Press release
CAM Software Market 2021 | Application, Market Shares and Revenue along with key industry players by 2025
Rise in use of CAM software in the packaging industry, surge in investment of R&D activities, and increase in adoption of cloud-based solution are expected to propel the growth of the global CAM software market.
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Asia-Pacific is expected to grow at a highest CAGR, owing to increased IoT penetration among the manufacturing sector and Industry 4.0; demand for advanced industry manufacturing systems; and development of new aerospace & defense projects among the developed & developing economies such as India, China and others.
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.
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The global CAM software market is segmented on the basis of type, application, and geography. Based on type, the market is divided into 2D and 3D. The 3D design segment is expected to manifest the fastest CAGR of 5.0% during the forecast period, owing to a rise in demand for 3D printing using CAM software. However, the 2D design segment dominated the market in 2017 and is expected to continue the trend throughout the study period.
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.
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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