Aug 9, 2021   SOURCE: BusinessWire

Worldwide PLM in Discrete Manufacturing Industry to 2027 - Featuring ANSYS, Arena Solutions and Autodesk Among Others - ResearchAndMarkets.com

The "PLM in Discrete Manufacturing Market by Component, Deployment Model, and Enterprise Size, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2021-2028" report has been added to ResearchAndMarkets.com's offering.

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, the 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.

Key Benefits

  • The study provides an in-depth analysis of the global PLM in discrete manufacturing market forecast along with the current & future trends to explain the imminent investment pockets.
  • Information about key drivers, restraints, & opportunities and their impact analysis on global PLM in discrete manufacturing market trends is provided in the report.
  • Porter's five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
  • The quantitative analysis of the market from 2021 to 2028 is provided to determine the market potential.

Market Dynamics

Drivers

  • Growth in focus on building smart factories and smart products
  • Increase in demand for discrete manufacturing and PLM software from various SMEs
  • Surge in adoption of industrial IoT among manufacturing industries

Restraint

  • Higher investment and maintenance costs

Opportunities

  • Increase in integration of PLM solutions with IoT platform
  • Growth in demand for cloud-based PLM to streamline new product development processes

Companies Mentioned

  • ANSYS Inc.
  • Arena Solutions Inc.
  • Autodesk Inc.
  • Dassault Systemes
  • Infor
  • Oracle Corporation
  • PTC Inc.
  • SAP SE
  • Siemens AG
  • Synopsys Inc

For more information about this report visit https://www.researchandmarkets.com/r/650uo7