The Business Research Company’s report on the Amusement Parks Global Market Report 2025 Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the bill of material (bom) software market in recent years?
The increasing demand for remote collaboration is expected to propel the growth of the bill of material (BOM) software market going forward. Remote collaboration refers to the process of working together on projects, tasks, or activities with individuals or teams located in different physical locations. Remote collaboration is on the rise due to various factors, including the shift towards remote work, advancements in technology enabling virtual collaboration, the desire for flexibility in work arrangements. BOM software enables real-time updates to the bill of materials, ensuring that all team members, regardless of their time zones and schedules, have access to the most current information and can track changes as they happen. For instance, in June 2023, according to a report published by Upwork Global Inc., a US-based freelancing platform, an estimated 32.6 million Americans will be working remotely by 2025, which equates to about 22% of the workforce, and an 87% increase from pre-pandemic levels. Therefore, the increasing demand for remote collaboration is driving the growth of the bill of material (BOM) software market.
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What is the projected market size of the bill of material (bom) software industry, and how is it expected to grow?
The bill of material (BOM) software market size has grown strongly in recent years. It will grow from $9.1 billion in 2024 to $9.72 billion in 2025 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to manufacturing complexity, product complexity, efficiency and cost reduction, customer demands and competitive pressures.
The bill of material (BOM) software market size is expected to see strong growth in the next few years. It will grow to $12.47 billion in 2029 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to supply chain resilience, sustainability and circular economy, remote work and collaboration, emerging technologies and data-driven decision making. Major trends in the forecast period include integration with IoT and industry 4.0, AI and machine learning, enhanced collaboration features, customization and configurability, and user experience (UX) design.
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Who are the key players driving competition in the bill of material (bom) software market?
Major companies operating in the bill of material (BOM) software market are Siemens AG, Oracle Corporation, SAP SE, Fujitsu Ltd., Dassault Systèmes SE, Autodesk Inc., Cadence Design Systems Inc., Infor Inc., Lectra SA, Altium Limited, Zuken Inc., Silicon Expert, Tacton Systems AB, Fast React Systems Ltd., Arena Solutions Inc., HTS Inc., Aras Corporation, SofTech Group Inc., Xavor Corporation, Timesys Corporation, FlexSim Software Products Inc., Omnify Software Inc., Onshape Inc.
What key trends are expected to drive the bike camera market during the forecast period?
Major companies operating in the bill of materials (BOM) software market are developing innovative solutions, such as software bill of materials (SBOM), to enhance visibility and combat supply-chain threats. SBOM are software tools or systems that provide real-time visibility into complex software environments, enabling organizations to make better-informed decisions about their software supply chain risks. For instance, in November 2022, Tanium, a US-based system software company, launched the Tanium Software Bill of Materials (SBOM) to streamline the management and tracking of components and materials required for product manufacturing or assembly. This innovative technology enables organizations to proactively address security vulnerabilities and enhance risk management. It is the first and only solution that provides IT and security professionals with granular visibility and real-time remediation of software packages for every application on every endpoint at runtime.
Which key geographies are driving the growth of the bill of material (bom) software market?
North America was the largest region in the bill of material (BOM) software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bill of material (BOM) software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What are the key segments driving growth in the bill of material (bom) software market?
The bill of material (BOM) software market covered in this report is segmented –
1) By Type: Engineering BOM, Manufacturing BOM, Service BOM
2) By Deployment: On-Premise, Cloud-Based
3) By Organization Size: Small And Medium Enterprises (SMEs), Large Enterprises
4) By Application: Automotive, Aerospace And Defense, Electrical And Electronics, Medical Devices, Industrial Machinery, Consumer Goods
Subsegments:
1) By Engineering BOM, Design BOM, Product Structure BOM, Prototype BOM
2) By Manufacturing BOM, Assembly BOM, Process BOM, Material BOM
3) By Service BOM: Maintenance BOM: Spare Parts BOM, After market BOM
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How is the bill of material (bom) software market defined, and what are its core characteristics?
Bill of materials (BOM) software refers to a tool that enables the creation, management, and optimization of bill of materials, which is a comprehensive list of all the parts, materials, and processes required to manufacture a product. It is used to streamline the process of building assemblies and sub-assemblies by automatically informing users where to find components and whether they are available.
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