Market Overview:
The global bill of material management software market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cloud-based solutions, rising adoption of Industry 4.0 technologies, and growing need for compliance and product data management solutions. Based on type, the global bill of material management software market is segmented into compliance management, product data management, product lifecycle management, material requirement planning (MRP), sales management, and others. Compliance Management is further sub-segmented into quality control/assurance (QC/A) and regulatory compliance. Product Lifecycle Managementis further sub-segmented into new product introduction(NPI), design collaboration & engineering change orders(ECO), production & operations planning(POP), order fulfillment& invoicingand postmarket surveillance& recall). Material Requirement Planningis further sub-segmentedinto capacity planningand inventory optimization.
Product Definition:
A bill of material (BOM) is a list of the raw materials, components, and parts that are needed to produce a product. The BOM also includes the quantities of each item required.
A BOM can be used to create a purchase order or production schedule. It can also help you track inventory levels and costs.
Compliance Management:
compliance management is the process of ensuring that all company policies and regulations are followed at every stage of product development. It includes internal as well as external controls. The major functions performed by compliance management software include policy creation, compliance check, investigation & reporting, and training & education.
The factors responsible for the growth of this market include increasing demand for quality products with reduced production time.
Product Data Management:
Product data management (PDM) is a practice of capturing, managing, and controlling product information to reduce the time and cost associated with product lifecycle management. PDM solutions help businesses in reducing costs related to inventory by enabling them to eliminate repetitive tasks such as data entry, updating records, receiving shipments from suppliers and re-keying products. It also helps businesses in improving transparency between departments by providing access to real-time information.
Application Insights:
The manufacturing application segment accounted for the largest revenue share in 2017 and is anticipated to continue its dominance over the forecast period. The software helps manufacturers manage their supply chain by tracking materials, orders, bills of lading, and shipments. Furthermore, it also offers real-time visibility into production processes with details on machine utilization and raw material consumption.
Manufacturers are expected to gain significant advantages through implementation of bill of material management software as it reduces costs associated with inventory errors or stock-outs while improving productivity. These advantages are likely to drive the demand for BOM management solutions across various industries including automotive, consumer goods & electronics manufacturing etc., throughout the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing government initiatives and regulations pertaining to safety, security, and sustainability of materials used in manufacturing processes. For instance, in India, various organizations such as Bureau of Indian Standards (BIS) have developed standards related to material requirements for industrial processing plants. These organizations develop international standards based on need that are subsequently adopted by regulatory bodies such as BIS and American National Standards Institute (ANSI). This has led to a significant increase in awareness regarding compliance with regulatory norms across industries operating within India’s supply chain management framework.
Growth Factors:
- Increasing demand for just-in-time inventory management to improve operational efficiency
- Rising popularity of cloud-based solutions that offer flexibility and scalability
- Growing number of small and medium businesses (SMBs) that are looking to automate their procurement processes
- Proliferation of big data and the Internet of Things (IoT) that is helping organizations optimize their supply chains
- Emergence of new technologies such as artificial intelligence (AI) and machine learning that are improving the accuracy and efficiency of BOM management
Scope Of The Report
Report Attributes
Report Details
Report Title
Bill of Material Management Software Market Research Report
By Type
Compliance Management, Product Data Management, Product Lifecycle Management, Material Requirement Planning, Sales Management
By Application
Manufacturing, Construction and Engineering, Transportation, Healthcare and Life Science, Consumer Goods, Others
By Companies
AutoDesk, Aras, Dassault Systems, PTC
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
194
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Bill of Material Management Software Market Report Segments:
The global Bill of Material Management Software market is segmented on the basis of:
Types
Compliance Management, Product Data Management, Product Lifecycle Management, Material Requirement Planning, Sales Management
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Manufacturing, Construction and Engineering, Transportation, Healthcare and Life Science, Consumer Goods, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AutoDesk
- Aras
- Dassault Systems
- PTC
Highlights of The Bill of Material Management Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Compliance Management
- Product Data Management
- Product Lifecycle Management
- Material Requirement Planning
- Sales Management
- By Application:
- Manufacturing
- Construction and Engineering
- Transportation
- Healthcare and Life Science
- Consumer Goods
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bill of Material Management Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bill of Material Management Software is a software application that helps businesses manage their inventory. It allows businesses to track and manage the items they purchase, as well as forecast future needs.
Some of the major companies in the bill of material management software market are AutoDesk, Aras, Dassault Systems, PTC.
The bill of material management software market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bill of Material Management Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Bill of Material Management Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bill of Material Management Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Bill of Material Management Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Bill of Material Management Software Market Size & Forecast, 2018-2028
4.5.1 Bill of Material Management Software Market Size and Y-o-Y Growth
4.5.2 Bill of Material Management Software Market Absolute $ Opportunity
Chapter 5 Global Bill of Material Management Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Bill of Material Management Software Market Size Forecast by Type
5.2.1 Compliance Management
5.2.2 Product Data Management
5.2.3 Product Lifecycle Management
5.2.4 Material Requirement Planning
5.2.5 Sales Management
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Bill of Material Management Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Bill of Material Management Software Market Size Forecast by Applications
6.2.1 Manufacturing
6.2.2 Construction and Engineering
6.2.3 Transportation
6.2.4 Healthcare and Life Science
6.2.5 Consumer Goods
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bill of Material Management Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bill of Material Management Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Bill of Material Management Software Analysis and Forecast
9.1 Introduction
9.2 North America Bill of Material Management Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Bill of Material Management Software Market Size Forecast by Type
9.6.1 Compliance Management
9.6.2 Product Data Management
9.6.3 Product Lifecycle Management
9.6.4 Material Requirement Planning
9.6.5 Sales Management
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Bill of Material Management Software Market Size Forecast by Applications
9.10.1 Manufacturing
9.10.2 Construction and Engineering
9.10.3 Transportation
9.10.4 Healthcare and Life Science
9.10.5 Consumer Goods
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Bill of Material Management Software Analysis and Forecast
10.1 Introduction
10.2 Europe Bill of Material Management Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Bill of Material Management Software Market Size Forecast by Type
10.6.1 Compliance Management
10.6.2 Product Data Management
10.6.3 Product Lifecycle Management
10.6.4 Material Requirement Planning
10.6.5 Sales Management
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Bill of Material Management Software Market Size Forecast by Applications
10.10.1 Manufacturing
10.10.2 Construction and Engineering
10.10.3 Transportation
10.10.4 Healthcare and Life Science
10.10.5 Consumer Goods
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Bill of Material Management Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Bill of Material Management Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Bill of Material Management Software Market Size Forecast by Type
11.6.1 Compliance Management
11.6.2 Product Data Management
11.6.3 Product Lifecycle Management
11.6.4 Material Requirement Planning
11.6.5 Sales Management
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Bill of Material Management Software Market Size Forecast by Applications
11.10.1 Manufacturing
11.10.2 Construction and Engineering
11.10.3 Transportation
11.10.4 Healthcare and Life Science
11.10.5 Consumer Goods
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Bill of Material Management Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Bill of Material Management Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Bill of Material Management Software Market Size Forecast by Type
12.6.1 Compliance Management
12.6.2 Product Data Management
12.6.3 Product Lifecycle Management
12.6.4 Material Requirement Planning
12.6.5 Sales Management
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Bill of Material Management Software Market Size Forecast by Applications
12.10.1 Manufacturing
12.10.2 Construction and Engineering
12.10.3 Transportation
12.10.4 Healthcare and Life Science
12.10.5 Consumer Goods
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Bill of Material Management Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Bill of Material Management Software Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Bill of Material Management Software Market Size Forecast by Type
13.6.1 Compliance Management
13.6.2 Product Data Management
13.6.3 Product Lifecycle Management
13.6.4 Material Requirement Planning
13.6.5 Sales Management
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Bill of Material Management Software Market Size Forecast by Applications
13.10.1 Manufacturing
13.10.2 Construction and Engineering
13.10.3 Transportation
13.10.4 Healthcare and Life Science
13.10.5 Consumer Goods
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bill of Material Management Software Market: Competitive Dashboard
14.2 Global Bill of Material Management Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AutoDesk
14.3.2 Aras
14.3.3 Dassault Systems
14.3.4 PTC
