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Global PLM Software Market in the Automotive Sector 2018-2022 | Automatic Real-Time Tracking of Product to Boost Growth | Technavio

September 18, 2018

LONDON--(BUSINESS WIRE)--Sep 18, 2018--According to the latest market research report released by Technavio, the global PLM software market in the automotive sector is expected to accelerate at a CAGR of over 9% during the forecast period. The rise in IoT integration is one of the key factors triggering the growth of the market.

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According to the latest market research report released by Technavio, the global PLM software market in the automotive sector is expected to accelerate at a CAGR of over 9% until 2022. (Graphic: Business Wire)

This research report titled provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.

This report is available at a USD 1,000 discount for a limited time only:

The market research analysis categorizes the global PLM software market in the automotive sector into the following products:

cPDM CAD S&A DM

In 2017, the cPDM segment contributed over USD 4.2 million to the total revenue of the global market and is projected to witness the highest incremental growth of over 4% during the forecast period.

Global PLM software market in the automotive sector: Top emerging trend

Automatic real-time tracking of product is an emerging trend in the global PLM software market in the automotive sector. The demand for real-time tracking and collaboration is increasing, and multiple users are working on the content in real time. This surge in real-time tracking led Apple and Microsoft to integrate real-time collaboration features in the existing desktop applications such as iWorks and Office. To increase the overall productivity, intelligent PLM scheduling tools are integrated into the system. These tools prompt the project managers, engineers, and analysts to do their essential tasks on time as per the pre-plan. Also, a pre-defined process library can provide the best possible output for a function using PLM software. The tool will send a message to create the missing process if there is no present process output. Therefore, these features are expected to be adopted by several PLM software vendors during the forecast period.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Technavio’s report provides expert market research on the following topics:

Executive Report

Market Outline Global PLM Software Market in the Automotive Sector Overview

Market Insights

Market Sizing and Forecasts Market Growth Market Drivers and Challenges Key Emerging Trends

Market Segmentation Analysis

Regional comparison (APAC, Americas, and EMEA) Key leading countries Market segmentation by product (cPDM, CAD, S&A, and DM)

Vendor Landscape

Vendor classification Market positioning of vendors Competitive scenario Analysis of top vendors (Autodesk, Dassault Systèmes, Oracle, PTC, and Siemens)

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20180918005989/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE AUTOMOTIVE GENERAL AUTOMOTIVE

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 09/18/2018 02:16 PM/DISC: 09/18/2018 02:16 PM

http://www.businesswire.com/news/home/20180918005989/en

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