Research and Markets (http://www.researchandmarkets.com/research/p5r4zw/cam_market_in) has announced the addition of the "CAM Market in North America 2012-2016" report to their offering.

The analysts forecast the CAM market in North America to grow at a CAGR of 7.16 percent over the period 2012-2016. One of the key factors contributing to this market growth is the need for the production of precise parts. The CAM market in North America has also been witnessing the development of application-specific cam solutions. However, the threat from open-source and pirated cam software could pose a challenge to the growth of this market.

The key vendors dominating this market space are Dassault Systèmes S.A., Delcam plc, PTC, Siemens PLM Software Inc.

The other vendors mentioned in the report are CNC Software Inc, Cimatron Ltd., C&G Systems Corp., DP Technology Corp., Graphic Products Inc., Missler Software Inc., Makino Milling Machine Co. Ltd., OPEN MIND Technologies AG, Planit Software Ltd., Sescoi Inc. and, Tebis AG.

Commenting on the report, an analyst from the team said: CAM solutions have many more applications in addition to those in the Engineering industry. They are also used by industries such as Woodworking, Jewelry, and Healthcare. CAM solutions are used in the Woodworking industry to make furniture and complex wood-related artwork with precision. The Jewelry industry has started adopting CAM solutions to develop complex designer jewelry with ease and flexibility. With the increase in globalization, there is an increase in the competition among CAM solutions vendors to attain as much market share as they can. This has driven several vendors to develop application-specific CAM solutions. Thus, vendors are developing solutions specific to applications such as footwear design and ceramic manufacture, for plastics and tires, and in dental applications.

According to the report, one of the major drivers in the market is the need for the production of precise parts. CAM software solutions are widely used for enhanced part production and visualization.

Further, the report states that one of the major challenges in the market is the threat from open-source and pirated CAM software. A number of CAM solutions vendors, especially Dassault Systèmes and Siemens, are facing a challenge from pirated software.

For more information visit http://www.researchandmarkets.com/research/p5r4zw/cam_market_in.

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