CAM Software Market Expected to Reach $3,572 Million by 2025 : Autodesk Inc., Mastercam, SolidCAM Ltd., EdgeCAM, ZWCAD Software Co., Ltd., GRZ Software, BobCAD-CAM, Inc., Cimatron Group, Camnetics, Inc., MecSoft Corporation

Increase in use of CAM software in packaging machinery, surge in industrialization, and investment in R&D activities for CAM market are anticipated to drive the growth of the global CAM software market. In addition, surge in adoption of cloud-based technologies is expected to create lucrative opportunities for the CAM market growth. However, availability of free and open-source CAM software is anticipated to hamper the market growth during the forecast period.

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.

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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According to a recent report published by Allied Market Research, titled, CAM Software Market by Design Type and Application: Global Opportunity Analysis and Industry Forecast, 2018-2025, the global CAM Software market was valued at $ 2,092 million in 2017, and is projected to reach at $3,572 million by 2025, growing at a CAGR of 7.00% from 2018 to 2025.

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.

Top Impacting Factors

Increased use of CAM software in packaging machinery, rise in industrialization, and surge in adoption of cloud-based solutions drive the demand for the CAM software market. However, availability of free and open-source CAM software hampers the growth of the market.

Increased Use of CAM Software in Packaging Machinery

The major factor that propels the growth of the CAM software market is the surge in adoption of CAM software in packaging machinery that helps to complete various phases of the packaging process. These phases include filling, wrapping, strapping, and labelling. As the packaging machines are becoming increasingly complex with higher efficiency demand, engineers and designers adopt CAM software to face unique mechatronic engineering challenges. CAM software offers an innovative tool, which is expected to increase the productivity and reduce the overall cost per package. Moreover, emergence of smart packaging is expected to fuel the growth of the CAM software market share in packaging machinery as designers streamline the communication between electrical engineering controls and mechanical systems through CAM integrated product development solutions.

Rise in Industrialization

The rise in industrialization, which is mainly focused on digital innovations and incorporates elements such as automation, biotechnology, artificial intelligence (AI), the Internet of Things (IoT), and 3D printing, which is expected to increase the demand for CAM software as an important part of this new wave of technologies. Moreover, it has led to the emergence of quality checks and inspection agencies to examine the entire product development and production processes. This has led manufacturers to meet the requirements of regulatory bodies. Increase in need for meeting these rules and regulations fuel the demand to adopt 2D or 3D CAM software among product developers to create quality products. Furthermore, rise in need for product visualization and rapid prototyping in different industries are expected to provide lucrative opportunities for the market growth.

Availability of Free and Open-Source CAM Software

Availability of free and open-source CAM software is estimated to hinder the growth of the CAM software market in the coming years. Small & medium enterprises seek freeware, leading to widespread adoption of free and open source CAM, which is expected to impede the growth of the CAM software market in future.

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Rise in Adoption of Cloud-based Solutions

Major shift from proprietary software to cloud-based subscription is expected to provide lucrative opportunities for the growth of the market. The adoption of cloud-based solutions is expected to grow at a faster rate as it enables end users to reduce their overall implementation and ownership cost. Growth of cloud-based solutions is expected to come from new users drawn to the low-risk start-up value-proposition offered by a cloud-based application, and by cloud-based offerings replacing existing desktop software whose users are expected to be attracted to the operational flexibility enabled by cloud-based subscription models. Furthermore, to enhance their product, vendors of the CAM software offer additional features and launch new products, which are projected to boost the adoption of CAM software among the end users.

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