Increased Focus on SME-specific DM Encouraging Growth Opportunities in the DM Market in the US: Technavio Report

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London, 13 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the DM market in the US 2015-2019, which is expected to grow at a CAGR of 7.55% during the period 2014-2019.

The growth of the digital manufacturing market in the US can be attributed to the increased spending on R&D by companies across industries. Growing demand for engineering technologies with increased efficiency, better quality, and sophisticated designs is driving the need for DM software across industries in the US.

“Many small and medium enterprises and cost-driven companies have started adopting compact DM software, which in turn has increased the focus of large DM vendors on SMEs,” says Faisal Ghaus, Vice President of Technavio.

SMEs are growing fast in the US, which enhances the market potential and creates opportunities for DM software vendors.”

Key Market Drivers

  • Traceability in Manufacturing Process
  • Role of DM in Concurrent Planning
  • Reduction in Overall Time-to-market
  • Increased Growth of PLM
  • Adoption of Lean Product Development

Key Market Trends

  • Evolution of Direct DM
  • SME-specific DM
  • Cloud-based DM
  • Integration of DM with Other PLM Solutions

Key Market Vendors

  • Autodesk Inc.
  • Dassault Systèmes
  • Mentor Graphics
  • PTC
  • Siemens PLM Software Inc.

To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.…