Which segment held the maximum share of the Computer-Aided Manufacturing market in 2022?

Computer-Aided Manufacturing Market size is expected to grow from USD 2.3 billion in 2018 to USD 3.4 billion by 2023, at a CAGR of 7.6% during the forecast period according to report published by MarketsandMarkets. Growing industrial and robotic automation is expected to boost the growth of market across various industries globally. 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.

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Automotive industry vertical is expected to hold the largest market size in the global CAM market during the forecast period

Automotive industry vertical is continually evolving to offer vehicles powered with advanced IT technologies, which can exceed customer expectations. Automobile manufacturing requires advanced technological methods and processes. Use of CAM solution enables automakers reduce production time and cater to global demand of customers. For instance, automotive companies such as Bentley Motors (UK), Ford (US), and BMW (Germany) have adopted the CAM technology to manufacture their own car parts. With the growing complexity of the parts involved in the vehicles, automotive vertical is expected to be characterized by innovative production and design concepts which could lead the increase in adoption of CAM technologies.

The services segment is expected to grow at the fastest CAGR during the forecast period

CAM services have a wide scope of usage for efficiently carrying out various tasks performed in the entire manufacturing process of an organization. CAM services help the businesses bridge legacy systems to modern applications, deliver best experience to the engineer, mechanist, and manufacturers. This has created opportunities for vendors to provide services to enterprises across different industry verticals and help them deal with complexities occurred while configuring the CAM solution.

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Europe is estimated to have the largest market size during the forecast period

Europe is estimated to account for the highest share of the market in 2018 and the trend is expected to continue till the forecasted year i.e. 2023. The region comprises developed countries, such as the UK, Germany and France, and is considered the most advanced region in terms of adopting automation technologies. The region is hub for the automotive industries as they are creating adequate need of CAM solution and services. Europe region exhibits a wide presence of key industry players offering CAM solutions and its financial position enables it to invest majorly in the leading tools and technologies for effective business operations.

Major vendors offering CAM solutions and services across the globe 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).

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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.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

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Suite 430

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2025 Computer-Aided Manufacturing Market Analysis | Key Growth Drivers, Challenges | Leading Key Players Review, Demand

According to a research report "Computer-Aided Manufacturing Market by Component (Solution and Services), Organization Size, Deployment Type, Industry Vertical (Automotive, Aerospace & Defense, High-Tech, Industrial Equipment, Energy & Utilities), and Region - Global Forecast to 2023" published by MarketsandMarkets, The CAM market is expected to grow from USD 2.3 billion in 2018 to USD 3.4 billion by 2023, at a CAGR of 7.6% during the forecast period. Growing demand for automation of manufacturing process, production of customized products, and increasing use of CAM solution in the arena of fashion and lifestyle, prosthodontics, and prosthetics and orthotics are some major factors driving the growth of the CAM market.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=251259446

Report Objectives

·         To define, describe, and forecast the Computer-Aided Manufacturing market by component (solution and services), deployment type, organization size, industry vertical, and region

·         To provide detailed information about the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the CAM market

·         To analyze the market with respect to individual growth trends, prospects, and contributions to the market

·         To forecast the market size of 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America

Automotive industry vertical is expected to hold the largest market size in the global CAM market during the forecast period

Automotive industry vertical is continually evolving to offer vehicles powered with advanced IT technologies, which can exceed customer expectations. Automobile manufacturing requires advanced technological methods and processes. Use of CAM solution enables automakers reduce production time and cater to global demand of customers. For instance, automotive companies such as Bentley Motors (UK), Ford (US), and BMW (Germany) have adopted the CAM technology to manufacture their own car parts. With the growing complexity of the parts involved in the vehicles, automotive vertical is expected to be characterized by innovative production and design concepts which could lead the increase in adoption of CAM technologies.

The services segment is expected to grow at the fastest CAGR during the forecast period

CAM services have a wide scope of usage for efficiently carrying out various tasks performed in the entire manufacturing process of an organization. CAM services help the businesses bridge legacy systems to modern applications, deliver best experience to the engineer, mechanist, and manufacturers. This has created opportunities for vendors to provide services to enterprises across different industry verticals and help them deal with complexities occurred while configuring the CAM solution.

Request a Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=251259446

Europe is estimated to have the largest market size during the forecast period

Europe is estimated to account for the highest share of the market in 2018 and the trend is expected to continue till the forecasted year i.e. 2023. The region comprises developed countries, such as the UK, Germany and France, and is considered the most advanced region in terms of adopting automation technologies.  The region is hub for the automotive industries as they are creating adequate need of CAM solution and services. Europe region exhibits a wide presence of key industry players offering CAM solutions and its financial position enables it to invest majorly in the leading tools and technologies for effective business operations.

Major vendors offering CAM solutions and services across the globe 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.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441

 

 

 

 

 

 

 

 

 

Computer-Aided Manufacturing Market to receive overwhelming hike USD 3.4 billion in Revenues by 2023: Exclusive Report by MarketsandMarkets™

According to a research report "Computer-Aided Manufacturing Market by Component (Solution and Services), Organization Size, Deployment Type, Industry Vertical (Automotive, Aerospace & Defense, High-Tech, Industrial Equipment, Energy & Utilities), and Region - Global Forecast to 2023" published by MarketsandMarkets, The CAM market is expected to grow from USD 2.3 billion in 2018 to USD 3.4 billion by 2023, at a CAGR of 7.6% during the forecast period. Growing demand for automation of manufacturing process, production of customized products, and increasing use of CAM solution in the arena of fashion and lifestyle, prosthodontics, and prosthetics and orthotics are some major factors driving the growth of the CAM market.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=251259446

By component type, 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.

Request a Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=251259446

Europe is estimated to have the largest market size during the forecast period

Europe is estimated to account for the highest share of the market in 2018 and the trend is expected to continue till the forecasted year i.e. 2023. The region comprises developed countries, such as the UK, Germany and France, and is considered the most advanced region in terms of adopting automation technologies.  The region is hub for the automotive industries as they are creating adequate need of CAM solution and services. Europe region exhibits a wide presence of key industry players offering CAM solutions and its financial position enables it to invest majorly in the leading tools and technologies for effective business operations.

Major vendors offering CAM solutions and services across the globe 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.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441

 

 

Computer-Aided Manufacturing Market Driving Factors, Industry Growth, Key Vendors and Forecasts to 2023

According to a research report "Computer-Aided Manufacturing Market by Component (Solution and Services), Organization Size, Deployment Type, Industry Vertical (Automotive, Aerospace & Defense, High-Tech, Industrial Equipment, Energy & Utilities), and Region - Global Forecast to 2023" published by MarketsandMarkets, The CAM market is expected to grow from USD 2.3 billion in 2018 to USD 3.4 billion by 2023, at a CAGR of 7.6% during the forecast period. Growing demand for automation of manufacturing process, production of customized products, and increasing use of CAM solution in the arena of fashion and lifestyle, prosthodontics, and prosthetics and orthotics are some major factors driving the growth of the CAM market.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=251259446

By component type, 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.

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.

 

Key Computer-Aided Manufacturing Market Players

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.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441

 

 

 

 

 

 

 

 

 

 

 

Computer-Aided Manufacturing Market Trend, Global Industry Size, Price, Future Analysis, Regional Outlook to 2023

The report "Computer-Aided Manufacturing Market by Component (Solution and Services), Organization Size, Deployment Type, Industry Vertical (Automotive, Aerospace & Defense, High-Tech, Industrial Equipment, Energy & Utilities), and Region - Global Forecast to 2023", The CAM market is expected to grow from USD 2.3 billion in 2018 to USD 3.4 billion by 2023, at a CAGR of 7.6% during the forecast period. Growing demand for automation of manufacturing process, production of customized products, and increasing use of CAM solution in the arena of fashion and lifestyle, prosthodontics, and prosthetics and orthotics are some major factors driving the growth of the CAM market.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=251259446

Automotive industry vertical is expected to hold the largest market size in the global CAM market during the forecast period

Automotive industry vertical is continually evolving to offer vehicles powered with advanced IT technologies, which can exceed customer expectations. Automobile manufacturing requires advanced technological methods and processes. Use of CAM solution enables automakers reduce production time and cater to global demand of customers. For instance, automotive companies such as Bentley Motors (UK), Ford (US), and BMW (Germany) have adopted the CAM technology to manufacture their own car parts. With the growing complexity of the parts involved in the vehicles, automotive vertical is expected to be characterized by innovative production and design concepts which could lead the increase in adoption of CAM technologies.

The services segment is expected to grow at the fastest CAGR during the forecast period

CAM services have a wide scope of usage for efficiently carrying out various tasks performed in the entire manufacturing process of an organization. CAM services help the businesses bridge legacy systems to modern applications, deliver best experience to the engineer, mechanist, and manufacturers. This has created opportunities for vendors to provide services to enterprises across different industry verticals and help them deal with complexities occurred while configuring the CAM solution.

Request a Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=251259446

Europe is estimated to have the largest market size during the forecast period

 

Europe is estimated to account for the highest share of the market in 2018 and the trend is expected to continue till the forecasted year i.e. 2023. The region comprises developed countries, such as the UK, Germany and France, and is considered the most advanced region in terms of adopting automation technologies.  The region is hub for the automotive industries as they are creating adequate need of CAM solution and services. Europe region exhibits a wide presence of key industry players offering CAM solutions and its financial position enables it to invest majorly in the leading tools and technologies for effective business operations.

 

Major vendors offering CAM solutions and services across the globe 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.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441

 

 

 

 

 

 

 

 

 

 

 

 

Computer-Aided Manufacturing Market Business Overview, Size Estimation, Revenue, Upcoming Trends to Forecast 2023

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.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441