2025, registering the CAGR of 7% during the period 2018–2025.

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Rise in use of CAM software in packaging machinery, increased investment in R&D activities for CAM market, and rise in industrialization have boosted the growth of the global CAM software market. However, availability of free and open-source CAM software hinder the market growth. On the contrary, increase in adoption of cloud-based technologies is expected to create lucrative opportunities for the market players in the coming years.

Based on design type segment, the 2D segment led the CAM software market in 2017. However, the 3D segment is expected to witness the highest growth, owing to its increased need of CAM software to provide accurate and faster programming of CNC machining for more complex geometries.

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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.

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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