DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/dh9tzd/global_digital) has announced the addition of the "Global Digital Manufacturing Software Market 2014-2018" report to their offering.
The Global Digital Manufacturing Software market to grow at a CAGR of 7.28% over the period 2013-2018.
This report covers the present scenario and the growth prospects of the Global Digital Manufacturing Software market during the period 2014-2018. For ascertaining the market size and vendor share the report considers the revenue obtained from the sales of digital manufacturing software services and products in the global market.
The development of integrated digital manufacturing software packages are one of the key emerging trends in this market. Many of the large digital manufacturing software vendors have started to focus on fast growing small and medium enterprises by providing specific digital manufacturing software. These specific digital manufacturing software solutions reduce the total cost of ownership because they are less expensive than other commercial digital manufacturing software.
According to the report, the main driver of the market is the need to reduce time-to-market. Digital manufacturing reduces the overall production cost by 13 percent and increases cost savings on various manufacturing functionalities. It also reduces expenditure on resources by more than 40 percent.
Further, the report states that the main challenge faced by the market is the high customer switching cost. The switching cost for digital manufacturing software customers is huge, and it affects the performance of PLM tools.
- Aerospace and Defense Sector
- Automotive Sector
- Hi-tech Electronics Sector
- Industrial Machinery Sector
- Consumer Packaged Goods Sector
- Utilities Sector
- Dassault Systemes
- Mentor Graphics
- Siemens PLM Software
For more information visit http://www.researchandmarkets.com/research/dh9tzd/global_digital