Many manufacturing companies need product life cycle management (PLM) software because it deals with different functional levels of an organization such as product designing, design engineering, and manufacturing. The need for managing a product during the manufacturing process has led to the emergence of PLM software and services. The growing complexity of products and the increase in product portfolio across organizations has led to the demand for a system that can provide solutions to the production process across industries. The implementation of PLM in an organization provides higher revenue, reduces cost, and increases capital efficiency.
Scope of the Report:This report studies the Digital Manufacturing market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Digital Manufacturing market by product type and applications/end industries.
The estimated increase in the adoption ofÊdigital manufacturing technologyÊwill induce manufacturers to focus more on reducing the cost of PLM. This will lead to the increased adoption of cloud-basedÊproduct lifecycle management (PLM)Êsoftware in the coming years. Few PLM service providers have already started implementing PLM on cloud for end-users. For instance, Wipro provides cloud-based PLM services for Siemens PLM Software's solution, Teamcenter. This helps electronics andÊsemiconductorÊmanufacturing companies to deploy Teamcenter on the cloud through infrastructure-as-a-service and also assists end-users in reducing or eliminating implementation costs.
Characterized by the presence of a large number ofÊPLM software manufacturers, the digital manufacturing market appears to be fragmented. Major manufacturers such as Autodesk, Dassault Systmes, Mentor Graphics, PTC, and Siemens dominate the market. All manufacturers compete to gain a considerable share of the market, and they have started to focus on enhancing their market potential through various innovative strategies and M&As.
The global Digital Manufacturing market is valued at xx million USD in 2017 and is expected to reach xx million USD by the end of 2023, growing at a CAGR of xx% between 2017 and 2023.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Digital Manufacturing.
Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.
Market Segment by Companies, this report covers Siemens PLM Software
Dassault Systmes
Autodesk
Mentor Graphics
PTC
CAD Schroer
Open Factory 3D
Bentley Systems
Market Segment by Regions, regional analysis covers North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers On demand
Cloud-based design and manufacturing
Market Segment by Applications, can be divided into Tooling
Machining
Assembly sequencing
Factory layout
Frequently Asked Questions
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
- By Type
- By Application
- By Region
- By Country
- By Manufacturer
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
