Computer-Aided Manufacturing Market 2019 will be Valued at $4.49 Billion by 2026 (Autodesk, Dassault Systmes, HCL, PTC,,Hexagon, CNC Software,Open Mind Technologies, BobCAD-CAM,Siemens, Solidcam,)

Global Computer-Aided Manufacturing Market is accounted for $1.98 Billion in 2017 and is expected to reach $4.49 Billion by 2026 growing at a CAGR of 9.5% from 2017 to 2026. Some of the factors such as rising industrial and robotic automation and growing usage of cloud technologies and increasing use in packaging machinery will influence the market growth. However, high cost of operations and setup may hamper the market growth.

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Computer-Aided Manufacturing (CAM) commonly refers to the use of numerical control (NC) computer software applications to create detailed instructions (G-code) that drive computer numerical control (CNC) machine tools for manufacturing parts. CAM reduces waste and energy for enhanced manufacturing and production efficiency via increased production speeds, raw material consistency and more precise tooling accuracy.

By Organization Size, the Cloud segment is expected to have a significant growth during the forecast period, as it is offers enhanced speed and scalability. Cloud computing has benefited many enterprises by reducing costs and enabling a focus on core business competence, rather than IT and infrastructure issues. By geography, Asia Pacific held the largest market share due to growing adoption of cloud CAM solutions and rising penetration of IoT in the manufacturing sector.

Some of the key players profiled in the Computer-Aided Manufacturing Market include Autodesk, Dassault Systu00e8mes, HCL, PTC,,Hexagon, CNC Software,Open Mind Technologies, BobCAD-CAM,Siemens, Solidcam, NTT Data Engineering Systems Corporation,3D Systems, ZWSOFT, MecSoft and SmartCAMcnc

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Market Segments:
Components Covered:
• Services
• Solution

Deployment Types Covered:
• Cloud
• On-Premises
Organization Sizes Covered:
• Small and Medium-Sized Enterprises
• Large Enterprises

End Users Covered:
• Aerospace and Defense
• High-Tech
• Automotive
• Medical Devices and Components
• Industrial Equipment
• Energy and Utilities
• Other End Users

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This release was published on openPR.