In CIMdata's annual NC Software Market Analysis Report, CGTech is positioned as the ninth-largest CAM software vendor and one of the only top ten vendors expected to increase market share in 2015. What has been driving this growth for CGTech? How has it been in the Indian market?
There are a number of factors driving our growth, but probably the biggest driver is that we are finally at a tipping point with the accessibility and reliance on 3D geometry. Getting models of tooling, fixtures, and other features used to be a barrier to quickly implementing VERICUT.
As your question about MachiningCloud illustrates, 3D models are becoming readily available and vendors are becoming more open to sharing this information. Most CAD/CAM systems are using 3D models, and these same models can be used downstream in the simulation as well. We opened our office in India to provide direct sales and support to VERICUT users and it's been doing very well. In 2015 alone we saw a 30 percent revenue increase over 2014, and expect double-digit growth again in 2016.
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