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.
The estimated increase in the adoption of digital manufacturing technology will induce manufacturers to focus more on reducing the cost of PLM. This will lead to the increased adoption of cloud-based product lifecycle management (PLM) software 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 and semiconductor manufacturing 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 of PLM software manufacturers, the digital manufacturing market appears to be fragmented. Major manufacturers such as Autodesk, Dassault Systèmes, 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.
In 2018, the global Digital Manufacturing market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global Digital Manufacturing status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Digital Manufacturing development in United States, Europe and China.
The key players covered in this study
Siemens PLM Software
Dassault Systèmes
Autodesk
Mentor Graphics
PTC
CAD Schroer
Open Factory 3D
Bentley Systems
Market segment by Type, the product can be split into
On demand
Cloud-based design and manufacturing
Market segment by Application, split into
Tooling
Machining
Assembly sequencing
Factory layout
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Digital Manufacturing status, future forecast, growth opportunity, key market and key players.
To present the Digital Manufacturing development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Digital Manufacturing are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Digital Manufacturing. Industry analysis & Market Report on Digital Manufacturing is a syndicated market report, published as Global Digital Manufacturing Market Size, Status and Forecast 2019-2025. It is complete Research Study and Industry Analysis of Digital Manufacturing market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.