CIMdata Reports that NC Software Market Grew by 5.2 Percent in 2008

By DE Editors

CIMdata estimates that, based on end-user payments, the worldwide NC software and related services market grew by 5.2 percent in 2008 to reach a level of $1.47 billion. CIMdata projects that in 2009, the growth rate of these payments will slow to 1.3 percent as the market approaches the $1.5 billion level. The expected reduction in the market growth rate in 2009 is a result of a downturn in the global economy—specifically the manufacturing industry.

Since a similar downturn in the 2000 to 2002 period, NC software has shown modest but steady growth as global economies improved. There was worldwide growth in the sale of machine tools and manufacturing output,  greater emphasis was placed on the efficient operation of machine tools as manufacturing firms strengthen their competitive position, and the overall product lifecycle management market, of which CAM is a component, continued on a strong growth path. CAM software purchases are directly related to all of these factors according to the comapny.

More information is contained in Version 18 of the CIMdata NC Software and Related Services Market Assessment Report that is now available for purchase from CIMdata.

Sources: Press materials received from the company and additional information gleaned from the company’s website.