BOM Software Market-New Research Report Announced with business priorities in order to assist companies to realign their business strategies.

City of Industry, CA -- (SBWire) -- 07/13/2018 --This report studies the BOM Software market size by players, regions, product types and end industries, history data 2013-2017 and forecast data 2018-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

A software bill of materials (software BOM) is a list of components in a piece of software. Software vendors often create products by assembling open source and commercial software components. The software BOM describes the components in a product. It is analogous to a list of ingredients on food packaging. The concept of a BOM is well-established in traditional manufacturing as part of supply chain management. A manufacturer uses a BOM to track the parts it uses to create a product. If defects are later found in a specific part, the BOM makes it easy to locate affected products.

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One trend propelling growth in this market is the incorporation of PLM software into enterprise and MES software. The integration of PLM software with enterprise and manufacturing execution systems (MES) software is an effective method that will boost the growth in the market. The integration enables better transparency across business units and helps to save time.

The recent increase in mass customization will be one of the major drivers for this market. The rise in demand for product customization has led to an increased use of BOM solutions across various industries. Initially, companies were dependent on mass production to reduce cost. However, mass customization is gaining popularity. Customization of the product can lead to the creation of a single BOM, which can be used once or multiple times.

North America accounted for about 38% of the total market share and dominated the BOM software market during 2015. Constantly increasing investments in R&D and the growing need for safety features in automobiles will contribute to the growth of the market in this region during the forecast period.

In 2017, the global BOM Software market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% between 2018 and 2025.

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This report focuses on the global top players, covered

Autodesk

Arena Solutions

Aras

Dassault Systèmes

PTC

Siemens

IQMS

Omnify Software

Open Systems

Oracle

SAP

Silicon Expert Technologies

Market segment by Regions/Countries, this report covers

North America

Europe

China

Rest of Asia Pacific

Central & South America

Middle East & Africa

Market segment by Type, the product can be split into

Engineering BOM

Manufacturing BOM

Service BOM

Market segment by Application, the market can be split into

Automotive

Aerospace and Defense

Electrical and Electronics

Others