CIMdata Publishes 2021 Global CAM Market Analysis Report

    0
    81

    ANN ARBOR, MI, USA, Jul 2, 2021 – CIMdata, Inc., the leading global PLM strategic management consulting and research firm, announces the release of the 2021 CIMdata CAM Market Analysis Report (MAR), the twenty-ninth 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 shrank by 5.4% in the calendar year 2020. The estimated end-user payments reduced from nearly $2.4 billion in 2019 to just over $22.2 billion in 2020.

     

    2021 CAM F1
    Size and Composition of the CAM Market

     

    According to Mr. Stan Przybylinski, CIMdata’s Vice President, “The CAM results at the end-user level were lower in 2020, something expected given in the outsized impact on CAM spending in economic downturns. There has been weaker growth in machine tools for three consecutive years, which could also be inhibiting investments in new CAM software.” CIMdata projects that in 2021 the CAM market, and the entire PLM Economy, will return to growth after the impacts of the COVID-19 pandemic in 2020. CIMdata estimates end-user payments for CAM software will increase by 7.2% to just under $2.4 billion.

    Since 2002, the CAM software market has shown modest but steady growth as global economies generally improved. There has been 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 are shown in the chart below. 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 2021 version of the CAM MAR is a 110-page report containing 22 charts and 39 tables of data detailing the worldwide CAM market along a number of dimensions. It also discusses trends in the CAM industry and updates on the top CAM solution providers.

    The 2021 CIMdata CAM Market Analysis Report is available for purchase at: https://www.cimdata.com/en/research/plm-market-analysis-report-series.

    About Post Author