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Global BOM Software Market 2016-2020

About the Bill of Materials (BOM) Software Market

The BOM is a list of raw materials, parts, and components and the quantity of them required to manufacture a product. There are three types of BOM:

  • Manufacturing BOM: It is a list of parts required to manufacture a complete product.
  • Engineering BOM: It is a list of parts required as per the engineering drawing notes, which are made prior to manufacturing a product. It also includes substitute parts and alternative parts that are required during the design stage.
  • Service BOM: It is a list of parts required during the maintenance and service stage.
  • BOM software helps to visualize and share BOM information across various units of an organization on a real-time basis.
BOM software is widely used to track the changes made to a product during different stages of its life cycle. It is used to maintain consistency and have a record of the raw materials consumed during the life cycle of a particular model.

Technavio’s analysts forecast the global BOM software market to grow at a CAGR of 8.14% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global BOM software market for 2016-2020. To calculate the market size, Technavio considers the revenue generated from the total application of BOM globally. The report does not include revenue generated from the aftermarket service of the product.

The market is divided into the following segments based on geography:
  • APAC
  • Europe
  • North America
  • ROW
Technavio's report, Global Bill of Materials (BOM) Software Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Autodesk
  • Arena Solutions
  • Aras
  • Dassault Systèmes
  • PTC
  • Siemens PLM
Other prominent vendors
  • IQMS
  • Omnify Software
  • Open systems
  • Oracle
  • SAP
  • Siliceon Expert Technologies
Market driver
  • Improved efficiency of supply chain
  • For a full, detailed list, view our report
Market challenge
  • Growing concerns over data security
  • For a full, detailed list, view our report
Market trend
  • Incorporation of PLM software into enterprise and MES software
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Bill of Materials (BOM) Software Market 2016-2020

Technavio recognizes the following companies as the key players in the global bill of materials (BOM) software market: Autodesk, Arena Solutions, Aras, Dassault Systèmes, PTC, and Siemens.

Other Prominent Vendors in the market are: IQMS, Omnify Software, Open Systems, Oracle, SAP, and Silicon Expert Technologies.

Commenting on the report, an analyst from Technavio’s team said: “One trend propelling growth in this market is the incorporation of PLM software into enterprise and MES software. The integration of PLM software with enterprise and manufacturing execution systems (MES) software is an effective method that will boost the growth in the market. The integration enables better transparency across business units and helps to save time.”

According to the report, the recent increase in mass customization will be one of the major drivers for this market. The rise in demand for product customization has led to an increased use of BOM solutions across various industries. Initially, companies were dependent on mass production to reduce cost. However, mass customization is gaining popularity. Customization of the product can lead to the creation of a single BOM, which can be used once or multiple times.

Further, the report states that one challenge hampering this market’s growth prospects is the lack of standardization. Providing interoperability is difficult for the vendors because of lack of standardization in terms of protocol, program formats, syntax, and terminology. Each vendor follows a different format, which affects the overall interoperability among the BOM software offered by different vendors.

Companies Mentioned

Autodesk, Arena Solutions, Aras, Dassault Systèmes, PTC, Siemens, IQMS, Omnify Software, Open Systems, Oracle, SAP, and Silicon Expert Technologies.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Life cycle analysis
    • Table Life cycle stage of BOM 2015
    • Table Life cycle stage of BOM 2020
  • Market landscape
    • Market size and forecast
      • Table Global BOM software market 2015-2020 ($ billions)
  • Market attractiveness by end-user
    • Table Market attractiveness by end-user 2015
    • Table Market attractiveness by end-user 2020
  • Market segmentation by end-user
    • Table Global BOM software market by end-user 2015 (%)
    • Table Global BOM software market by CAGR 2015-2020 (%)
    • Automotive industry
      • Table Global BOM software market in automotive industry 2015-2020 ($ millions)
      • Table Features
    • Electrical and electronics industry
      • Table Global BOM software market in electrical and electronics industry 2015-2020 ($ millions)
    • Aerospace and defense industry
      • Table BOM software market in aerospace and defense industry 2015-2020 ($ millions)
      • Table R&D investments in aerospace and defense industry 2014
      • Table Process in R&D
  • Geographical segmentation
    • Table Global BOM software market by geography 2015 (%)
    • Table Global BOM software market by CAGR 2015-2020 (%)
    • North America
      • Table BOM software market in North America 2015-2020 ($ billions)
    • APAC
      • Table BOM software market in APAC 2015-2020 ($ millions)
      • Table Manufacturing units in India by automotive companies
    • Europe
      • Table BOM software market in Europe 2015-2020 ($ millions)
      • Table Product recalls in automotive industry
    • ROW
      • Table BOM software market in ROW 2015-2020 ($ millions)
  • Market drivers
    • Improved efficiency of supply chain
    • Increase in mass customization
    • Need to enhance communication among business units
    • Increased cross-plant manufacturing activities
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Growing concerns over data security
    • Lack of standardization
    • Threat of pirated software
    • High product and training costs
    • High cost of implementation
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Incorporation of PLM software into enterprise and MES software
      • Table Integration process of ERP, MES, and PLM
    • Use of BOM solutions to develop smart connected devices
  • Impact of trends
    • Table Impact of trends
  • Vendor landscape
    • Competitive analysis
      • Table Dassault Systèmes: Business/product segmentation 2014 (%)
      • Table Dassault Systèmes: Business/product segmentation by revenue 2013 and 2014 ($ billions)
      • Table Dassault Systèmes: Geographical segmentation by revenue 2014 (%)
      • Table PTC: Product segmentation 2014
      • Table PTC: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table PTC: Geographical segmentation by revenue 2014 (%)
      • Table Siemens: Expansion plan
      • Table Siemens: Expansion strategy by end-user
  • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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