Global Bill of Material Management Software Market size is expected to reach US$ 7.02 Bn. by 2029 from US$ 4.12 Bn. in 2022, at a CAGR of 7.9% during the forecast period.Global Bill of Material Management Software Market Dynamics
Increasing adoption of web-based billing to drive the market In recent times, the use of the internet and the adoption of mobile devices such as smartphones, laptops, tablets, wearable devices have been rapidly increasing. These devices are widely adopted in the various industries for M2M communication, AI, storing data and information by using different software. The emerging trend of paperless operations in the industries is expected to increase the demand for material management software and solutions to record and manage the information regarding procurement, assemblies, parts, raw materials, and many more, which is essential for manufacturing.Bill of Material Management Software Market Snapshot
To know about the Research Methodology :- Request Free Sample Report The BOM software allows to access information related to raw material suppliers, products, cost, and compliances, etc. through digital devices. The software also plays an important role in cross-plant manufacturing by communicating data between more than one manufacturing plants. Other than these, the software monitors real-time data of manufacturing or production processes and also assigns unique label codes to the different items, which can help to find the particular item easily and quickly.
Global Bill of Material Management Software Market Segment Analysis
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 24x7 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. According to the MMR report, the manufacturing sector held the largest market share in 2022. The BOM software is widely used by manufacturers to keep a record of raw material purchases and other required inventories in the manufacturing process. With the help of BOM, the manufacturers can estimate the purchase of raw materials and other necessary inventories. The BOM is utilized to integrate MRP, purchasing, instructions, and other manufacturing-related information, which can be utilized for the same manufacturing process in the future. For instance, in the jeans manufacturing industry, the BOM is used to record material type, weave configuration, cutting, sewing and labeling instructions, etc. These can be used for the same type of jeans either in a large volume or small volume.Global Bill of Material Management Software Regional Insights
North America is expected to witness highest growth during forecast period North America is expected to hold the largest market share of xx% by 2029. The growth can be attributed to the increased adoption of advanced technologies and mobile devices. The availability of manufacturing plants and huge investment in R&D of innovative technologies are expected to boost the market in North America. The Asia Pacific region is expected to witness significant growth during the forecast period due to the enormous presence of manufacturing industries in the countries like China and Japan. In the Asia Pacific Japan is a prompt adopter of innovative technologies and automation. However, in India, emerging digitalization and increasing demand for material management software in various industries are expected to boost the global BOM software market. The objective of the report is to present a comprehensive analysis of the global Bill of Material Management Software market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SWOT, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding global Bill of Material Management Software market dynamic, structure by analyzing the market segments and project global Bill of Material Management Software market clear representation of competitive analysis of key players by price, financial position, by detection and equipment portfolio, growth strategies, and regional presence in the global Bill of Material Management Software market make the report investor’s guide.Global Bill of Material Management Software Market scope: Inquire before buying
Global Bill of Material Management Software Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 4.12 Bn. Forecast Period 2023 to 2029 CAGR: 7.9% Market Size in 2029: US $ 7.02 Bn. Segments Covered: by Deployment Cloud-Based On-Premises Hybrid by Solution BOM Creation and Editing Software Version Control Software Integration and Collaboration Tools CAD Integration Solutions Others by End User Manufacturing Healthcare Construction Electronics Aerospace and Defense Others Global Bill of Material Management Software Market, by region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe) Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina, Columbia and Rest of South America)Global Bill of Material Management Software Market, Key Players are
1. Autodesk 2. Arena Solutions 3. Aras 4. Dassault Systèmes 5. PTC 6. Siemens 7. MRPeasy 8. OpenBOM 9. OSAS 10. SiliconExpert Technologies, Inc. 11. Acumatica 12. NetSuite 13. Sage Intacct 14. Oracle 15. Upchain 16. Propel 17. Teamcenter 18. Odoo MRP 19. Duro 20. Ciiva 21. Lytica, Inc 22. Bentley Systems 23. ESI Group Frequently Asked Questions: 1. Which region has the largest share in Global Bill of Material Management Software Market? Ans: North America region held the highest share in 2022. 2. What is the growth rate of Global Bill of Material Management Software Market? Ans: The Global Bill of Material Management Software Market is growing at a CAGR of 7.9% during forecasting period 2023-2029. 3. What is scope of the Global Bill of Material Management Software Market report? Ans: Global Bill of Material Management Software Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Bill of Material Management Software Market? Ans: The important key players in the Global Bill of Material Management Software Market are – Autodesk, 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. 5. What is the study period of this Market? Ans: The Global Market is studied from 2022 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Bill of Material Management Software Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2019 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Bill of Material Management Software Market 3.4. Geographical Snapshot of the Bill of Material Management Software Market, By Manufacturer share 4. Global Bill of Material Management Software Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Bill of Material Management Software Market 5. Supply Side and Demand Side Indicators 6. Global Bill of Material Management Software Market Analysis and Forecast, 2022-2029 6.1. Global Bill of Material Management Software Market Size & Y-o-Y Growth Analysis. 7. Global Bill of Material Management Software Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Deployment, 2022-2029 7.1.1. Cloud 7.1.2. On-premises 7.1.3. Hybrid 7.2. Market Size (Value) Estimates & Forecast By Solutions, 2022-2029 7.2.1. Compliance management 7.2.2. Product data management 7.2.3. Product lifecycle management 7.2.4. Material requirement planning 7.2.5. Sales management 7.3. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 7.3.1. Manufacturing 7.3.2. Construction and engineering 7.3.3. Transportation 7.3.4. Healthcare and life science 7.3.5. Consumer goods 7.3.6. Others 8. Global Bill of Material Management Software Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Bill of Material Management Software Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Deployment, 2022-2029 9.1.1. Cloud 9.1.2. On-premises 9.1.3. Hybrid 9.2. Market Size (Value) Estimates & Forecast By Solutions, 2022-2029 9.2.1. Compliance management 9.2.2. Product data management 9.2.3. Product lifecycle management 9.2.4. Material requirement planning 9.2.5. Sales management 9.3. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 9.3.1. Manufacturing 9.3.2. Construction and engineering 9.3.3. Transportation 9.3.4. Healthcare and life science 9.3.5. Consumer goods 9.3.6. Others 10. North America Bill of Material Management Software Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Bill of Material Management Software Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Deployment, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Solutions, 2022-2029 11.3. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 12. Canada Bill of Material Management Software Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Deployment, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Solutions, 2022-2029 12.3. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 13. Mexico Bill of Material Management Software Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Deployment, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Solutions, 2022-2029 13.3. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 14. Europe Bill of Material Management Software Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Deployment, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Solutions, 2022-2029 14.3. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 15. Europe Bill of Material Management Software Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Bill of Material Management Software Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Deployment, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Solutions, 2022-2029 16.3. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 17. France Bill of Material Management Software Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Deployment, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Solutions, 2022-2029 17.3. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 18. Germany Bill of Material Management Software Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Deployment, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Solutions, 2022-2029 18.3. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 19. Italy Bill of Material Management Software Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Deployment, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Solutions, 2022-2029 19.3. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 20. Spain Bill of Material Management Software Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Deployment, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Solutions, 2022-2029 20.3. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 21. Sweden Bill of Material Management Software Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Deployment, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Solutions, 2022-2029 21.3. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 22. CIS Countries Bill of Material Management Software Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Deployment, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Solutions, 2022-2029 22.3. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 23. Rest of Europe Bill of Material Management Software Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Deployment, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Solutions, 2022-2029 23.3. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 24. Asia Pacific Bill of Material Management Software Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Deployment, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Solutions, 2022-2029 24.3. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 25. Asia Pacific Bill of Material Management Software Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Bill of Material Management Software Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Deployment, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Solutions, 2022-2029 26.3. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 27. India Bill of Material Management Software Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Deployment, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Solutions, 2022-2029 27.3. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 28. Japan Bill of Material Management Software Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Deployment, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Solutions, 2022-2029 28.3. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 29. South Korea Bill of Material Management Software Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Deployment, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Solutions, 2022-2029 29.3. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 30. Australia Bill of Material Management Software Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Deployment, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Solutions, 2022-2029 30.3. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 31. ASEAN Bill of Material Management Software Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Deployment, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Solutions, 2022-2029 31.3. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 32. Rest of Asia Pacific Bill of Material Management Software Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Deployment, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Solutions, 2022-2029 32.3. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 33. Middle East Africa Bill of Material Management Software Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Deployment, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Solutions, 2022-2029 33.3. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 34. Middle East Africa Bill of Material Management Software Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Bill of Material Management Software Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Deployment, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Solutions, 2022-2029 35.3. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 36. GCC Countries Bill of Material Management Software Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Deployment, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Solutions, 2022-2029 36.3. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 37. Egypt Bill of Material Management Software Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Deployment, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Solutions, 2022-2029 37.3. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 38. Nigeria Bill of Material Management Software Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Deployment, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Solutions, 2022-2029 38.3. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 39. Rest of ME&A Bill of Material Management Software Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Deployment, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Solutions, 2022-2029 39.3. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 40. South America Bill of Material Management Software Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Deployment, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Solutions, 2022-2029 40.3. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 41. South America Bill of Material Management Software Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Bill of Material Management Software Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Deployment, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Solutions, 2022-2029 42.3. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 43. Argentina Bill of Material Management Software Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Deployment, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Solutions, 2022-2029 43.3. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 44. Rest of South America Bill of Material Management Software Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Deployment, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Solutions, 2022-2029 44.3. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Bill of Material Management Software Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. Castlight Health 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Arena Solutions 45.3.3. Aras 45.3.4. Dassault Systèmes 45.3.5. PTC 45.3.6. Siemens 45.3.7. MRPeasy 45.3.8. OpenBOM 45.3.9. OSAS 45.3.10. SiliconExpert Technologies, Inc. 45.3.11. Acumatica 45.3.12. NetSuite 45.3.13. Sage Intacct 45.3.14. Oracle 45.3.15. Upchain 45.3.16. Propel 45.3.17. Teamcenter 45.3.18. Odoo MRP 45.3.19. Duro 45.3.20. Ciiva 45.3.21. Lytica, Inc 45.3.22. Bentley Systems 45.3.23. ESI Group 46. Primary Key Insights