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COVID-19 Impact & Recovery Analysis | PLM Software Market in the Automotive Sector 2020-2024 | Rise in IoT Integration to boost the Market Growth | TechnavioTechnavio has been monitoring the PLM software market in the automotive sector and it is poised to grow by USD 937.74 million during 2020-2024, progressing at a CAGR of over 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200710005033/en/ Technavio has announced its latest market research report titled Global PLM Software Market in the Automotive Sector 2020-2024 (Graphic: Business Wire). Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio's in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts The market is concentrated, and the degree of concentration will accelerate during the forecast period. Frequently Asked Questions- 1. What are the product categories in the PLM software market in the automotive sector? A. Collaborative product data management, Computer-aided design, Simulation and analysis, and Digital manufacturing 2. How big is the industry? A. While the year-over-year growth for 2020 is estimated at -8.19%, the incremental growth of the market is anticipated to be USD 937.74 million during the forecast period. 3. Which region represents the highest market share? A. North America will account for the highest share. 4. What is the key factor driving the market? A. Rise in IoT integration is one of the key factors driving the market. 5. Who are the top players in the market? A. Accenture (News - Alert) Plc, Altair Engineering Inc., ANSYS Inc., Autodesk Inc., Dassault Systemes SE, Infor Inc., Oracle Corp., PTC Inc., SAP SE, and Siemens AG. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Rise in IoT integration has beeninstrumental in driving the growth of the market. Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. PLM Software Market in the Automotive Sector 2020-2024: Segmentation PLM Software Market in the Automotive Sector is segmented as below:
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43612 PLM Software Market in the Automotive Sector 2020-2024: Scope Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The PLM software market in the automotive sector report covers the following areas:
This study identifies automatic real-time tracking of product as one of the prime reasons driving the PLM software market growth in the automotive sector during the next few years. Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform PLM Software Market in the Automotive Sector 2020-2024: Key Highlights
Table of Contents: Executive Summary Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Customer Landscape Geographic Landscape
Volume Drivers - Demand led growth Market Challenges Market Trends Vendor Landscape
Vendor Analysis
Appendix
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. View source version on businesswire.com: https://www.businesswire.com/news/home/20200710005033/en/ |