PORTLAND, Oregon, August 9, 2018 /PRNewswire/ --
Allied Market Research published a new report, titled, Global CAM Software Market. According to the report, the global CAM software market was worth $2.092 billion in 2017 and is projected to reach $3.572 billion by 2025, registering a CAGR of 7.00% from 2018 to 2025. Increase in the use of CAM software in the packaging industry and introduction of 5-axis CAM software tools to enhance production are the key factors boosting the market growth. Nonetheless, easy availability of open-source CAM software could impede the growth of the market. In the coming years, the advent of 4D technology and shift from proprietary software to cloud-based subscription services would provide lucrative opportunities to the market players.
The report presents an in-depth analysis of the global CAM software industry including the current trends and estimations to gauge the market potential. Furthermore, the impact of drivers, restraints, and opportunities on the market size has been comprehensively analyzed in the study. In addition, a cross-sectional analysis of the industry on the basis of design, application, and geography has been provided to gain a holistic view of the global market.
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The design types analyzed in the report include 2D and 3D. The 3D design segment is expected to show remarkable potential for stakeholders, as it is expected to grow at 5.00% CAGR during 2018-2025. Increase in demand for 3D printing using CAM software is expected to be the key driving factor of this application in the CAM industry.
Key consumers of CAM software
The end user industries discussed in the study include aerospace & defense, shipbuilding, automobile & train, machine tool, and others. The machine tool industry segment is expected to garner the highest revenue by 2025. Whereas, the aerospace and defense segment is projected to grow at the fastest CAGR during the forecast period to reach $790 million by 2025. The automobile and train industry segment is expected to witness a two-fold increase in revenue by the end of the study period, registering a CAGR of 7.10%
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Lucrative market regions for CAM software industry
The report presents a country-level, cross-sectional analysis of the CAM software segments across North America, Europe, Asia-Pacific, and Latin America, Middle East and Africa (LAMEA). As per the study, the Asia-Pacific region is expected to dominate the global market by 2025 by registering a two-fold increase in revenue to reach $1,260 million. The CAM software market in China is expected to be the forerunner of the Asia-Pacific industry.
Torchbearers of the industry
The prominent players studied in the CAM software market report include Autodesk Inc., Mastercam, SolidCAM Ltd., EdgeCAM, ZWCAD Software Co., Ltd., GRZ Software, BobCAD-CAM, Inc., Cimatron Group, Camnetics, Inc., MecSoft Corporation, Dassault Systèmes, and Siemens Product Lifecycle Management Software Inc.
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