This industry report offers market forecast and growth prospects for the global DM market in the industrial machinery sector until 2019. This research report examines the key trends impacting the market shares for APAC, Americas, and EMEA. The leading vendors analyzed in this report include Autodesk, Dassault, PTC, and Siemens.
Technavio’s market research analysts estimate the global DM market in the industrial machinery sector to grow at a CAGR of more than 7% between 2015 and 2019. Increased demand for metal-cutting tools, metal-forming tools, and machine tool accessories across automotive, electronics, transport, and general machinery sectors is driving the growth of the global DM market in the industrial machinery industry. The Americas is the largest revenue contributor to the global DM market in the industrial machinery sector, accounting for 39% of the total market share.
The new market research report from Technavio provides a breakdown and analysis of the DM in industrial sector segments by technology.
“Of late, the vendors are focusing on reducing the adoption cost of digital manufacturing through the implementation of cloud-based product lifecycle management (PLM) software. For instance, Wipro, a global information technology firm is providing cloud-based PLM services for Siemens PLM Software’s solution called Teamcenter. These services help electronics and semiconductor manufacturing companies to deploy Teamcenter on the cloud through Infrastructure as a Service (IaaS),” says Amrita Chaudury, Lead Analyst, ICT, Technavio Research.
DM helps simulate a virtual environment and creates prototypes for the manufacturing set up. With the help of this simulation, designers can rectify issues related to design, manufacturing, and maintenance in early stages. Ergonomic analysis along with simulation for single parts and assemblies helps reduce the setup costs to a great extent, especially labor costs.
The major vendors in the global DM market in the industrial machinery sector include Autodesk, Dassault, PTC, and Siemens. The market is highly fragmented with the presence of various local and global vendors. Many vendors have started to enhance their market potential through multiple innovative strategies and mergers and acquisitions.
A more detailed analysis is available in the Technavio report, Global DM Market in the Industrial Machinery Sector 2015-2019.
We can customize reports by other regions and specific segments upon request.
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