CIMdata, Inc., the leading global PLM strategic management consulting and research firm, has announced the release of 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.
According to Stan Przybylinski, CIMdata’s Vice President, “The CAM results at the end-user level were lower in 2019 than their historical range of 5% to 7% growth. 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.
“More machine shops and schools invest in Mastercam than any other CAD/CAM software package in the world, according to CIMdata, an independent research firm specialising in the NC industry,” said Mastercam in a press release.
“Mastercam is the number one CAM software used worldwide for 26 years in a row. In the latest report, Mastercam retained the top spot for CAM software in three categories: Industry, education, and support network,” the company said.
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 at https://www.cimdata.com/en/research/plm-market-analysis-report-series.