Global Digital Manufacturing Market To Drive Growth At CAGR of 7.6% By 2020

About the Digital Manufacturing Market

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Many manufacturing companies need product life cycle management (PLM) software because it deals with different functional levels of an organization such as product designing, design engineering, and manufacturing. The need for managing a product during the manufacturing process has led to the emergence of PLM software and services. The growing complexity of products and the increase in product portfolio across organizations has led to the demand for a system that can provide solutions to the production process across industries. The implementation of PLM in an organization provides higher revenue, reduces cost, and increases capital efficiency.

Technavios analysts forecast the global digital manufacturing market to grow at a CAGR of 7.6% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global digital manufacturing market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of DM software only.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Digital Manufacturing 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.

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Key vendors
Siemens PLM Software
Dassault Systmes
Autodesk
Mentor Graphics
PTC

Other prominent vendors
CAD Schroer
Open Factory 3D
Bentley Systems

Market driver
DM as an important link in manufacturing
For a full, detailed list, view our report

Market challenge
Threat from pirated software
For a full, detailed list, view our report

Market trend
Introduction of cloud-based DM 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?

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