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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