PUBLISHER: The Business Research Company | PRODUCT CODE: 1681945
PUBLISHER: The Business Research Company | PRODUCT CODE: 1681945
Bill of materials (BOM) software is a tool designed to facilitate the creation, management, and optimization of bill of materials, which comprises a detailed list of all the parts, materials, and processes necessary to manufacture a product. This software streamlines the assembly and sub-assembly processes by automatically guiding users to locate components and checking their availability, thereby enhancing efficiency and productivity in manufacturing operations.
The primary types of bill of material (BOM) software include engineering BOM, manufacturing BOM, and service BOM. An engineering bill of materials (BOM) encompasses a comprehensive list of all components, parts, assemblies, and sub-assemblies necessary to manufacture a product in accordance with its engineering specifications. This software can be deployed both on-premise and in the cloud, catering to organizations of various sizes ranging from small and medium enterprises (SMEs) to large enterprises. It finds applications across diverse industries such as automotive, aerospace and defense, electrical and electronics, medical devices, industrial machinery, and consumer goods, facilitating efficient management of product development processes.
The bill of material (BOM) software market research report is one of a series of new reports from The Business Research Company that provides bill of material (BOM) software market statistics, including bill of material (BOM) software industry global market size, regional shares, competitors with a bill of material (BOM) software market share, detailed bill of material (BOM) software market segments, market trends and opportunities, and any further data you may need to thrive in the bill of material (BOM) software industry. This bill of material (BOM) software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The bill of material (BOM) software market size has grown strongly in recent years. It will grow from $9.1 billion in 2024 to $9.72 billion in 2025 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to manufacturing complexity, product complexity, efficiency and cost reduction, customer demands and competitive pressures.
The bill of material (BOM) software market size is expected to see strong growth in the next few years. It will grow to $12.47 billion in 2029 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to supply chain resilience, sustainability and circular economy, remote work and collaboration, emerging technologies and data-driven decision making. Major trends in the forecast period include integration with IoT and industry 4.0, AI and machine learning, enhanced collaboration features, customization and configurability, and user experience (UX) design.
The surge in demand for remote collaboration is poised to fuel significant growth in the bill of material (BOM) software market. Remote collaboration, characterized by working together across different physical locations, has seen a rapid uptick due to the shift towards remote work, advancements in virtual collaboration technology, and the desire for flexible work arrangements. BOM software plays a pivotal role in enabling seamless remote collaboration by facilitating real-time updates to the bill of materials, ensuring all team members have access to the latest information regardless of their location or time zone. For instance, data from June 2023, as per Upwork Global Inc., projects that approximately 32.6 million Americans will be working remotely by 2025, marking an 87% increase from pre-pandemic levels, thus driving the growth of the bill of material (BOM) software market.
Key players are focusing on developing innovative solutions such as Software Bill of Materials (SBOM) to address supply-chain threats and enhance visibility. SBOM tools offer real-time visibility into complex software environments, empowering organizations to make informed decisions about their software supply chain risks. For example, in November 2022, Tanium introduced the Tanium Software Bill of Materials (SBOM), streamlining the management and tracking of components required for product manufacturing or assembly. This solution enables proactive security vulnerability management and risk mitigation by providing IT and security professionals with granular visibility and real-time remediation of software packages on every endpoint at runtime.
In December 2023, Lynx Software Technologies strengthened its position in the market through the acquisition of Timesys Corporation. This strategic move allows Lynx Software Technologies to leverage Timesys' development and cybersecurity tools, along with its Linux engineering services, to support customers in designing, deploying, and servicing high-assurance edge software solutions. Timesys Corporation, a provider of software composition analysis (SCA) tools, enhances Lynx's capabilities in software bill of materials (SBOM) production and management, further solidifying its presence in the bill of material (BOM) software market.
Major companies operating in the bill of material (BOM) software market are Siemens AG, Oracle Corporation, SAP SE, Fujitsu Ltd., Dassault Systemes SE, Autodesk Inc., Cadence Design Systems Inc., Infor Inc., Lectra SA, Altium Limited, Zuken Inc., Silicon Expert, Tacton Systems AB, Fast React Systems Ltd., Arena Solutions Inc., HTS Inc., Aras Corporation, SofTech Group Inc., Xavor Corporation, Timesys Corporation, FlexSim Software Products Inc., Omnify Software Inc., Onshape Inc.
North America was the largest region in the bill of material (BOM) software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bill of material (BOM) software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the bill of material (BOM) software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The bill of materials (BOM) software market includes revenues earned by entities by providing real-time data monitoring, supply chain management, product data management, and consumer health and safety. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Bill of Material (BOM) Software Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on bill of material (bom) software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for bill of material (bom) software ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The bill of material (bom) software market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
1) By Engineering BOM; Design BOM; Product Structure BOM; Prototype BOM
2) By Manufacturing BOM; Assembly BOM; Process BOM; Material BOM