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New report examines the important factors of global PLM software market in automotive sector 2021

IT Market Research

The analysts forecast global PLM software market in the automotive sector to grow at a CAGR of 8.81% during the period 2017-2021.

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PLM Software Market in the Automotive Sector 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.

The report also includes a discussion of the key vendors operating in this market.

Complete report on the PLM Software Market Research Report spread across 86 pages, profiling 17 companies with table of content is now available at .

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The following companies as the key players in the global PLM software market in the automotive sector: Autodesk, Dassault Systèmes, PTC, and Siemens PLM Software. Other Prominent Vendors in the market are: Altair, ANSYS, Arena Solutions, Bentley Systems, CAD Schroer, Exa, NUMECA, Omnify Software, Oracle,, SAP, Simerics, and Symscape.

One trend in the market is use of DM in manufacturing intelligent cars. The automotive industry is facilitating the production of intelligent vehicles, which include digitized vehicles with Wi-Fi.

Companies, such as Tesla, are making huge investments in the R&D of intelligent cars. Intelligent car model designing requires environment that has additional facilities pertaining to the complexity associated with manufacturing processes.

According to the report, one driver in the market is decrease in product design time and cost. The growing need to provide quality products in a short duration of time and to gain a competitive edge in the market is leading companies to adopt PLM software.

PLM software improves the time-to-market by reducing the testing time and product development cycle. It also expedites the product design cycle by reducing the analysis time and the need for developing multiple prototypes.

In addition, it provides reliable and cost-effective products.

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Further, the report states that one challenge in the market is concerns about data security in PLM. PLM software solutions promote data sharing between supply chain partners which helps to enhance company’s efficiency.

Customers implementing PLM software solutions face difficulties in data transfer due to network protection implemented on their sites. In addition, customers implementing PLM software solutions face difficulties in data transfer with certain suppliers and customers because of the network protection implemented on their sites.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

This report covers the present scenario and the growth prospects of the global PLM software market in the automotive sector for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

Wearables are a form of miniaturized computing devices that can be comfortably worn or carried to automate or augment the daily work and personal activities. The wearable technology involves any electronic devices or a product with advanced features and characteristics.

It helps a person to embed computing into the daily activity or work and utilize the technology for better productivity in work and advanced lifestyle. The functional portfolio of PLM Software is similar to the functions of a cell phone or desktop computer.

Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?           

What are the key market trends?                                               

What is driving this industry?                                  

What are the challenges to market growth?

Who are the key vendors in this industry space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

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