- The key vendors in the global DM in electrical and electronics sector 2015-2019 are Autodesk, Dassault Systèmes, Mentor Graphics, PTC and Siemens PLM Software
London, 19 October 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global DM in electrical and electronics sector 2015-2019. Vendors are focusing on reducing the adoption cost of PLM, thereby leading to increased adoption of cloud-based PLM software. Many PLM service providers are implementing PLM on the cloud for end-users. Technavio’s market research analysts predict that most of the major players in the PLM industry will be providing DM-specific mobile applications. The global DM market in the electrical and electronics industry is expected to grow at a CAGR of 7.34% during 2014-2019.
The market vendors are experiencing market potential that is moving toward growing economies such as China, Indonesia, Thailand, and India. The increase in the outsourcing manufacturing activities of electronic devices to developing economies enhances the market potential of the electronic devices manufacturing industries in the developing countries. Therefore, many vendors have started to focus on growing economies rather than focusing on mature markets.
“DM helps to smoothen the flow of product and plant information during different change processes without losing consistency in product designs,” says Faisal Ghaus, Vice President of Technavio Research.
“One of the major facts that drives the need for DM is that it can be used for enhancing traceability in manufacturing processes. DM collects all data regarding the manufacturing process, compares it with the production plans, and warns the management in case of any inconsistency.”
To define the market conditions 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.
If you are interested in more information on this topic and our upcoming research on the Global DM in Electrical and Electronics Sector 2015-2019, please send an e-mail to media@TechNavio.com
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