Market Technology : PLM in the Automotive Sector Market Globally Grow at a CAGR of 9.19% by Revenue During the Forecast Period 2017-2020

Albany, NY, 14th FEB : Many manufacturing companies need PLM software as it deals with various functional levels of an organization such as product designing, design engineering, and manufacturing. The need for managing a product from the concept to servitization has led to the emergence of PLM software and services. The growing product complexity and increase in product portfolio across organizations has led to demand for a system that can provide solutions to the production process across industries. The implementation of a PLM in an organization provides higher revenue, reduced costs, and capital efficiency.

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Technavios analysts forecast the global PLM market to grow at a CAGR of 9.19% during the period 2016-2020.

Covered :
The report covers the present scenario and the growth prospects of the global PLM market in the automotive industry for the period 2016-2020. To calculate the market size and the vendor share, the report considers both the direct revenue and the indirect revenue of the vendors.

Segments based on products:
CAD
CFD
cPDM
DM
EDA
FEA
NC

Technavio's report, Global PLM in the Automotive Sector 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.

Key vendors
Autodesk
Dassault Systmes
PTC
Siemens PLM Software

Other prominent vendors
Ansys
Bentley
3D Systems
Cadence
Cadonix
CD-Adapco
Graebert
Hexagon
IMSI/Design
IronCAD
Mentor Graphics
MSC
Numeca International
Oracle
SAP
Synopsys
Zuken

Key driver
Increasing product recalls in automotive industry
For a full, detailed list, view our report

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Key challenge
Threat of pirated software
For a full, detailed list, view our report

Key trend
Increased usage of mobile applications of PLM
For a full, detailed list, view our report

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