(CIMdata: Ann Arbor, MI) -- CIMdata, a leading global PLM strategic management consulting and research firm, has released the 2024 CIMdata CAM Market Analysis Report (MAR), the 32nd annual study of the global computer-aided machining (CAM) market. CIMdata estimates that, based on end-user payments, the worldwide CAM software and related services market grew by 4.1% in calendar year 2023. The estimated end-user payments grew from nearly $2.6 billion in 2022 to just over $2.7 billion in 2023.

According to Stan Przybylinski, CIMdata’s vice president, “The CAM results at the end-user level grew more slowly in 2023 than in 2022. In 2023, machine tool consumption stalled after a down year in 2022. This is important because acquiring new machine tools often leads to investments in new CAM software.”

CIMdata projects that in 2024, the CAM market and the entire PLM economy will continue to grow. CIMdata estimates end-user payments for CAM software will increase by 6.4% to just under $2.9 billion.

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