The Golden Age of CAM Software Market has started, Says Allied Market
The global CAM software market was pegged at $2.09 billion in 2017 and is projected to reach $3.57 billion by 2025, registering a CAGR of 7.0% from 2018 to 2025. On the basis of application, the market is divided into the aerospace & defense industry, shipbuilding industry, automobile & train industry, machine tool industry, and others. The machine tool industry segment is expected to garner the largest share in the market by 2025. However, the aerospace & defense segment is expected to manifest the fastest CAGR during the forecast period. The automobile & train industry segment is projected to register a CAGR of 7.1% during the forecast period.
Access full summary report at https://www.alliedmarketresearch.com/CAM-software-market
Increase in use of CAM software in packaging machinery, rise in industrialization, and a surge in the investment of R&D activities in the CAM market are the major factors that drive the growth of the global CAM software market. However, the availability of free and open-source CAM software hampers market growth. On the contrary, an increase in the adoption of cloud-based solutions and rapid technological advancements in CAM software are expected to create lucrative opportunities in the near future.
The report offers a detailed analysis of the major market players such as Mastercam, Autodesk, EdgeCAM, SolidCAM, GRZ Software, ZWSoft, Cimatron Group, Bobcad, MecSoft, and Camnetics, Inc.
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The global CAM software market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across the Asia-Pacific region dominated the market in 2017 and is expected to continue its dominance throughout the forecast period. Moreover, the region is expected to register the fastest CAGR of 9.6% during the forecast period.
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On the basis of application, the market is divided into the aerospace & defense industry, shipbuilding industry, automobile & train industry, machine tool industry, and others. The machine tool industry segment is expected to garner the largest share in the market by 2025. However, the aerospace & defense segment is expected to manifest the fastest CAGR during the forecast period. The automobile & train industry segment is projected to register a CAGR of 7.1% during the forecast period.
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About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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