Global PLM Software Market in the Automotive Sector 2018-2022 | Automatic Real-Time Tracking of Product to Boost Growth | Technavio
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.
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.
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 ReportMarket Outline Global PLM Software Market in the Automotive Sector Overview
Market InsightsMarket Sizing and Forecasts Market Growth Market Drivers and Challenges Key Emerging Trends
Market Segmentation AnalysisRegional comparison (APAC, Americas, and EMEA) Key leading countries Market segmentation by product (cPDM, CAD, S&A, and DM)
Vendor LandscapeVendor classification Market positioning of vendors Competitive scenario Analysis of top vendors (Autodesk, Dassault Systèmes, Oracle, PTC, and Siemens)
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SOURCE: Technavio Research
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PUB: 09/18/2018 02:16 PM/DISC: 09/18/2018 02:16 PM