According to a research report "Computer-Aided Manufacturing Market expected to drive due to Growing industrial and robotic automation is expected to boost the growth of market across various industries globally. Computer-Aided Manufacturing Market by component (solution and services), deployment type, organization size, industry vertical, and region - Global Forecast to 2023" published by MarketsandMarkets. The Computer-Aided Manufacturing market size to grow from USD 2.3 billion in 2018 to USD 3.4 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 7.6% during the forecast period.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=251259446
The solutions segment is expected to hold the largest
market size during the forecast period
CAM solution enables
enterprises to efficiently design and manufacture products with the help of CNC
machines. CAM helps organizations to minimize errors in designing and
manufacturing processes. Computer-Aided Manufacturing market solutions can be
easily integrated with the designing tool, thereby providing enhanced ability
to adapt changes and increase the efficiency of manufacturing processes. the
solution enables organizations to manage design changes in an easy and fast
manner. The solution empowers various stakeholders in an organization,
including machinists, designers, and engineers, to carry out their tasks
effectively, thereby, reducing the overall time taken in the manufacturing of a
product. The Computer-Aided Manufacturing has been segmented into components,
which include solutions and services. Services are further categorized into
training and education and support and maintenance.
The cloud deployment type is expected to grow at a higher
CAGR during the forecast period
Cloud-based services reduce the
overall costs while providing highly flexible and scalable access to solutions.
Security of manufacturing operations is higher in on-premises deployment type.
However, cloud-based CAM solution enables organizations to reduce the overall
costs associated with solution, IT infrastructure, storage, and technical
staff. The cloud-based solution is a good option for organizations with limited
budgets, as cloud offers enhanced speed and scalability.
Automotive industry vertical is expected to have the
largest market size during the forecast period
In today’s highly competitive
automotive industry, companies are looking forward to adopting smart
manufacturing technologies for reducing the manufacturing cycle time.
Automobile manufacturers emphasize on continually improving their manufacturing
processes through the adoption of various technological innovations for
ensuring the delivery of quality products. Technological innovations, latest
machines, equipment, and use of CAM solution in automobiles manufacturing
processes have helped automakers and fabricators to reduce the production time
significantly and enhance the overall efficiency of manufacturing. Furthermore,
the increased adoption of smart technologies and Internet of Things (IoT)
powered solutions, such as connected cars, connected logistics, predictive maintenance,
and connected fleet, has created several opportunities for global
Computer-Aided Manufacturing market.
Request a Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=251259446
North America is expected to account for the largest
market size during the forecast period
North America is expected to hold the largest market size
and dominate the Computer-Aided Manufacturing market from 2018 to 2023. North
America is a major hub for technological innovations and an early adopter of
new technologies. Increased adoption of cloud-based CAM solution for enhancing
manufacturing process and automating production has boosted the Computer-Aided
Manufacturing in North America. The presence of major players in the region
also supports the demand and awareness regarding the CAM/CAD/CAE technologies.
Adoption of IT as well as enabling technologies in process industries is rising
owing to the need to track the real-time data and improve visibility and
control on production activities. Key factors driving growth in North America
are shifting toward automated production, an established ecosystem for
manufacturing practices and continuous Research and Development (R&D)
investments by manufacturers to drive innovation into their manufacturing
processes.
The
major vendors include Autodesk (US), Dassault Systèmes (France), Hexagon
(Sweden), Siemens (Germany), 3D Systems (US), PTC (US), HCL (India), CNC
Software (US), OPEN MIND Technologies (Germany), DP Technology Corp. (US), MecSoft (US),
SolidCAM (US), NTT DATA ENGINEERING SYSTEMS Corporation (Japan), BobCAD-CAM
(US), ZWSOFT (China), and SmartCAMcnc (US).
About
MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth
niche opportunities/threats which will impact 70% to 80% of worldwide
companies’ revenues. Currently servicing 7500 customers worldwide including 80%
of global Fortune 1000 companies as clients. Almost 75,000 top officers across
eight industries worldwide approach MarketsandMarkets™ for their painpoints
around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking
global high growth markets following the "Growth Engagement Model –
GEM". The GEM aims at proactive collaboration with the clients to identify
new opportunities, identify most important customers, write "Attack, avoid
and defend" strategies, identify sources of incremental revenues for both
the company and its competitors. MarketsandMarkets™ now coming up with 1,500
MicroQuadrants (Positioning top players across leaders, emerging companies,
innovators, strategic players) annually in high growth emerging segments.
MarketsandMarkets™ is determined to benefit more than 10,000 companies this
year for their revenue planning and help them take their
innovations/disruptions early to the market by providing them research ahead of
the curve.
MarketsandMarkets’s flagship competitive intelligence and market research
platform, "Knowledge Store" connects over 200,000 markets and entire
value chains for deeper understanding of the unmet insights along with market
sizing and forecasts of niche markets.
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
No comments:
Post a Comment