Design Presentation

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. Read more here.