The report forecasts the global BOM software market to grow at a CAGR of 8.14% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: One trend propelling growth in this market is the incorporation of PLM software into enterprise and MES software. The integration of PLM software with enterprise and manufacturing execution systems (MES) software is an effective method that will boost the growth in the market. The integration enables better transparency across business units and helps to save time.
According to the report, the recent increase in mass customization will be one of the major drivers for this market. The rise in demand for product customization has led to an increased use of BOM solutions across various industries. Initially, companies were dependent on mass production to reduce cost. However, mass customization is gaining popularity. Customization of the product can lead to the creation of a single BOM, which can be used once or multiple times.
Further, the report states that one challenge hampering this market's growth prospects is the lack of standardization. Providing interoperability is difficult for the vendors because of lack of standardization in terms of protocol, program formats, syntax, and terminology. Each vendor follows a different format, which affects the overall interoperability among the BOM software offered by different vendors.
- 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?
- Arena Solutions
- Dassault Systèmes
- Omnify Software
- Open Systems
- Silicon Expert Technologies
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Life cycle analysis
PART 06: Market landscape
PART 07: Market attractiveness by end-user
PART 08: Market segmentation by end-user
PART 09: Geographical segmentation
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Impact of trends
PART 16: Vendor landscape
PART 17: Other prominent vendors
PART 18: Appendix
PART 19: About the Author
For more information visit http://www.researchandmarkets.com/research/xkw56t/global_bom
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/research-and-markets---global-bom-software-market-cagr-growth-of-814-by-2020---trends-technologies--opportunities-report-2016-2020---key-vendors-iqms-sap-silicon-expert-technologies-300293847.html
SOURCE Research and Markets