New York, NY -- (SBWIRE) -- 02/02/2018 -- The analysts forecast the global BOM software market to grow at a CAGR of 8.14% during the period 2016-2020.

The BOM is a list of raw materials, parts, and components and the quantity of them required to manufacture a product. There are three types of BOM:

- Manufacturing BOM: It is a list of parts required to manufacture a complete product.
- Engineering BOM: It is a list of parts required as per the engineering drawing notes, which are made prior to manufacturing a product. It also includes substitute parts and alternative parts that are required during the design stage.
- Service BOM: It is a list of parts required during the maintenance and service stage.
- BOM software helps to visualize and share BOM information across various units of an organization on a real-time basis.

BOM software is widely used to track the changes made to a product during different stages of its life cycle. It is used to maintain consistency and have a record of the raw materials consumed during the life cycle of a particular model.

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Covered in this report

The report covers the present scenario and the growth prospects of the global BOM software market for 2016-2020. To calculate the market size, Technavio considers the revenue generated from the total application of BOM globally. The report does not include revenue generated from the aftermarket service of the product.

The market is divided into the following segments based on geography:
- APAC
- Europe
- North America
- ROW

The report, Global Bill of Materials (BOM) Software Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Autodesk
- Arena Solutions
- Aras
- Dassault Systèmes
- PTC
- Siemens PLM

Other prominent vendors
- IQMS
- Omnify Software
- Open systems
- Oracle
- SAP
- Siliceon Expert Technologies

Market driver
- Improved efficiency of supply chain
- For a full, detailed list, view our report

Market challenge
- Growing concerns over data security
- For a full, detailed list, view our report

Market trend
- Incorporation of PLM software into enterprise and MES software
- For a full, detailed list, view our report

Key questions answered in this report
- 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?

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Table Of Contents – Major Key Points

PART 01: Executive summary
- Highlights

PART 02: Scope of the report
- Market overview
- Top-vendor offerings

PART 03: Market research methodology
- Research methodology
- Economic indicators

PART 04: Introduction
- Key market highlights

PART 05: Life cycle analysis

PART 06: Market landscape
- Market size and forecast

PART 07: Market attractiveness by end-user

PART 08: Market segmentation by end-user
- Automotive industry
- Electrical and electronics industry
- Aerospace and defense industry

PART 09: Geographical segmentation
- North America
- APAC
- Europe
- ROW

PART 10: Market drivers
- Improved efficiency of supply chain
- Increase in mass customization
- Need to enhance communication among business units
- Increased cross-plant manufacturing activities

PART 11: Impact of drivers

PART 12: Market challenges
- Growing concerns over data security
- Lack of standardization
- Threat of pirated software
- High product and training costs
- High cost of implementation

PART 13: Impact of drivers and challenges

PART 14: Market trends
- Incorporation of PLM software into enterprise and MES software
- Use of BOM solutions to develop smart connected devices

Continue……

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