Digital Manufacturing Market
Digital Manufacturing Market to Witness Unprecedented Growth in Coming Years Digital Manufacturing Market study provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players. Digital manufacturing is a process of improving the manufacturing process of the product from virtual to physical world. Increasing adoption of cloud-based PLM software is projected to increase the demand for digital manufacturing specific applications. This will enable the manufacturing plants to access the PLM software from remote areas as well. Technomatix and Manufacturing 360 are applications that are used in the iOS and Android gadgets respectively. Furthermore, increasing adoption of internet of things in manufacturing industries fuels market growth globally. According to Coherent Market Insights, over 42 billon devices are projected to be connected to the internet by 2020. Moreover, the demand to reduce capital expenditure, shorten lead times, and high productivity is expected to increase the demand for digital manufacturing in various verticals. Download PDF To explore detail study @ https://www.coherentmarketinsights.com/insight/request-pdf/652
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<strong>Digital</strong> <strong>Manufacturing</strong> <strong>Market</strong> to Witness Unprecedented<br />
Growth in Coming Years<br />
<strong>Digital</strong> <strong>Manufacturing</strong> <strong>Market</strong> study provides key insights about market<br />
drivers, restraints, opportunities, new product launches or approval,<br />
regional outlook, and competitive strategies adopted by the leading<br />
players.<br />
<strong>Digital</strong> manufacturing is a process of improving the manufacturing process of the product from<br />
virtual to physical world. Increasing adoption of cloud-based PLM software is projected to<br />
increase the demand for digital manufacturing specific applications. This will enable the<br />
manufacturing plants to access the PLM software from remote areas as well. Technomatix and<br />
<strong>Manufacturing</strong> 360 are applications that are used in the iOS and Android gadgets respectively.<br />
Furthermore, increasing adoption of internet of things in manufacturing industries fuels market<br />
growth globally. According to Coherent <strong>Market</strong> Insights, over 42 billon devices are projected to<br />
be connected to the internet by 2020. Moreover, the demand to reduce capital expenditure,<br />
shorten lead times, and high productivity is expected to increase the demand for digital<br />
manufacturing in various verticals.<br />
Download PDF To explore detail study @<br />
https://www.coherentmarketinsights.com/insight/request-pdf/652
Increasing adoption of cloud-based digital manufacturing software is one of the key factor<br />
driving market growth. Venders are concentrating on reducing the cost of Product Lifecycle<br />
Management (PLM), thereby trying to introduce cloud-based product lifecycle solutions in the<br />
market. Several PLM service providers are installing PLM on the cloud for end users. For<br />
instance, Wipro Limited, a worldwide information technology, outsourcing, and consulting firm,<br />
is offering cloud-based PLM services to Siemens PLM Software solution, Teamcenter. Such<br />
services help electronics manufacturing organizations to install Teamcenter on the cloud with<br />
the help of Infrastructure as a Service.<br />
The increasing sales and R&D investment in automotive industry globally provide significant<br />
growth opportunity to the global digital manufacturing market. According to “Organisation<br />
Internationale des Constructeurs d'Automobiles”, in 2016, around 98.8 million units of vehicles<br />
were sold worldwide up from 89.7 million in 2015. Moreover, according to Coherent <strong>Market</strong><br />
Insights analysis, US$ 94.2 billion was spent on automotive R&D in 2016 up from US$ 91.5 billion<br />
in 2015. The implementation of digital manufacturing in the automotive production process<br />
smoothens the flow of plant and product data during various process. Furthermore, digital<br />
manufacturing authenticates automation and robotics programs and accelerates the factory<br />
manufacturing process. Also, the implementation of digital manufacturing provides real-time<br />
access to the product lifecycle information to the administration.<br />
Browse detail market insights:<br />
https://www.coherentmarketinsights.com/ongoing-insight/digital-manufacturing-market-652<br />
<strong>Digital</strong> <strong>Manufacturing</strong> <strong>Market</strong> Outlook – North America holds the largest market share<br />
On the basis of geography, global digital manufacturing market is segmented into North<br />
America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America held the<br />
dominant position in the global digital manufacturing market in 2016 and is projected to retain<br />
its dominance throughout the forecast period. The U.S., Mexico, and Canada are the three major<br />
economies, which contribute to the swift growth of market in the region. The increasing R&D<br />
investment in the aerospace & defense and automotive sectors in the U.S provides immense<br />
growth opportunity to the digital manufacturing market. In 2016, the U.S invested US$ 14.3<br />
billion in R&D in aerospace & defense industry up from US$ 14.1 billion in 2015. Similarly, for<br />
R&D in automotive sector, the U.S. spent US$ 39.6 billion in 2016 up from US$ 37.5 billion in<br />
2015. Moreover, the Asia Pacific digital manufacturing market is projected to grow the highest
CAGR over the forecast period. Increasing demand for innovative products among end users<br />
segments boosted the growth of market in this region. India, China, and Japan are some of the<br />
major economies driving the growth of digital manufacturing market in this region.<br />
<strong>Digital</strong> <strong>Manufacturing</strong> <strong>Market</strong> Players<br />
Some of the key players operating in the global digital manufacturing market include Autodesk,<br />
Dassault Systèmes, Mentor Graphics, PTC, and Siemens PLM Software. The new product launch<br />
is one of the major strategies for the market leaders to increase their market presence. For<br />
instance: Autodesk Inc. an America based software company have officially announced that they<br />
have launched a Netfabb 2017, a comprehensive toolkit for additive manufacturing<br />
professionals<br />
About Coherent <strong>Market</strong> Insights:<br />
Coherent <strong>Market</strong> Insights is a prominent market research and consulting firm offering actionready<br />
syndicated research reports, custom market analysis, consulting services, and competitive<br />
analysis through various recommendations related to emerging market trends, technologies,<br />
and potential absolute dollar opportunity.<br />
Contact Us:<br />
Mr. Shah<br />
Coherent <strong>Market</strong> Insights<br />
1001 4th Ave,<br />
#3200<br />
Seattle, WA 98154<br />
Tel: +1-206-701-6702<br />
Email: sales@coherentmarketinsights.com
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