Market Research Report
PLM in Discrete Manufacturing Market by Component, Deployment Model, and Enterprise Size, and Industry Vertical : Global Opportunity Analysis and Industry Forecast, 2021-2028
|PLM in Discrete Manufacturing Market by Component, Deployment Model, and Enterprise Size, and Industry Vertical : Global Opportunity Analysis and Industry Forecast, 2021-2028|
Published: May 27, 2021
Allied Market Research
Content info: 387 Pages
Delivery time: 2-3 business days
Discrete manufacturing is a type of manufacturing process that creates products differentiated by individual units and assembles parts in a prescribed process to produce a distinct item such as smartphones. Product lifecycle management helps improve product quality and reliability. In addition, PLM provides accurate bill of materials (BOM) to manufactures, which helps them to detect errors at a faster speed and reduce delivery time. Furthermore, most manufacturing has a multi-step assembly process and PLM helps companies to monitor production processes and provide decision support to operators, which enhances growth of the market.
Increase in demand for discrete manufacturing and PLM software by various SMEs and rise in adoption of Industrial IoT among manufacturing industries boost growth of the global PLM in discrete manufacturing market. In addition, rise in digital transformation in various industries across different developing nations positively impacts growth of the market. However, high investments and integration costs hamper the market growth. On the contrary, surge in demand for cloud-based PLM software and emergence of smart factories and smart manufacturing across the globe is expected to offer remunerative opportunities for expansion of the market during the forecast period.
The global PLM in discrete manufacturing market is segmented on the basis of component, deployment model, enterprise size, industry vertical, and region. By component, the market is bifurcated into software and services. By deployment mode, it is categorized on-premise and cloud. On the basis of enterprise size, it is classified into large enterprises and small & medium enterprises. Depending on industry vertical, it is fragmented into automotive & transportation, industrial machinery & heavy equipment's, high-tech & consumer electronics, aerospace & defense and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the PLM in discrete manufacturing market analysis are ANSYS, Inc., Arena Solutions, Inc., Autodesk, Inc., Dassault Systemes, Infor, Oracle Corporation, PTC Inc., SAP SE, Siemens AG, and Synopsys Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
By Deployment Model
By Enterprise Size
By Industry Vertical