The report published by Maximize, encompasses the various Market dynamics, which could affect the market growth of Bill of Material Management Software in the region, the Value-Chain analysis, and the PORTER’s analysis for the Bill of Material Management Software market at a global level.
The study is consolidated on the basis of three major segments and further into sub-segments, By Deployment (Cloud, On-premises, Hybrid), By Solution (Compliance management, Product data management, Product lifecycle management, Material requirement planning, Sales management), By End-user (Manufacturing, Construction and engineering, Transportation, Healthcare and life science, Consumer goods, Others), and Regions (North America, Europe, Asia pacific, Middle East & Africa, South America) to forecast the market size by value; also includes the analysis of past market dynamics from 2016 to 2019, considering 2019 as the base year.
The cloud BOM held market share of XX% in 2019 and is expected to reach US$ XX Mn. By 2026.
Cloud BOM is expected to grow at the highest CAGR of XX% throughout the forecast period due to the increasing adoption of cloud computing across the globe. The BOM stores the data and important information of all product development lifecycle, which can be used by the manufacturers for taking various decisions. The cloud-based BOM offers 24×7 access to the software and also provides regular backup to the users, which reduces the threat of data loss in bad conditions such as system failure, downtime, and natural disasters. Further, the maintenance cost and installation cost of cloud BOM software is low compared to the on-premises and also provides scalability while fluctuating the business growth. As result, the demand for cloud BOM is expected to increase in the nearer future.
Lastly, the market research report provides a regional comparison and a complete country-level analysis for the latest trends, along with the major key players (Arena Solutions, Aras, Dassault Systèmes, PTC, Siemens, MRPeasy, OpenBOM, OSAS, SiliconExpert Technologies, Inc., Acumatica, NetSuite, Sage Intacct, Oracle, Upchain, Propel, Teamcenter, Odoo MRP, Duro, Ciiva, Lytica, Inc, Bentley Systems, ESI Group) in the Bill of Material Management Software market, across the region.
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Bill of Material Management Software Market.”
https://www.maximizemarketresearch.com/market-report/global-bill-of-material-management-software-market/106426/
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The post Global Bill of Material Management Software Market was valued at US$ XX Mn in 2019 and is expected to reach US$ XX Mn by 2026, at a CAGR of XX% during the forecast period. appeared first on MAXIMIZE MARKET RESEARCH.
