PLM Software Market in the Automotive Sector to witness USD 937.74 Mn growth | Huge opportunities in collaborative product data management segment | T

One of the primary growth drivers for this market is the rise in IoT integration. The increased adoption of cloud solutions and IoT is having a significant impact on the global PLM market. Enterprises across various industries are leveraging IoT technologies to improve the present product lifecycle applications and technologies to meet the growing future technological demands. Moreover, IoT implementation provides features such as predictive maintenance, repair, and overhaul, thereby providing a platform to connect and communicate with products and help optimize future service schedules, and reduce the overall maintenance costs. Furthermore, IoT implementation in PLM software provides clear visibility and detailed consumer insights into consumer behavior. All these factors are expected to have a positive impact on the growth of the market during the forecast period.

PLM Software Market in the Automotive Sector: Segment Highlights

Based on the product, the PLM software market is segmented as:

• Collaborative product data management
• Computer-aided design
• Simulation and analysis
• Digital manufacturing

The collaborative product data management segment will have the largest share of the market over the forecast period. Increasing demand for productivity and resource management across the manufacturing value chain in various industries is the major factor driving the growth of the segment.

Regional Analysis

44% of the total market growth will originate from the North American region. The region is an early adopter of advanced technologies across all industries. The industrial sector in the region is technologically mature, owing to the rapid adoption of technologies. In addition, the strong existence and penetration of the top vendors is increasing the overall market growth in the region.

Get highlights on other potential segments and regions in the market. Download a Sample Report

Notes:

• The PLM software market in the automotive sector size is expected to accelerate at a CAGR of  3% during the forecast period.
• The PLM software market in the automotive sector is segmented into Product (Collaborative product data management, Computer-aided design, Simulation and analysis, and Digital manufacturing) and Geography (North America, Europe, APAC, South America, and MEA).
• The market is concentrated due to the presence of a few established vendors holding significant market share.
• The research report offers information on several market vendors, including Accenture Plc, Altair Engineering Inc., ANSYS Inc., Autodesk Inc., Dassault Systemes SE, Infor Inc., Oracle Corp., PTC Inc., SAP SE, and Siemens AG.

Get more insights into the vendor landscape. Understand how the purchase of our full report on the PLM software market share in the automotive sector can bring more value to your business. Get a Sample Report Now

Related Reports:

Manufacturing Operations Management (MOM) Software Market by End-user and Geography - Forecast and Analysis 2022-2026

Product Lifecycle Management (PLM) in Consumer Goods Market by Deployment and Geography - Forecast and Analysis 2022-2026

Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Market characteristics
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Product

• Market segments
• Comparison by Product
• Collaborative product data management - Market size and forecast 2019-2024
• Computer-aided design - Market size and forecast 2019-2024
• Simulation and analysis - Market size and forecast 2019-2024
• Digital manufacturing - Market size and forecast 2019-2024
• Market opportunity by Product

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Volume driver - Demand led growth
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Accenture Plc
• Altair Engineering Inc.
• ANSYS Inc.
• Autodesk Inc.
• Dassault Systemes SE
• Infor Inc.
• Oracle Corp.
• PTC Inc.
• SAP SE
• Siemens AG

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com/

SOURCE Technavio