Technavio recognizes the following companies as the key players in DM Market in Canada 2015-2019: Autodesk Inc, Dassault Systèmes, Mentor Graphics Corp, PTC, SAP SE and Siemens PLM Software Inc.
Other Prominent Vendors in the market are: Cogiscan, SIMUL8, Tata Technologies, Taylor Scheduling Software, TCS and Visual Components
Commenting on the report, an analyst from Technavio’s team said: “The emergence of DDM is expected to contribute significantly to the growth of the market. It takes less time to develop a digital model using DDM than by using conventional manufacturing methods. A conventional method consists of various stages of production such as molding, casting, and machining, but these are not required in DDM because it uses the additive fabrication process.”
According to the report, DM provides 100% traceability of product-related events, which has led to its increased adoption across industries in Canada. DM collects all data on the manufacturing process and compares them with the production plans. It warns the management if inconsistency arises in the process. This leads to a reduction in design changes and increases cost savings.
Further, the report states that the negative growth rate in industries such as automotive, electrical and electronics, and industrial machinery has hampered the growth of the DM market in Canada.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit- https://www.technavio.com/report/digital-manufacturing-dm-market-in-canada-report-analysis-and-forecast-2015-2019
https://www.technavio.com/%3Cp%3ETechnavio%2C%20the%20market%20research%2…
