Global Cam Software Market: Overview
Computer-aided manufacturing is referred to as CAM. In a nutshell, computer-aided manufacturing (CAM) software allows users to build programs for various CNC machines to support various production processes. Cutting, turning, milling, and additive manufacturing are only a few examples. CAM enables a level of automation and power that would be impossible to achieve with handwritten or conversational NC code. Algorithms that need computers to calculate are used in high-efficiency roughing toolpaths. Creating toolpaths for complicated geometry can be nearly difficult by hand, necessitating the use of CAM software.
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Global Cam Software Market: Growth Factors
The growth of global CAM software market is fueled by factors such as an increase in the usage of CAM software in packing machines, an expansion in industrialization, and a surge in R&D expenditure in the CAM market. Strapping, labelling, filling, and wrapping, are just a few of the steps in the packaging process that packing machinery assists with. Engineers and designers are using CAM software to address specific mechatronic engineering difficulties as packing machines become more complicated with increasing efficiency demands. CAM software is a cutting-edge solution that is expected to boost production while lowering total package costs. In addition to this, the rise of smart packaging is predicted to boost the CAM software market in packaging machinery, as designers use CAM-integrated product development solutions to streamline communication between mechanical systems and electrical engineering controls. In addition to this, CAM software and new machines provide designers and manufacturers greater freedom than ever before to develop and manufacture better, more inventive goods. Owing to all such factors, the demand for CAM software is increasing further propelling the growth of the global market. Moreover, the increased need for speedy prototyping and product visualization across a variety of sectors is propelling the growth of the market. The accessibility of free and open-source CAM software, however, is projected to stifle global CAM software market. On the other hand, global CAM software market development is expected to be aided by an increase in the usage of cloud-based solutions and technical advances in CAM software in the future.
The COVID-19 pandemic has had a significant influence on the expansion of the computer assisted manufacturing business, with CAM software use declining as a result of the exceptional conditions. This is due to a drop in spending by suppliers to the automotive and aerospace sectors. Moreover, during the pandemic, market participants released updated CAM software systems to meet the rising need for automation. This aspect is what propels the global CAM software market forward.
Global Cam Software Market: Segmentation
The global cam software market is categorized based on model, organization size, industry vertical, and regions. Based on models, the global cam software market is bifurcated into 2D and 3D. The organization size is measured into large enterprises and SMEs. Industry vertical included in the scope cover automotive, BFSI, healthcare, retail & e-commerce, IT & telecom, public sector, energy & utility, and others.
Global Cam Software Market: Regional Analysis
North America is likely to dominate the global cam software market during the projected year. Based on current market stats, large number of distributors and resellers are selling CAM software in North America, this is preliminary contributing to the large market share in the worldwide CAM software market. Due to the rise of the manufacturing industry in Europe, the CAM software market is gaining significant impetus. Likely, due to increased industrialization and advances in IT infrastructure, the market in Asia Pacific is predicted to grow at the fastest rate over the forecast period.
Global Cam Software Market: Competitive Players
The global cam software market is largely controlled by some of the major players in the industry, which include Open Mind Technologies, GRZ Software, HCL Technologies, Hexagon, Cimatron, BobCAD-CAM, CNC Software, Dassault Systemes, Siemens, and Autodesk.
Global Cam Software Market: Regional Segment Analysis
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The growth of global CAM software market is fueled by factors such as an increase in the usage of CAM software in packing machines, an expansion in industrialization, and a surge in R&D expenditure in the CAM market.
major players in the industry, include Open Mind Technologies, GRZ Software, HCL Technologies, Hexagon, Cimatron, BobCAD-CAM, CNC Software, Dassault Systemes, Siemens, and Autodesk.
North America is likely to dominate the global cam software market during the projected year. Based on current market stats, large number of distributors and resellers selling CAM software in North America, this preliminary contributing to the large market share in the worldwide CAM software market.