PLM Software Market in the Automotive Sector- Roadmap for Recovery from COVID-19 | Rise in IoT Integration to boost the Market Growth | Technavio
Technavio 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.
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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
Frequently Asked Questions-
The market is concentrated, and the degree of concentration will accelerate during the forecast period. Accenture Plc, Altair Engineering Inc., ANSYS Inc., Autodesk (News - Alert) Inc., Dassault Systemes SE, Infor Inc., Oracle Corp., PTC Inc., SAP SE, and Siemens AG. are some of the major market participants. The rise in IoT integration will offer immense growth opportunities. To make 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.
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PLM Software Market in the Automotive Sector 2020-2024: Segmentation
PLM Software Market in the Automotive Sector is segmented as below:
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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 the advantage of automatic real-time tracking of products 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.
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PLM Software Market in the Automotive Sector 2020-2024: Key Highlights
Table of Contents:
Five Forces Analysis
Market Segmentation by Product
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