Computer Aided Manufacturing Market Witness Extraordinary Extension In The Next Five Years | Autodesk , Mastercam, SolidCAM , EdgeCAM, GRZ Software

Computer-aided manufacturing is a software tool that assists engineers, architects, and other professionals to design and manufacture objects. CAM software refers to use of computer to assist all operations of a manufacturing plant. These include planning, management, transportation, and storage. The primary purpose of CAM software is to create faster production process & components and provide more precise dimensions and material consistency. CAM applications are used to design a product and program manufacturing processes, specifically, CNC machining.

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Governmental organizations are boosting their maintenance budgets for system infrastructure while simultaneously funding initiatives for project development, modernization, and enhancement. As a result of the investments' success, ICT vendors now annually set aside funding for the growth of the online market. Global ICT exports are anticipated to increase 3.9% on average year from US$ 784.3 billion in 2021 to US$ 955.19 billion in 2030. Global supply has increased by 9.5% yearly since 2009. In terms of global ICT exports in 2021, Ireland came in first place with US$ 169. 32 billion. The rankings placed China at number 4, the United States at number 2, and India at number 3. Since 2009, Brunei has increased by 228.2% year over year, while Sierra Leone has decreased by 61.7% year over year.

By 2026, European ICT Revenue is likely to increase by 1.5% annually, from US$ 1,802,413 Million in 2021 to US$ 1,933,429 Million. The European market has increased by 3.1% annually since 2016. In terms of ICT Revenue in Europe in 2021, Germany came in first place with US$ 339,074 million. Positions 2, 3, and 4 in this ranking were held by the United Kingdom, France, and Ireland, respectively. Since 2016, Malta has increased by 16.5% year over year, while Italy has decreased by 0.2%.

Factors such as rise in use of CAM software in packaging machinery, surge in industrialization, and increase in investments of R&D activities drives the growth of the market. However, availability of free and open-source CAM software is expected to impede the market growth. Conversely, increase in adoption of cloud-based solutions and technological advancements in CAM software are expected to present major opportunities for the market expansion in the future. The global computer aided manufacturing market is segmented on the basis of component, deployment type, enterprise size, design type, application, and region. According to the component, the market is segmented into solution and services. As per the deployment type, the market is categorized into on-premise and cloud. On the basis of organization size, the market is segmented into large enterprises and SMEs. According to design type, it is classified into 2D and 3D. By application, it is divided into aerospace & defense industry, shipbuilding industry, automobile & train industry, machine tool industry, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the computer aided manufacturing market along with current trends and future estimations to elucidate imminent investment pockets.
- Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided in the report.
- Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of computer aided manufacturing market for the period 2020-2028 is provided to determine the market potential.

KEY MARKET PLAYERS
- Autodesk Inc.
- Mastercam
- SolidCAM Ltd.
- EdgeCAM
- ZWCAD Software Co., Ltd.
- GRZ Software
- BobCAD-CAM, Inc.
- Cimatron Group
- Camnetics, Inc.
- MecSoft Corporation
- Dassault Systmes
- Siemens Product Lifecycle Management Software Inc.

KEY MARKET SEGMENTS
BY COMPONENT
- Solution
- Services

BY DEPLOYMENT TYPE
- On-Premise
- Cloud

BY ORGANIZATION TYPE
- Large enterprises
- SMEs

BY DESIGN TYPE
- 2D
- 3D

BY APPLICATION
- Aerospace & Defense Industry
- Shipbuilding Industry
- Automobile & Train Industry
- Machine Tool Industry
- Others

BY REGION
- North America
o U.S.
o Canada

- Europe
o UK
o Germany
o France
o Italy
o Rest of Europe

- Asia-Pacific
o China
o India
o Japan
o South Korea
o Australia
o Rest of Asia-Pacific

- LAMEA
o Latin America
o Middle East
o Africa

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