CIMdata, Inc., a global PLM strategic management consulting and research firm, announces the release of the CIMdata PLM Industry Analysis Report, the fourth of five modules of the CIMdata 2016 PLM Market Analysis Report Series. The MAR Series provides detailed information and in-depth analysis on the worldwide PLM market during 2015. It contains analyses of major trends and issues; revenues of leading PLM providers; and revenue analyses for geographical regions, industry sectors, and historical and projected data on market growth.
All industries saw growth in PLM spending in 2015 and CIMdata forecasts continued growth in all industries during the five-year forecast period.
PLM spending is greatest in automotive and other transportation, fabrication & assembly, electronics and telecommunications, and aerospace and defense. It is lower in the process industries and utilities. There are some good process PLM solutions available, and they are becoming more important with concerns about food safety, particularly in emerging economies. Growth in PLM for medical devices, part of the high-tech sector, is driven by stringent compliance requirements that can vary by country, something that PLM strategies and enabling solutions can address. All industries are being affected by the trend toward smart, connected products, either directly or because of the effects of the Internet of Things (IoT).
CIMData’s chart on the CAM suppliers
CIMdata believes there are good opportunities in all segments as corporate management continues to become more cognisant of the value of PLM and its positive impact on both the top and bottom lines of a business. During 2015, comprehensive providers continued to expand their efforts to deliver more industry-focused and functionally-packaged solutions that are easier and less expensive to acquire and deploy.
Global CAM market analysis – CAM market grew 12.9% in constant currencies in 2015
The 2016 CIMdata CAM Market Analysis Report (MAR), the twenty-fifth annual study of the global Computer-Aided Machining (CAM) market, has also been published. CIMdata estimates that based on end-user payments, the worldwide CAM software and related services market grew by 2.8% in calendar year 2015. The estimated end-user payments grew from $1.76 billion in 2014 to $1.81 billion in 2015.
The PLM market
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.
CIMdata expects the use of cloud-based CAM software to grow at a rate faster than the overall CAM software market. This growth will come from new users drawn to the low-risk start-up value-proposition offered by a cloud-based application, and by cloud-based offerings supplanting existing desktop software whose users will likely be attracted to the operational flexibility enabled by cloud-based subscription models.
The size and growth of the CAM software and related services market based on end-user payments shows that approximately one-third of the end-user payments result in reseller revenues and approximately two-thirds of the revenues are payments made directly to software suppliers.
Vero Software CAM system brands that include Alphacam, Cabinet Vision, Edgecam, Machining Strategist, PEPS, Radan, SMIRT, Surfcam, VISI and WorkNC leads the way in this area.
For further details visit http://www.cimdata.com/en/news/item/6348-cimdata-publishes-global-cam-market-analysis-report