Computer Aided Manufacturing (CAM) Market Expected to Grasp The CAGR Of 8.4% by 2028

WILMINGTON, DE, UNITED STATES, December 1, 2023 /EINPresswire.com/ — According to a recent report published by Allied Market Research, titled, “Computer aided manufacturing market by Component, Deployment Type, Enterprise Size, Design Type, Application, and Region: global opportunity analysis and industry forecast, 2021–2028,”

The global market size was valued at $2,689 million in 2020, and is projected to reach at $5,477 million by 2028, growing at a CAGR of 8.4% from 2021 to 2028.
Download Sample Report: https://www.alliedmarketresearch.com/request-sample/2906

Growth of the global computer aided manufacturing market is mainly driven by factors such as rise in use of computer aided manufacturing in packaging machinery, surge in industrialization, and increase in investments of R&D activities in the computer aided manufacturing market.

However, availability of free and open-source Computer aided manufacturing is expected to impede the market growth. Conversely, increase in adoption of cloud-based solutions and technological advancements in Computer aided manufacturing are expected to present major opportunities for market expansion in the future.

Inquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/2906

Competitive Analysis:
The competitive environment of Computer Aided Manufacturing (CAM) Industry is further examined in the report. It includes details about the key players in the market’s strengths, product portfolio, Computer Aided Manufacturing (CAM) Market share and size analysis, operational results, and market positioning. It comprises the actions taken by the players to grow and expand their presence through agreements and entering new business sectors. Mergers and acquisitions, joint ventures, and product launches are some of the other techniques used by players.

Key Players:
Autodesk Inc.
Mastercam
SolidCAM Ltd.
EdgeCAM
ZWCAD Software Co., Ltd.
GRZ Software
BobCAD-CAM, Inc.
Cimatron Group
Camnetics, Inc.
MecSoft Corporation
Dassault Systèmes
Siemens Product Lifecycle Management Software Inc and Many More

Region wise, the CAM market was dominated by North America region. However, Asia-Pacific is expected to witness significant growth in the upcoming years.

Buy Now: https://www.alliedmarketresearch.com/checkout-final/e07ea9e91d33a5177affe6389ad478bf

Post COVID-19, size of the Computer aided manufacturing market is estimated to grow from $2,879 million in 2021, and is projected to reach $5,477 million by 2028, at a CAGR of 8.4%. The current estimation of 2028 is projected to be lower than pre-COVID-19 estimates. The COVID-19 outbreak has considerable impact on the growth of the Computer aided manufacturing market, as adoption of computer aided manufacturing have decreased in the face of unprecedented circumstances. This is attributed to decrease in spending by vendors serving the automobile and aerospace industry.

However, the market is anticipated to gain traction in post pandemic as the market players have introduced updated Computer aided manufacturing products during the pandemic to meet increased demand for automation which drives the CAM market growth. For instance, in April 2020, DP Technology launched ESPRIT 2020, a comprehensive product update for its computer-aided manufacturing (CAM) software.

Trending Reports:
Network Slicing Market: https://www.alliedmarketresearch.com/network-slicing-market-A07916
Virtual Meeting Software Market: https://www.alliedmarketresearch.com/virtual-meeting-software-market-A09378
Media & Entertainment Storage Market: https://www.alliedmarketresearch.com/media-and-entertainment-storage-market-A08742
Virtual Private Network Market: https://www.alliedmarketresearch.com/virtual-private-network-market

About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

David Correa
Allied Market Research
+1 800-792-5285
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn

What Sets Us Apart ? – Allied Market Research



Originally published at https://www.einpresswire.com/article/672219846/computer-aided-manufacturing-cam-market-expected-to-grasp-the-cagr-of-8-4-by-2028

Previous articleRealNifty and Surfergirl Gallery To Showcase Women Artists in Miami during Art Basel 2023
Next articleThe Third Floor Debuts New YouTube Series Artist vs Deadline