DM Market in the US 2015-2019
Digital manufacturing software is a sub segment of product lifecycle management software. It improves overall production efficiency by defining the optimization of the manufacturing process, managing data during the product development cycle, and supporting effective collaboration in the organization. DM software provides and supports process planning, factory modeling, visualization and simulation of operations, human factor analysis, and collaborative communication. Industries such as the automotive, electrical and electronics, industrial machinery, aerospace and defense, consumer process goods, and utility industries use DM software.
Technavio's analysts forecast the DM market in US to grow at a CAGR of 7.55% over the period 2014-2019.
Covered in this Report
Technavio's report, the DM Market in US 2015-2019, has been prepared based on in-depth market analysis with inputs from industry experts. The report covers US; it also covers the market landscape in the US and its growth prospects in the coming years. The report also includes a discussion of the key vendors.Key Country
Technavio Announces the Publication of its Research Report – DM Market in the US 2015-2019
Technavio recognizes the following companies as the key players in the DM Market in the US: Autodesk, Dassault Systèmes, Mentor Graphics, PTC and Siemens PLM Software
Other Prominent Vendors in the market are: Accenture, Cogiscan, SIMUL8, Tata Technologies, Taylor Scheduling Software, TCS and Visual Components
Commenting on the report, an analyst from Technavio’s team said: “Many large DM software vendors are focusing on fast growing SMEs by providing SME-specific DM software. SMEs require compact DM software with less maintenance and easy configuration. This software also reduces the total cost of ownership as it is priced lower than other commercial DM software. Therefore, many SMEs and cost-driven companies have started adopting compact DM software, which in turn has increased the focus of large DM vendors on SMEs. In addition, SMEs are growing fast in the US, which enhances the market potential and creates opportunities for DM software vendors.”
According to the report, DM reduces production time and improves the lead time of the manufacturing process, which in turn creates demand for DM software. It is estimated that DM reduces production time by 40% and lead time by more than 15%. DM helps manufacturing companies in reducing the lead time by reducing product design time, shortening the production planning process, and reducing time spent on design changes. Thus, DM reduces overall time-to-market by 30% by improving the operational planning and product design process.
Further, the report states that although DM has a high ROI over a short period of time, it has a high switching cost for the end-user.
Autodesk, Dassault Systèmes, Mentor Graphics, PTC, Siemens PLM Software, Accenture, Cogiscan, SIMUL8, Tata Technologies, Taylor Scheduling Software, TCS, Visual Components
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