1. Latest News
  2. Submit Press Release
  1. PR Home
  2. Latest News
  3. Feeds
  4. Alerts
  5. Submit Free Press Release
  6. Journalist Account
  7. PRNewswire Distribution

CIMdata Releases Global NC Market Analysis Report

New CIMdata report shows that the global NC market grew 10% in 2011.

 
PRLog - Jul. 17, 2012 - Ann Arbor, Michigan, 17 July 2012—CIMdata, Inc., the leading global PLM consulting and research firm, announced the release of the 2012 NC Market Analysis Report (MAR), the twenty-first annual study of the global NC market. CIMdata estimates that based on end-user payments, the worldwide NC software and related services market grew by 10% in calendar year 2011. The estimated end-user payments grew from $1.333 billion in 2010 to $1.469 billion in 2011. The market growth rate in 2011 reflects a strong overall PLM spend, continuing the recovery from the downturn in the global economy that manifested itself in dramatically higher machine tool sales into the manufacturing industry. It has been estimated that worldwide shipments of machine tools increased by 35% from 2010 to 2011, which is directly related to the CAM software employed to drive these tools. CIMdata projects that in 2012 growth in manufacturing will continue and end-user payments for NC software will increase by 12.2% to $1.649 billion.

Since 2002, the NC software market has shown modest but steady growth as global economies generally improved. There has been worldwide growth in the sale of machine tools and manufacturing output; greater emphasis has been placed on the efficient operation of machine tools as manufacturing firms have strengthened their competitive position, and the overall PLM (Product Lifecycle Management) market, of which CAM software is a component, has continued on a strong growth path during this period. CAM software purchases are related to all of these factors—particularly machine tools.

Analysis of the size and growth of the NC software and related services market based on end-user payments shows that approximately one-third of the end-user payments result in reseller revenues and approximately two-thirds of the revenues are payments to software vendors.

Mr. Stan Przybylinski, CIMdata’s Director of Research commented, “2011 saw strong recovery in the manufacturing sector, as shown in the machine tool shipments, and software investments followed. This is consistent with our results from our global PLM market analysis.” Mr. Alan Christman, CIMdata’s Chairman and long-time author of the NC Market Analysis Report continued, “2011 was an excellent year for manufacturers and most providers of NC software. Most firms saw good growth in 2011, and CIMdata expects this growth to continue in 2012 and beyond. The continued strength and growing importance of global manufacturing powers like China and other emerging economies should result in increased investment in advanced technologies like CAD, CAM, and other segments of the overall PLM market. We have seen moves documented in the popular press to bring manufacturing back to the US, which will require still more investment in advanced manufacturing technologies to be competitive with economies with lower labor costs. The next few years should continue to be strong for NC and the broader PLM market.”

The 2012 NC Market Analysis Report is available for purchase at http://www.cimdata.com/publications/reports_purchase.html#nc.

About CIMdata

CIMdata, a leading independent worldwide firm, provides strategic management 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 its founding in 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 providers 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 PLM certificate programs, seminars, and conferences worldwide. CIMdata serves clients around the world from offices in North America, Europe, and Asia Pacific. To learn more about CIMdata’s services, visit our website at www.CIMdata.com, follow us on Twitter: http://twitter.com/CIMdataPLMNews, or contact CIMdata at: 3909 Research Park Drive, Ann Arbor, MI 48108, USA. Tel: +1 (734) 668-9922. Fax: +1 (734) 668-1957; or at Oogststraat 20, 6004 CV Weert, The Netherlands. Tel: +31 (0)495 533 666.

--- End ---

Click to Share

Contact Email:
***@cimdata.com Email Verified
Source:CIMdata
Phone:251-433-7049
Zip:48108
City/Town:Ann Arbor - Michigan - United States
Industry:Software
Tags:nc, plm, CIMdata, china
Shortcut:prlog.org/11926525
Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Latest Press Releases By “

More...

Trending News...



  1. SiteMap
  2. Privacy Policy
  3. Terms of Service
  4. Copyright Notice
  5. About
  6. Advertise
Like PRLog?
9K2K1K
Click to Share