London, 20 October 2014 – TechNavio, a global tech-focused research firm has announced the publication of its market research report on the Global Digital Manufacturing Software Market 2014-2018.
Digital manufacturing software—a sub-segment of product lifecycle management software—helps improve the efficiency of production by optimizing the manufacturing process, managing data in the product development cycle and supporting effective collaboration among organizations. The Global Digital Manufacturing Software Market is expected to grow at a CAGR of 7.28 percent during the forecast period.
About the Report
The latest report by TechNavio focuses on the need to reduce time-to-market. Digital manufacturing reduces the overall production cost by 13 percent and increases cost savings on various manufacturing functionalities.
Additionally, the 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 digital manufacturing 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 the large digital manufacturing software vendors on SMEs,” says Faisal Ghaus, Vice President of TechNavio.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Reduced Time-to-market
- For a full detailed list, view our report.
Market Challenges:
- High Customer Switching Cost
- For a full detailed list, view our report.
Market Trends:
- Focus on Compact Digital Manufacturing Software
- For a full detailed list, view our report.
Key Vendors:
- Dassault Systèmes SA
- Mentor Graphics Corp.
- Parametric Technology Corp. Inc. (PTC)
- SAP AG
- Siemens PLM Software Inc.
Other Prominent Vendors:
- ASKON
- Autodesk
- Camstar
- Electronic Data Systems
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
