NC Software Up 7% Worldwide to $1.4B in 2007 - CIMdata
 ANN ARBOR, MI,
May 9, 2008 - Consulting and research firm CIMdata Inc. estimates
that based on end user payments, the worldwide NC software and
related services market grew by 7.2% in 2007 to reach a level of
$1.4 billion. Moreover, CIMdata estimates that in 2008 these
payments will further increase by 7.8% to reach a level of $1.5
billion. If so, this will be five consecutive years with a growth
rate of 5% or more. There was no growth from 2000 through 2003 when
the NC software market was in a recession.
Since then, this market has shown steady growth as global
economies have improved, there has been worldwide growth in sale of
machine tools and manufacturing output, greater emphasis is being
placed on efficient operation of machine tools as manufacturing
firms must enhance their competitive position, and the overall PLM
(Product Lifecycle Management) market, of which CAM is a component,
has shown strong growth. CAM software purchases are directly related
to all of these factors. The size of the NC software and related
services market, based on end user payments, is shown in the
following chart:
End User Market for NC Software and Services
(US$ Millions)
The annual percentage year to year growth rate is shown in the
following chart. It can be seen that the annual growth rate was on a
declining path from 1997 to 2001, but then turned around and has
been on an upward path since that time.
Annual NC Market Growth (Percent Year to Year)
The above information is contained in Version 17 of the CIMdata
NC Software and Related Services Market Assessment Report that soon
will be available for purchase from CIMdata. Mr. Alan Christman,
CIMdata Chairman and primary author of the report, commented, “Even
though the CAM software market (Software to control machine tools
cutting parts) is a relatively mature market, it has been active and
exciting in the past several years. Some software vendors have had
annual revenue growth rates of over 30% per year, a number of
significant acquisitions or mergers have been made, integration with
other elements of manufacturing software is occurring, new
manufacturing areas such as China are emerging, corporations are
placing greater emphasis on streamlining manufacturing operations,
and the underlying CAM software technology continues to evolve.”
About CIMdata
CIMdata, an independent worldwide firm, provides strategic
consulting to maximize an enterprise’s ability to design and deliver
innovative products and services through the application of Product
Lifecycle Management (PLM) solutions. Since 1983, CIMdata has
delivered world-class knowledge, expertise, and best-practice
methods on PLM solutions. These solutions incorporate both business
processes and a wide-ranging set of PLM enabling technologies.
CIMdata works with both industrial organizations and suppliers of
technologies and services seeking competitive advantage in the
global economy. In addition to consulting, CIMdata conducts
research, provides PLM-focused subscription services, and produces
several commercial publications. The company also provides industry
education through international conferences. CIMdata serves clients
worldwide from locations in North America, Europe, and Asia Pacific.
For more information, visit at
www.CIMdata.com.
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