Remote Collaboration Drives Growth Of The BOM Software Market: An Emerging Driver Transforming The Bill of Material (BOM) Software Market Landscape

The Bill of Material (BOM) Software Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the Bill of Material (BOM) Software Market?
In recent times, there has been a significant increase in the size of the bill of material (BOM) software market. The figure is set to rise from $9.1 billion in 2024 to $9.72 billion in 2025, with a compound annual growth rate (CAGR) of 6.8%. The surge in growth during the historical period is due to factors such as the complexity of manufacturing and products, improvements in efficiency and cost reduction, customer needs and competitive stress.

The market size for bill of material (BOM) software is projected to experience robust expansion in the upcoming years, reaching a value of $12.47 billion in 2029 with an annual growth rate (CAGR) of 6.4%. The projected growth in this period is linked to factors such as resilience in supply chain management, sustainability and the circular economy, the advent of remote work and collaboration methods, the rise of emerging technologies, and the increasing reliance on data for decision-making. Notable trends anticipated during this period include IoT and industry 4.0 integration, the application of AI and machine learning, improved collaboration capabilities, greater customization and adaptability, and a focus on user experience (UX) design.

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What Are the Different Bill of Material (BOM) Software Market Segments?
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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What Are the Primary Drivers Shaping the Bill of Material (BOM) Software Market?
The bill of material (BOM) software market is expected to experience substantial growth due to the rising needs of remote collaboration. Remote collaboration, which pertains to carrying out projects, tasks, or activities by individuals or teams from diverse locations, sees an upward trend owing to various factors. Such factors include the drift towards remote employment, technological upgrades facilitating digital collaboration, and the quest for flexibility in work settings. BOM software, on the other hand, offers real-time modifications to the material list, providing all team members - irrespective of geographical location and work scheduling - access to the most recent details and ability to monitor changes as and when they occur. For example, a study conducted by Upwork Global Inc., a US-based freelance platform, revealed that by 2025, nearly 32.6 million Americans are anticipated to be working remotely. This figure represents around 22% of the workforce and an 87% surge from the levels before the pandemic. Thus, the escalating requirement for remote collaboration is paving the way for the BOM software market's growth.

Which Companies Are Leading in 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 Trends Are Expected to Dominate the Bill of Material (BOM) Software Market in the Next 5 Years?
Leading firms in the bill of materials (BOM) software market are creating groundbreaking solutions like the software bill of materials (SBOM) to boost visibility and tackle supply-chain threats. SBOM is a suite of software tools or systems that offer real-time clarity into intricate software ecosystems, permitting organizations to make more educated decisions regarding their software supply chain risks. An example is Tanium, a US-based software system company which launched the Tanium Software Bill of Materials (SBOM) in November 2022. This technology is intended to simplify the management and monitoring of components and materials needed for manufacturing or assembly of products. It empowers organizations to anticipate security vulnerabilities and bolster risk management proactively. As a first-of-its-kind, this solution delivers IT and security professionals with detailed insight and real-time rectification of software packages for every application running on each endpoint.

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What Are the Top Revenue-Generating Geographies in 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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Bill of Material (BOM) Software Market?
2. What is the CAGR expected in the Bill of Material (BOM) Software Market?
3. What Are the Key Innovations Transforming the Bill of Material (BOM) Software Industry?
4. Which Region Is Leading the Bill of Material (BOM) Software Market?

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