2025 Bill of Material (BOM) Software Market Outlook: Key Indicators Shaping Growth Through 2034

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Will the Bill of Material (BOM) Software Industry Market Size Be by 2025?
In the recent years, there has been noticeable growth in the market size of bill of material (BOM) software. It is predicted to rise from $9.1 billion in 2024 to $9.72 billion in 2025, following a compound annual growth rate (CAGR) of 6.8%. The proliferation experienced in the historic period can be credited to factors such as manufacturing intricacy, product intricacy, efficiency and cost minimization, consumer needs and competitive strains.

What's the Long-Term Growth Forecast for the Bill of Material (BOM) Software Market Size Through 2029?
The market size for the Bill of Material (BOM) software is anticipated to exhibit robust growth in the upcoming years, swelling to $12.47 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 6.4%. Factors propelling growth during the forecast period include improved supply chain resilience, sustainable and circular economic practices, remote work and collaboration opportunities, the rise of novel technologies, and data-driven decision-making strategies. Notable market trends for this period involve integration with the Internet of Things (IoT) and the Industry 4.0, applications of Artificial Intelligence (AI) and machine learning, advanced collaboration elements, customization options and configurability, as well as user experience (UX) design.

View the full report here:
https://www.thebusinessresearchcompany.com/report/bill-of-material-bom-software-global-market-report

What Are the Key Growth Drivers Fueling the Bill of Material (BOM) Software Market Expansion?
The escalating needs for remote collaboration are projected to spur the expansion of the bill of material (BOM) software market. Here, remote collaboration alludes to the coordinated work on projects, activities, or tasks between individuals or groups in diverse locations. Several factors fuel the upswing in remote collaboration. These include the trend toward remote work, technological improvements that enable virtual cooperation, and the pursuit of flexible work conditions. BOM software allows live updates to the bill of materials, guaranteeing that regardless of location or scheduling differences, all team members can access the most recent information and keep track of modifications as they occur. For example, in June 2023, Upwork Global Inc., a U.S.-based freelancing platform, predicted in a report that approximately 32.6 million Americans, roughly 22% of the workforce, will be working remotely by 2025. This represents an 87% increment from the levels before the pandemic. As a result, the swelling demand for remote collaboration fuels the growth prospects of the bill of material (BOM) software market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14864&type=smp

What Are the Key Trends Driving Bill of Material (BOM) Software Market Growth?
Key players in the bill of materials (BOM) software market are stepping up their game by creating cutting-edge solutions like the software bill of materials (SBOM). This innovation aims to magnify visibility and counteract threats in the supply chain. SBOM are specialized tools or mechanisms that facilitate real-time observation of extensive software infrastructures. This empowers businesses to make more informed decisions about potential risks in their software supply chains. An example of this was in November 2022, when Tanium, a US-based software corporation, introduced the Tanium Software Bill of Materials (SBOM). This tool optimizes the process of managing and monitoring crucial components and materials necessary for the production or assembly of goods. This trailblazing technology empowers organizations to preemptively tackle security risks and improve risk management strategies. Impressively, it stands as the only solution to offer IT and security experts with detailed visibility and instant resolution of software packages for any application on any endpoint during runtime.

How Is the Bill of Material (BOM) Software Market Segmented?
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

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=14864&type=smp

Which Companies Are Leading the Charge in Bill of Material (BOM) Software Market Innovation?
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.

Which Regions Are Leading the Global Bill of Material (BOM) Software Market in Revenue?
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.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14864

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe - +44 7882 955267,
Asia: +91 88972 63534,
Americas - +1 310-496-7795 or
Email: info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.