Naperville, IL -- (SBWIRE) -- 04/22/2015 -- Reportstack, provider of premium market research reports announces the addition of Digital Manufacturing (DM) Market in Canada: Report Analysis and Forecast 2015-2019 market report to its offering.
Market Landscape of DM Market in Canada:
The research report on DM Market in Canada emphasizes on the revenue generated from its vendors:
The DM Market in Canada is witnessing intense competition among the existing vendors and new players. To withstand this competitive scenario, it has become crucial for the market vendors to differentiate their products and services through distinct and exclusive value proposals.
Some key DM solution provider vendors are proceeding towards cloud offerings, congregating diverse technologies related to mobile, data and analytics and incorporating social media into new products. Such technological upgrades are assisting the vendors in delivering a rich-user experience, value-added performance and increased flexibility in a convenient way.
Key Highlights of DM Market in Canada:
It is estimated that the DM Market in Canada is expected to reach around US$20million by 2019.
To acquire optimum advantage out of DM, organizations across Canada are executing DM as a chief component in entire end-to-end PLM solutions.
The implementation of DM across Canadian companies has helped them to accomplish 30-40 percent time reduction to market, 65-70 percent cutback in design modifications, 40-50 percent reduction in manufacturing planning process, 15-25 percent increase in production quantity, and overall production cost rebate by 10- 20 percent.
About Digital Manufacturing:
DM software is a sub-category of the product life cycle management software. It aims at enhancing the overall proficiency of the production by expanding the manufacturing process, handling data in product development cycle, and backing adequate alliances among the organization.
DM software defers process planning, factory modelling, visualization and simulation of operations, human factor analysis and collaborative communication. It aids manufacturing companies to develop their production adeptness through time and cost reduction.
Market Segmentation by End-Users and Advantages of DM:
The DM Market in Canada is segmented into seven major end-users segment:
Aerospace and Defense
Electrical and Electronics
Consumer Packaged Goods
Others (includes Pharmaceutical, Cosmetics, Medical, and Others)
The companies implementing DM are in a much efficient position in accomplishing proficiency in design, process, operation and production. Undertaking DM software provides both qualitative as well quantitative benefits to the end-users, and also is conducive and enhances possibilities of cost reduction.
DM facilitates immediate detection of errors and assists in clear understanding of the tools used in production. It delivers competent and efficient collaboration and communication between product design and manufacturing.
The implementation of DM provides a well-organized planning, scheduling and complex process through business. Besides administering digital models of shop floor, simulation of production and assembly operations, the adoption of DM minimizes inventory, delivering an upgraded plant layout and labor planning.
Significant Factors Driving Market Growth:
The augmented application of DM across Canadian industries is primarily due to its maintenance of 100 percent traceability of errors. DM gathers entire data manufacturing process and associates it with the production plans thereby notifying the management in case of any discrepancy. This consequentially leads to a considerable reduction in design alterations and substantially increases cost savings.
Furthermore, DM dispenses detail data regarding the list of operation taking place and assists in classifying any issues affecting the product from the root level.
Top Companies in DM Market in Canada:
Siemens PLM Software
Other Sections Include an Analysis on the Following:
Detailed Analysis of DM Value Creation from End-User Prospect
Top three Drivers and its Impact on the DM Market in Canada
Top three Challenges and its Impact on the DM Market in Canada
Top three Trends and its Impact on the DM Market in Canada
Five Forces Analysis of DM Market in Canada
Other Related Reports:
Global Digital Marketing Software Market 2015-2019
Global Network Management Software Market 2015-2019
Global Security Software Market 2015-2019
Complete report is available @