Digital manufacturing
software is a sub segment of product lifecycle management software. It improves
the overall efficiency of production by defining the optimization of the
manufacturing process, managing data in the product development cycle, and
supporting effective collaboration in the organization. The digital
manufacturing software provides and supports process planning, factory
modelling, visualization and simulation of operations, human factor analysis,
and collaborative communication. It helps manufacturing companies to improve
production efficiency by reducing production time, and reduce manufacturing
expenses.
Analysts forecast
the Global Digital
Manufacturing Software market
to grow at a CAGR of 7.28 percent over the period 2013-2018.
The report recognizes
the following companies as the key players in the Global Digital Manufacturing
Software Market: Dassault Systèmes SA, Mentor Graphics Corp., Parametric
Technology Corp. Inc. (PTC), SAP AG and Siemens PLM Software Inc.
Other Prominent
Vendors in the market are: ASKON, Autodesk, Oracle, Camstar Systems, Cogiscan,
Electronic Data Systems, Giraffe Production Systems, Kineo CAM, Krontime,
SIMUL8, Taylor Scheduling Software, and Visula Components.
The development of
integrated digital manufacturing software packages are one of the key emerging
trends in this market. Many of the large digital manufacturing software vendors
have started to focus on fast growing small and medium enterprises by providing
specific digital manufacturing software. These specific digital manufacturing
software solutions reduce the total cost of ownership because they are less
expensive than other commercial digital manufacturing software.
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Covered in this Report
This report covers
the present scenario and the growth prospects of the Global Digital
Manufacturing Software market during the period 2014-2018. For ascertaining the
market size and vendor share the report considers the revenue obtained from the
sales of digital manufacturing software services and products in the global
market.
Global Digital
Manufacturing Software Market 2014-2018, has been prepared based on an in-depth
market analysis with inputs from industry experts. The report covers the
Americas, and the EMEA and APAC regions; it also covers the Global Digital
Manufacturing Software market landscape and its growth prospects in the coming
years. The report also includes a discussion of the key vendors operating in
this market.
According to the
report, the main driver of the market is the need to reduce time-to-market.
Digital manufacturing reduces the overall production cost by 13 percent and
increases cost savings on various manufacturing functionalities. It also
reduces expenditure on resources by more than 40 percent.
Further, the report
states that the main challenge faced by the market is the high customer
switching cost. The switching cost for digital manufacturing software customers
is huge, and it affects the performance of PLM tools.
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