DM software is a part of the product lifecycle management software. It helps improve the overall efficiency of the production in an organization by defining the optimization of manufacturing processes and managing data in the product development cycle, and it also supports the effective collaboration within the organization. DM software provides and supports process planning, factory modeling, visualization and simulation of operations, human factor analysis, and collaborative communication. It helps manufacturing companies to improve their production efficiency by reducing production time and manufacturing expenses. Industries such as automotive, electrical and electronics, industrial machinery, aerospace and defense, consumer process goods, and utility industries use DM software.
Technavio's analysts forecast the global DM market in the automotive industry to grow at a CAGR of 8.08% over the period 2014-2019.
Covered in this report
The report covers the current scenario and the growth prospects of the global DM market in the automotive industry for the period of 2015-2019. To calculate the market size and vendor share, the report considers both direct and indirect revenue of vendors. It presents the vendor landscape and a corresponding detailed analysis of the top four vendors in the market. In addition, the report discusses the major growth drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends that will contribute to the growth of the market.
Technavio's report, Global DM Market in the Automotive Industry 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global DM Market in the Automotive Industry 2015-2019
Technavio recognizes the following companies as the key players in the Global DM Market in the Automotive Industry: Autodesk, Mentor Graphics, Siemens, PTC and Dassault
Other Prominent Vendors in the market are: CAD Schroer and Bentley
Commenting on the report, an analyst from Technavio’s team said: “Vendors are focusing on reducing the adoption cost of PLM, thereby leading to increased adoption of cloud-based PLM software. Various PLM service providers are implementing PLM on the cloud for end-users. For instance, Wipro, a global information technology, consulting, and outsourcing firm, is providing cloud-based PLM services for Siemens PLM Software's solution, Teamcenter. These services help electronics and semiconductor manufacturing companies to deploy Teamcenter on the cloud through infrastructure as a service.”
According to the report, the major solution for reduction or elimination of product recalls is traceability. Traceability is the process of verifying the systems or products with the help of well-documented historic data. One of the major facts that drive the need for DM is that it can be used for enhancing traceability in manufacturing processes. DM collects all data regarding the manufacturing process and compares it with the production plans and warns the management in case of any inconsistency.
Further, the report states that piracy issues of DM software are a major challenge for vendors, leading to a decrease in their revenue. The sharing of a purchasing license of a single end-user with other end-users is also considered software piracy.
Autodesk, Mentor Graphics, Siemens, PTC, Dassault, CAD Schroer, Bentley
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