PLM Software Market in the Automotive Sector- Roadmap for Recovery from COVID-19 | Rise in IoT Integration to boost the Market Growth | Technavio | Region
September 16, 2020
LONDON–(BUSINESS WIRE)–Sep 16, 2020–
Technavio has been monitoring the PLM software market in the automotive sector and it is poised to grow by USD 937.74 million during 2020-2024, progressing at a CAGR of over 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global PLM Software Market in the Automotive Sector 2020-2024 (Graphic: Business Wire)
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions-
What are the major trends in the market?
Automatic real-time tracking of products is one of the major trends in the market.
At what rate is the market projected to grow?
Growing at a CAGR of over 3%, the incremental growth of the market is anticipated to be USD 937.74 million.
Who are the top players in the market?
Accenture Plc, Altair Engineering Inc., ANSYS Inc., Autodesk Inc., Dassault Systemes SE, Infor Inc., Oracle Corp., PTC Inc., SAP SE, and Siemens AG are some of the major market participants.
What are the key market drivers?
Rise in IoT integration is one of the major factors driving the market.
How big is the North America market?
The North America region will contribute 44% of market growth.
The market is concentrated, and the degree of concentration will accelerate during the forecast period. Accenture Plc, Altair Engineering Inc., ANSYS Inc., Autodesk Inc., Dassault Systemes SE, Infor Inc., Oracle Corp., PTC Inc., SAP SE, and Siemens AG. are some of the major market participants. The rise in IoT integration will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
PLM Software Market in the Automotive Sector 2020-2024: Segmentation
PLM Software Market in the Automotive Sector is segmented as below:
Collaborative Product Data Management
Simulation and Analysis
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PLM Software Market in the Automotive Sector 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The PLM software market in the automotive sector report covers the following areas:
PLM Software Market in the Automotive Sector Size
PLM Software Market in the Automotive Sector Trends
PLM Software Market in the Automotive Sector Analysis
This study identifies the advantage of automatic real-time tracking of products as one of the prime reasons driving the PLM software market growth in the automotive sector during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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PLM Software Market in the Automotive Sector 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist PLM software market growth in the automotive sector during the next five years
Estimation of the PLM software market size in the automotive sector and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the PLM software market in the automotive sector
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of PLM software market vendors in the automotive sector
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Product
Comparison by Product
Collaborative product data management – Market size and forecast 2019-2024
Computer-aided design – Market size and forecast 2019-2024
Simulation and analysis – Market size and forecast 2019-2024
Digital manufacturing – Market size and forecast 2019-2024
Market opportunity by Product
North America – Market size and forecast 2019-2024
Europe – Market size and forecast 2019-2024
APAC – Market size and forecast 2019-2024
South America – Market size and forecast 2019-2024
MEA – Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Volume driver – Demand led growth
Market positioning of vendors
Altair Engineering Inc.
Dassault Systemes SE
Scope of the report
Currency conversion rates for US$
List of abbreviations
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View source version on businesswire.com:https://www.businesswire.com/news/home/20200915006003/en/