DUBLIN — (BUSINESS WIRE) — August 13, 2012 — Research and Markets ( http://www.researchandmarkets.com/research/8wprdg/global_computerai) has announced the addition of the "Global Computer-aided Manufacturing Applications Market 2011-2015" report to their offering.
TechNavio's analysts forecast the Global CAM Applications market to grow at a CAGR of 6.54 percent over the period 2011-2015. One of the key factors contributing to this market growth is the need for enhanced part-production visualization. The Global CAM Applications market has also been witnessing the development of cloud-based computer-aided manufacturing software. However, the increasing threat from open source and pirated computer-aided manufacturing software solutions could pose a challenge to the growth of this market.
Key vendors dominating this market space include Dassault Systemes SA, Delcam plc, Parametric Technology Corp., and Siemens AG. Other vendors mentioned in the report: Planit Software Ltd, Tebis AG, Cimatron Ltd, OPEN MIND Technologies AG, Missler Software Inc., CNC software Inc. , DP Technology Corp., Graphic Products Inc., and Sescoi Inc.
Commenting on the report, an analyst from TechNavio's Engineering team said; The Global CAM Applications market is witnessing an emerging trend where many vendors are developing cloud-based CAM solutions to meet the end-users' demands.
According to the report, one of the main drivers in this market is the need for enhanced part-production visualization. Customers are insisting on products with micron-level accuracy in minimal time, thereby forcing companies across the industries to adopt CAM solutions. Moreover, the increased adoption of high-speed machines is another factor that is contributing to the growth of the market.
Further, the report also discusses that increasing availability of open-source and pirated CAM software solutions pose a threat to the commercial CAM solution vendors.
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