The global CAM software market is projected to reach US$ 4.31 billion by 2031, up from US$ 2.56 billion in 2022, at a CAGR of 6.29%. The market for CAM software is driven by the increasing demand for precision and efficiency in manufacturing processes across various industries. The market is divided into several segments, including 2D, 3D, and 5-axis CAM software, with 3D CAM software projected to capture the largest revenue share by 2031. The market is also seeing a shift towards yearly subscription models, which account for over 72% of the revenue generated in this industry. Industry 4.0 and smart manufacturing drive CAM software market in North America and Europe, while the COVID-19 pandemic has accelerated the adoption of digital manufacturing technologies, further boosting the demand for CAM software.
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