dm market in south korea 2015-2019
TRANSCRIPT
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DM Market in South Korea 2015-2019
The report discusses the following in-depth:
• Market Size and Forecast
• Market Segmentation
• Buying Criteria
• Vendor Landscape
• Business Segmentation
• Geographical Segmentation
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Key Trends
Technavio’s Senior Analyst says, “The adoption of DM solutions in discrete industries has contributed to the growth of the DM market in South Korea. These industries are able to achieve faster product development time and reduction in time-to-market through the adoption of DM. In 2014, the automotive industry accounted for the highest share of the market.”
• DM software is a component of product lifecycle management software. It improves overall production efficiency by optimizing the manufacturing process, managing data in a product development cycle, and supporting effective collaboration within an organization.
• Technavio's analysts forecast the DM market in South Korea to grow at a CAGR of 8.70% over the period 2014-2019.
• Understanding the key drivers influencing the market
• Understanding the challenges faced by the market
• Activities of various stakeholders involved
• Key focus areas for the vendors
• Major trends that will shape the future of this market
• Vendor landscape and trajectory of the market
• Conclusion
Scope of The Report
A detailed analysis of each market driver, challenge
and trend isavailable in our report:
DM Market in South Korea 2015-2019
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Vendors
To understand the vendor landscape and for a full list of vendors view our report:
DM Market in South Korea 2015-2019
Autodesk
Dassault Systèmes
Mentor Graphics
Autodesk was established in 1982 and is headquartered in San Rafael, California, US. The company offers a wide range of software products worldwide. Its customer base comprises designers, engineers, and architects.
Dassault Systèmes was established in 1981 and is headquartered in Velizy-Villacoublay, Ile-de-France, France. It offers a variety of 3D software applications and services worldwide. Its product development software applications enable 3D design, 3D CAD, engineering, simulation, modeling, data management, and process management.
Mentor Graphics was incorporated in 1981 and is headquartered in Oregon, US. The company designs and produces EDA software and hardware solutions for electrical engineering and electronics.
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Market Landscape
• DM is part of the emerging product lifecycle management solutions in South Korea.
• DM solutions allow engineers to create a virtual environment of the manufacturing process, from product definition to actual production.
• It enables the creation of digital models for tools, assembly lines, work centers, plant layout, and resources.
• Companies in South Korea are increasingly adopting DM for product design, or for the manufacturing plant in general. In 2011, KIA Motors and Hyundai Motor selected PTC’s Windchill as a complete enterprise PLM solution.
• This enabled them to concurrently plan the product design and the manufacturing process, simultaneously, as well as reduce costs and the number of design changes needed, resulting in a faster time-to-market.
• With the successful use of DM by these companies as an example, other automotive manufacturers in South Korea are now adopting DM solutions, which is contributing to market growth.
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Market Outlook
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• Smart factories are being developed across industries in South Korea.
• There is a shift from the real manufacturing world to the digital manufacturing world, which enables companies to digitally plan and execute the lifecycle of a product.
• Integrating the real manufacturing world with the digital manufacturing world has led to the development of industry 4.0 in South Korea.
• Smart machines are installed in a factory that can carry out the entire production process without any human intervention.
• This leads to the elimination of process and product wastage, downtime, defects, and waiting periods.
• The conception, design, planning, and execution of a smart factory requires DM solutions, which enable data sharing and integration among a company's many business units.
• Moreover, DM solutions are also used in smart factories for product and process lifecycle management.
• Growth Forecasts?
• Market Analysis?
• Revenue Forecasts?
• Regional and Country level Analysis?
• Competitive Structure?
• Emerging Trends?
• Vendor Landscape?
• Other?
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DM Market in South Korea 2015-2019
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