June 12, 2020
CIMdata, Inc., a global PLM strategic management consulting and research firm, has released the 2020 CIMdata CAM Market Analysis Report (MAR), the 28th 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 3.9% in the calendar year 2019. The estimated end-user payments grew from just under $2.3 billion in 2018 to nearly $2.4 billion in 2019.
“The CAM results at the end-user level were lower in 2019 than their historical range of 5 to 7% growth,” says Stan Przybylinski, CIMdata's vice president. “There has been weaker growth in machine tools for two consecutive years, which could be inhibiting new investments in new CAM software.” CIMdata projects that in 2020 the CAM market, and the entire PLM economy, will be strongly impacted by the COVID-19 pandemic. CIMdata estimates end-user payments for CAM software will decrease by 3.7% to just under $2.3 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. 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 2020 version of the CAM MAR is a 111-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 2020 CIMdata CAM Market Analysis Report is available for purchase here.
Sources: Press materials received from the company and additional information gleaned from the company’s website.
More CIMdata Coverage
About the Author
DE’s editors contribute news and new product announcements to Digital Engineering.
Press releases may be sent to them via [email protected].