Deerfield Beach, FL -- (SBWIRE) -- 04/19/2016 -- About PLM in the Automotive Sector

Many manufacturing companies need PLM software as it deals with various functional levels of an organization such as product designing, design engineering, and manufacturing. The need for managing a product from the concept to servitization has led to the emergence of PLM software and services. The growing product complexity and increase in product portfolio across organizations has led to demand for a system that can provide solutions to the production process across industries. The implementation of a PLM in an organization provides higher revenue, reduced costs, and capital efficiency.

Global PLM market to grow at a CAGR of 9.19% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global PLM market in the automotive industry for the period 2016-2020. To calculate the market size and the vendor share, the report considers both the direct revenue and the indirect revenue of the vendors.

The market is divided into the following segments based on products:
- CAD
- CFD
- cPDM
- DM
- EDA
- FEA
- NC

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Global PLM in the Automotive Sector 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
- Dassault Systèmes
- PTC
- Siemens PLM Software

Other prominent vendors
- Ansys
- Bentley
- 3D Systems
- Cadence
- Cadonix
- CD-Adapco
- Graebert
- Hexagon
- IMSI/Design
- IronCAD

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- Mentor Graphics
- MSC
- Numeca International
- Oracle
- SAP
- Synopsys
- Zuken

Market driver
- Increasing product recalls in automotive industry
- For a full, detailed list, view our report

Market challenge
- Threat of pirated software
- For a full, detailed list, view our report

Market trend
- Increased usage of mobile applications of PLM
- For a full, detailed list, view our report