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Innovative Solutions In The Bill Of Materials (BOM) Software Market To Enhance Visibility And Combat Supply-Chain Threats Trend: A Crucial Influence on the Bill of Material BOM Software Market's Transformation in 2025
Bill of Material BOM Software Market
The bill of material (BOM) software market has expanded steadily, expected to increase from $9.1 billion in 2024 to $9.72 billion in 2025, at a CAGR of 6.8%. Growth is driven by increasing manufacturing and product complexity, the need for efficiency and cost reduction, and rising customer demands and competitive pressures.
The bill of material (BOM) software market is projected to grow to $12.47 billion by 2029 with a CAGR of 6.4%. Growth is driven by supply chain resilience, sustainability initiatives, remote work trends, and data-driven decision-making. Key trends include integration with IoT, AI, machine learning, Industry 4.0, enhanced collaboration features, customization, and improved user experience design.
What Factors Are Fueling Growth in the Bill of Material BOM Software Market?
The rising demand for remote collaboration is expected to fuel the growth of the bill of material (BOM) software market. Remote collaboration, especially in the context of global teams working across time zones, is driving the need for real-time updates and accessible project management tools. The Upwork Global Inc. report predicts that the U.S. workforce working remotely will continue to grow, further driving the need for BOM software.
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Which Leading Companies Are Shaping the Growth of the Bill of Material BOM Software Market?
Major companies operating in the bill of material (BOM) software market are Siemens AG, Oracle Corporation, SAP SE, Fujitsu Ltd., Dassault Systèmes SE, Autodesk Inc., Cadence Design Systems Inc., Infor Inc., Lectra SA, Altium Limited, Zuken Inc., Silicon Expert, Tacton Systems AB, Fast React Systems Ltd., Arena Solutions Inc., HTS Inc., Aras Corporation, SofTech Group Inc., Xavor Corporation, Timesys Corporation, FlexSim Software Products Inc., Omnify Software Inc., Onshape Inc.
What Are the Major Trends Shaping the Bill of Material BOM Software Market?
Leading companies in the bill of materials (BOM) software market are focusing on developing innovative solutions like software bill of materials (SBOM) to improve visibility and tackle supply chain threats. SBOM tools or systems provide real-time insights into complex software environments, helping organizations make informed decisions regarding software supply chain risks. For example, Tanium, a US-based systems software company, unveiled the Tanium Software Bill of Materials (SBOM) in November 2022. This tool streamlines the management and tracking of materials required for product manufacturing or assembly, enabling organizations to address security vulnerabilities and strengthen risk management. It is the only solution offering IT and security experts granular visibility and real-time remediation of software packages across every endpoint at runtime.
What Are the Key Segments of the Bill of Material BOM Software Market?
The bill of material (BOM) software market covered in this report is segmented -
1) By Type: Engineering BOM, Manufacturing BOM, Service BOM
2) By Deployment: On-Premise, Cloud-Based
3) By Organization Size: Small And Medium Enterprises (SMEs), Large Enterprises
4) By Application: Automotive, Aerospace And Defense, Electrical And Electronics, Medical Devices, Industrial Machinery, Consumer Goods
Subsegments:
1) By Engineering BOM, Design BOM, Product Structure BOM, Prototype BOM
2) By Manufacturing BOM, Assembly BOM, Process BOM, Material BOM
3) By Service BOM: Maintenance BOM: Spare Parts BOM, After market BOM
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Which Region Dominates the Bill of Material BOM Software Market?
North America was the largest region in the bill of material (BOM) software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bill of material (BOM) software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Bill of Material BOM Software Global Market Report?
- Market Size Analysis: Analyze the Bill of Material BOM Software Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Bill of Material BOM Software Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Bill of Material BOM Software Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Bill of Material BOM Software Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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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…
