LONDON — (BUSINESS WIRE) — October 23, 2014 — TechNavio, a global tech-focused research firm has announced the publication of a new report on the Global Digital Manufacturing Software Market 2014-2018.
Digital manufacturing software—a sub-segment of product lifecycle management software—helps improve production efficiency by optimizing the manufacturing process, managing data in the product development cycle and supporting effective collaboration among organizations. The global market is expected to grow at a CAGR of 7.28 percent during the forecast period.
About the Report
Digital manufacturing software can reduce overall production costs by 13 percent and increases cost savings on various manufacturing functionalities.
The new TechNavio report highlights several market vendors who have started focusing on providing specific software to cater to the fast-growing SME segment.
“SMEs require compact digital manufacturing software with less maintenance and easy configuration. These specific software solutions reduce the total cost of ownership as they are less expensive than other commercial software. Therefore, many SMEs and cost- driven companies have started adopting this compact software, which is expected to increase the focus of larger digital manufacturing software vendors on SMEs, in order to expand in this segment,” says Faisal Ghaus, Vice President of TechNavio.
Key Information Covered in the Report:
- Market segmentation, size and forecast through 2018
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Market Growth Drivers:
- Reduced Time-to-market
- For a full detailed list, view our report.
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Market Challenges:
- High Customer Switching Cost
- For a full detailed list, view our report.
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Market Trends:
- Focus on Compact Digital Manufacturing Software
- For a full detailed list, view our report.
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Key Vendors:
- Dassault Systèmes SA
- Mentor Graphics Corp.
- Parametric Technology Corp. Inc. (PTC)
- SAP AG
- Siemens PLM Software Inc.
- Other Prominent Vendors:
TechNavio currently has more than 3000 market research reports on a huge range of topics, including 300+ reports on global software markets:
If you are interested in more information, please contact our media team at media@technavio.com.
Contact:
TechNavio Research
Jes Ellacott, US: +1 630 333 9501
UK: +44
208 123 1770
Media & Marketing Executive
www.technavio.com
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