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Market Snapshot

CAGR:6.58

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	6.58

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Report Overview

Bill of Materials (BOM) Software Market Analysis Report 2023-2032: The Bill of Materials (BOM) Software Market is poised for substantial growth with a projected CAGR of 5.12% between 2022 and 2032. The market size is anticipated to surge by USD 1,789.87 million during this period. The market's expansion is influenced by several factors, including the increasing complexity of product manufacturing, the rise of global supply chain networks, and the growing demand for efficient product lifecycle management. BOM software serves as a crucial tool for managing the intricate structures of products, facilitating collaboration among teams, optimizing inventory management, and enhancing overall operational efficiency.

Bill of Materials (BOM) Software Market Overview:

Drivers:

A driving force behind the growth of the BOM software market is the increasing complexity of modern product manufacturing. As products become more intricate, involving various components and sub-assemblies, the need for accurate and efficient management of these structures becomes paramount. BOM software enables manufacturers to create, organize, and manage comprehensive product structures, ensuring smoother collaboration, quicker time-to-market, and minimized errors in the manufacturing process.

Furthermore, the globalization of supply chain networks has amplified the importance of BOM software. As companies collaborate with suppliers and partners from around the world, the need for a unified and easily accessible platform to manage BOM data across geographies and time zones becomes critical. BOM software addresses this challenge by providing a centralized repository for accurate BOM information, reducing communication gaps and errors in the supply chain.

Trends:

An emerging trend shaping the BOM software market is the integration of AI and machine learning (ML) capabilities into these platforms. AI-powered BOM software can analyze historical data, forecast demand, optimize inventory levels, and even suggest design improvements based on past performance. This integration enhances decision-making processes, streamlines resource allocation, and drives continuous improvement in product development and manufacturing processes.

Moreover, the increasing adoption of cloud-based BOM software is contributing to market growth. Cloud solutions offer accessibility, scalability, and flexibility, allowing teams to collaborate seamlessly from different locations. Cloud-based BOM software also facilitates real-time updates and ensures that all stakeholders have access to the latest BOM information, further enhancing collaboration and reducing errors.

Restraints:

Challenges in data integration and interoperability within complex manufacturing ecosystems present hurdles for the BOM software market. Manufacturing processes involve diverse software applications, each managing different aspects of the product lifecycle. Integrating BOM software with other systems, such as enterprise resource planning (ERP) and product lifecycle management (PLM) platforms, can be intricate and time-consuming. Incompatibility issues may arise, leading to data inconsistencies and disruptions in the workflow.

Furthermore, concerns related to data security and intellectual property protection can hinder the adoption of cloud-based BOM software. Companies may be reluctant to store sensitive product data on external servers due to fears of data breaches or unauthorized access. These security concerns need to be adequately addressed to fully realize the benefits of cloud-based BOM solutions.

Bill of Materials (BOM) Software Market Segmentation By Application: The manufacturing industry is poised to be a major driver of BOM software adoption during the forecast period. BOM software plays a pivotal role in enabling manufacturers to effectively manage product structures, optimize material usage, and streamline production processes. The software assists in creating comprehensive bills of materials that include all components, sub-assemblies, and associated information, facilitating accurate planning and execution of production processes.

Within the manufacturing segment, industries such as automotive, aerospace, and electronics are expected to lead the demand for BOM software. These industries often deal with complex products that involve numerous components and stringent quality requirements. BOM software helps in managing the intricate supply chain networks and ensuring that the right components are sourced, assembled, and tested according to specifications.

Bill of Materials (BOM) Software Market Segmentation By Type: The demand for cloud-based BOM software is projected to experience robust growth during the forecast period. Cloud solutions offer several advantages, including accessibility, scalability, and reduced IT infrastructure costs. Cloud-based BOM software enables real-time collaboration among geographically dispersed teams, fosters efficient data sharing, and supports remote work models.

On-premises BOM software will also maintain its relevance, particularly for companies with stringent data security requirements or those that prefer to have direct control over their software environment. On-premises solutions offer a higher degree of customization and can be tailored to specific organizational needs.

Regional Overview:

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North America is expected to be a significant contributor to the global BOM software market, accounting for approximately 36% of the total market share during the forecast period. The region is home to several leading technology and manufacturing companies that are investing in digital transformation initiatives. The demand for advanced software solutions, including BOM software, is driven by the region's focus on improving operational efficiency, reducing time-to-market, and enhancing product quality.

In Europe, the adoption of BOM software is also anticipated to be substantial, fueled by the presence of established manufacturing industries, particularly in sectors such as automotive, aerospace, and industrial machinery. These industries require robust BOM management solutions to streamline their intricate production processes and manage complex supply chain networks.

Bill of Materials (BOM) Software Market Customer Landscape: The BOM software market report encompasses the adoption lifecycle of the market, ranging from early adopters to laggards. It explores adoption rates across different regions and evaluates key purchase criteria and price sensitivity drivers, aiding companies in refining their growth strategies.

Major Bill of Materials (BOM) Software Market Companies: Industry players are employing diverse strategies, including partnerships, mergers, acquisitions, geographic expansion, and new product launches, to enhance their market presence.

Sample companies include:

Siemens AG
Autodesk Inc.
Dassault Systèmes
PTC Inc.
SAP SE
Oracle Corporation
Arena Solutions Inc.
Onshape Inc.
Altium Limited
Siemens PLM Software Inc.
Infor Inc.
OpenBOM Inc.
Tacton Systems AB

The competitive landscape of the market is meticulously examined, offering insights into the strengths and weaknesses of key players. Companies are categorized based on their business focus and market dominance, enabling a comprehensive understanding of the market's dynamics.

Segment Overview:

The BOM software market report provides revenue forecasts at the global, regional, and country levels, accompanied by an analysis of emerging trends and growth opportunities from 2019 to 2032.

Application Outlook (USD Million, 2019 - 2032)

Manufacturing
Automotive
Aerospace and Defense
Electronics
Others

Type Outlook (USD Million, 2019 - 2032)

Cloud-based BOM Software
On-premises BOM Software

Geography Outlook (USD Million, 2019 - 2032)

North America

U.S.
Canada

Europe

U.K.
Germany
France
Rest of Europe

APAC

China
India

South America

Brazil
Argentina
Rest of South America

Middle East & Africa

Saudi Arabia
South Africa
Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL Bill of Materials (BOM) Software MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Bill of Materials (BOM) Software MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Bill of Materials (BOM) Software Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.5.1. Power Of Suppliers

4.5.2. Power Of Buyers

4.5.3. Threat Of Substitutes

4.5.4. Threat Of New Entrants

4.5.5. Competitive Rivalry

Chapter 5. Bill of Materials (BOM) Software MARKET BY Software Type INSIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2. ERP Software

5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3. CRM Software

5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Bill of Materials (BOM) Software MARKET BY Application INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2. Chemical Industry

6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3. Food Industry

6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.4. Business Logistics

6.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.5. Electronics Industry

6.5.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.5.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Bill of Materials (BOM) Software MARKET REGIONAL OUTLOOK

7.1. Bill of Materials (BOM) Software Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

7.2.1. North America Bill of Materials (BOM) Software Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.2. North America Bill of Materials (BOM) Software Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.3. North America Bill of Materials (BOM) Software Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.4. North America Bill of Materials (BOM) Software Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

7.2.5.1. U.S. Bill of Materials (BOM) Software Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.5.2. U.S. Bill of Materials (BOM) Software Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.5.3. U.S. Bill of Materials (BOM) Software Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.5.4. U.S. Bill of Materials (BOM) Software Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

7.2.6.1. Canada Bill of Materials (BOM) Software Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.6.2. Canada Bill of Materials (BOM) Software Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.6.3. Canada Bill of Materials (BOM) Software Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.6.4. Canada Bill of Materials (BOM) Software Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

7.3.1. Europe Bill of Materials (BOM) Software Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.2. Europe Bill of Materials (BOM) Software Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.3. Europe Bill of Materials (BOM) Software Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.4. Europe Bill of Materials (BOM) Software Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

7.3.5.1. Germany Bill of Materials (BOM) Software Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.5.2. Germany Bill of Materials (BOM) Software Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.5.3. Germany Bill of Materials (BOM) Software Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.5.4. Germany Bill of Materials (BOM) Software Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

7.3.6.1. France Bill of Materials (BOM) Software Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.6.2. France Bill of Materials (BOM) Software Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.6.3. France Bill of Materials (BOM) Software Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.6.4. France Bill of Materials (BOM) Software Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

7.3.7.1. U.K. Bill of Materials (BOM) Software Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.7.2. U.K. Bill of Materials (BOM) Software Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.7.3. U.K. Bill of Materials (BOM) Software Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.7.4. U.K. Bill of Materials (BOM) Software Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

7.4.1. Asia Pacific Bill of Materials (BOM) Software Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.2. Asia Pacific Bill of Materials (BOM) Software Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.3. Asia Pacific Bill of Materials (BOM) Software Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.4. Asia Pacific Bill of Materials (BOM) Software Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.5. CHINA

7.4.5.1. China Bill of Materials (BOM) Software Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.5.2. China Bill of Materials (BOM) Software Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.5.3. China Bill of Materials (BOM) Software Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.5.4. China Bill of Materials (BOM) Software Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

7.4.6.1. India Bill of Materials (BOM) Software Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.6.2. India Bill of Materials (BOM) Software Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.6.3. India Bill of Materials (BOM) Software Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.6.4. India Bill of Materials (BOM) Software Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

7.4.7.1. Japan Bill of Materials (BOM) Software Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.7.2. Japan Bill of Materials (BOM) Software Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.7.3. Japan Bill of Materials (BOM) Software Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.7.4. Japan Bill of Materials (BOM) Software Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

7.4.8.1. Australia Bill of Materials (BOM) Software Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.8.2. Australia Bill of Materials (BOM) Software Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.8.3. Australia Bill of Materials (BOM) Software Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.8.4. Australia Bill of Materials (BOM) Software Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

7.5.1. Mea Bill of Materials (BOM) Software Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.5.2. Mea Bill of Materials (BOM) Software Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.5.3. Mea Bill of Materials (BOM) Software Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.5.4. Mea Bill of Materials (BOM) Software Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

7.6.1. Latin America Bill of Materials (BOM) Software Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.6.2. Latin America Bill of Materials (BOM) Software Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.6.3. Latin America Bill of Materials (BOM) Software Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.6.4. Latin America Bill of Materials (BOM) Software Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

7.6.5. Latin America Bill of Materials (BOM) Software Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

8.2.1. New Product Launches

8.2.2. Investment & Expansion

8.2.3. Acquisitions

8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

8.3.1. North American Suppliers

8.3.2. European Suppliers

8.3.3. Asia-Pacific Suppliers

8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1. TGI Software

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Product Insights

9.1.4. Strategic Initiatives

9.2. PDXpert PLM software

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Product Insights

9.2.4. Strategic Initiatives

9.3. IQMS

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Insights

9.3.4. Strategic Initiatives

9.4. NetSuite

9.4.1. Company Overview

9.4.2. Financial Performance

9.4.3. Product Insights

9.4.4. Strategic Initiatives

9.5. Fishbowl Manufacturing

9.5.1. Company Overview

9.5.2. Financial Performance

9.5.3. Product Insights

9.5.4. Strategic Initiatives

9.6. OptiProERP

9.6.1. Company Overview

9.6.2. Financial Performance

9.6.3. Product Insights

9.6.4. Strategic Initiatives

9.7. E2 Shop System

9.7.1. Company Overview

9.7.2. Financial Performance

9.7.3. Product Insights

9.7.4. Strategic Initiatives

9.8. Infor VISUAL ERP

9.8.1. Company Overview

9.8.2. Financial Performance

9.8.3. Product Insights

9.8.4. Strategic Initiatives

9.9. 24SevenOffice

9.9.1. Company Overview

9.9.2. Financial Performance

9.9.3. Product Insights

9.9.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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Bill Of Materials Bom Software Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032