ANN ARBOR, MI, USA, Jul 1, 2022 – CIMdata, Inc., the leading global PLM strategic management consulting and research firm, announces the release of the 2022 CIMdata CAM Market Analysis Report (MAR), the 30th annual study of the global Computer-Aided Machining (CAM) market. CIMdata estimates that based on end-user payments, the worldwide CAM software and related services market grew by 7.4% in calendar year 2021. The estimated end-user payments grew from just over $2.2 billion in 2020 to just over $2.4 billion in 2021.
According to Mr. Stan Przybylinski, CIMdata’s Vice President, “The CAM results at the end-user level were higher in 2021, regaining some of the progress lost due to the economic impacts of COVID-19. 2021 saw growth in machine tool consumption after three consecutive years of decline. This is important because acquiring new machine tools often leads to investments in new CAM software.” CIMdata projects that in 2022 the CAM market, and the entire PLM Economy, will continue to grow. CIMdata estimates end-user payments for CAM software will increase by 7.7% to just under $2.6 billion.
Since 2002, the CAM software market has shown modest but steady growth as global economies generally improved. There has been a worldwide growth in the sale of machine tools and manufacturing output; greater emphasis has been placed on the efficient operation of machine tools as manufacturing firms have strengthened their competitive positions; and the overall PLM (Product Lifecycle Management) market of which CAM software is a component, has continued on a strong growth path during this period. CAM software purchases are related to all of these factors—particularly machine tool sales.
The size and growth of the CAM software and related services market based on end-user payments is shown in the chart below. From the chart, it can also be seen that approximately one-third of the end-user payments are reseller revenues, and approximately two-thirds of the payments are made directly to software suppliers.
The 2022 version of the CAM MAR is a 103-page report containing 22 charts and 39 tables of data detailing the worldwide CAM market along a number of dimensions. It also includes a discussion of trends in the CAM industry and updates on the top CAM solution providers. The 2022 CIMdata CAM Market Analysis Report is available for purchase at: https://www.cimdata.com/en/research/plm-market-analysis-report-series.
CIMdata, an independent worldwide firm, provides strategic management consulting to maximize an enterprise’s ability to design, deliver, and support innovative products and services by identifying and implementing appropriate digital initiatives. For nearly forty years, CIMdata has provided industrial organizations and providers of technologies and services with world-class knowledge, expertise, and best-practice methods on a broad set of product lifecycle management (PLM) solutions and the digital transformation they enable. CIMdata also offers research, subscription services, publications, and education through certificate programs and international conferences. To learn more, visit www.CIMdata.com or email info@CIMdata.com.