Bill of material (BOM) management market - By Type (Engineering BOM, Manufacturing BOM, Service BOM, etc.), By Application (Manufacturing, Construction, Aerospace & Defense, Automotive, Healthcare etc.), By Industry (Large Enterprises, Small & Medium Enterprises), By Geography - Global Opportunity Analysis & Industry Forecast, 2023-2030.

Report Code: ITR 0402 Report Format: PDF + Excel

Bill of material (BOM) management market Overview:


The Global Bill of material (BOM) management market is expected to grow from USD XX billion in 2023 to USD XX billion by 2030, at a CAGR of XX% during the forecast period (2023-2030). The growth of the market is driven by the increasing demand for BOM management software from manufacturers in various industries, such as the automotive, aerospace, and electronics industries. BOM management software is used to create and manage bills of materials (BOMs). A BOM is a list of all the components and materials required to manufacture a product. BOM management software can help manufacturers to create accurate and up-to-date BOMs, which can help to improve efficiency and reduce costs.

BOM management is the process of capturing, configuring, and managing all product data that is developed throughout the lifecycle of a product. This data includes the list of components that make up a product, the instructions on how to assemble the product, and the product's specifications. BOM management is essential for manufacturers to ensure that they have the right parts in the right quantities at the right time, to track the cost of products, and to comply with regulations. The increasing complexity of products is one of the key drivers of the BOM management market. As products become more complex, it becomes more difficult to manage the bill of materials manually. BOM management software can help manufacturers to automate the BOM management process, which can save time and money.

The need to improve efficiency and traceability in the manufacturing process is another driver of the BOM management market. BOM management software can help manufacturers to improve efficiency by streamlining the BOM management process and by providing real-time visibility into the BOM. BOM management software can also help manufacturers to improve traceability by providing a complete audit trail of the BOM. The growing adoption of cloud-based BOM management solutions is also a key trend in the market. Cloud-based BOM management solutions offer several advantages over on-premises solutions, including scalability, flexibility, and cost-effectiveness. Cloud-based BOM management solutions are also easier to deploy and manage than on-premises solutions.
Market Snapshot:
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Bill of material (BOM) management market - Report Coverage:


The “Bill of material (BOM) management market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Biochar Market.
AttributeSegment

By Type

  • Engineering BOM

  • Manufacturing BOM

  • Service BOM

 

 By Application

  • Manufacturing

  • Construction

  • Aerospace & Defense

  • Automotive

  • Healthcare

  • Others

By Industry

  • Large Enterprises

  • Small & Medium Enterprises

 

 

 By Geography

  • North America (U.S., Canada and Mexico)

  • Europe (Germany, France, UK, Italy, Spain, Russia and the Rest of Europe),

  • Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and the Rest of Asia-Pacific),

  • South America (Brazil, Argentina, Chile, Colombia and the Rest of South America)

  • Rest of the World (Middle East and Africa).

Bill of material (BOM) management market - Top Trends


The rise of cloud-based BOM management software: Cloud-based BOM management software is becoming increasingly popular, as it offers a number of advantages over traditional on-premises solutions. Cloud-based solutions are more scalable and easier to manage, and they can be accessed from anywhere with an internet connection. This makes them a good fit for manufacturers with global operations or those that need to be able to quickly adapt to changing market conditions.

The increasing use of artificial intelligence (AI) and machine learning (ML): AI and ML are being used to automate a variety of tasks in BOM management, such as identifying duplicate parts, detecting errors, and recommending alternatives. This is freeing up engineers and other BOM managers to focus on more strategic tasks.

The growing demand for traceability and compliance: Manufacturers are under increasing pressure to ensure that their products are safe and compliant with regulations. BOM management software can help manufacturers track the provenance of their products and ensure that they are meeting all applicable regulations.

The need for real-time data: BOM management software needs to be able to provide real-time data to manufacturers. This is important for making quick decisions about production, inventory, and procurement.

The increasing adoption of open standards: Open standards are becoming increasingly important in BOM management. This is because they allow manufacturers to exchange data with other businesses and systems more easily.

The Bill of material (BOM) management market - Company Analysis

The Bill of material management market is highly competitive, with a number of major players vying for market share. The following are some of the key players in the market:

Oracle: Oracle is a global leader in enterprise software. Its BOM management software, Oracle Fusion BOM, is a comprehensive solution that helps manufacturers manage their BOMs across the product lifecycle.

SAP: SAP is another global leader in enterprise software. Its BOM management software, SAP BOM (Bill of Material), is a flexible solution that can be customized to meet the specific needs of manufacturers.

Dassault Systems: Dassault Systems is a French multinational software company that specializes in 3D design software. Its BOM management software, 3DEXPERIENCE BOM, is a cloud-based solution that helps manufacturers collaborate on BOMs in real time.

Arena Solutions: Arena Solutions is a US-based software company that specializes in BOM management software. Its Arena BOM is a cloud-based solution that helps manufacturers manage their BOMs across the product lifecycle.

Spartan Software: Spartan Software is a US-based software company that specializes in BOM management software. Its Spartan BOM is an on-premises solution that helps manufacturers manage their BOMs across the product lifecycle.

Key Market Players: 

Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies players in the Bill of material (BOM) management market adopt. The top 10 companies in Bill of material (BOM) management market are listed below:
1. Oracle.
2. SAP.
3. Dassault Systèmes.
4. Arena Solutions.
5. Spartan Software. 
6. IQMS.
7. Emadata.
8. Upchain.
9. Infor.
10. Epicor.

Scope of the Report:
Report MetricDetails

Base Year Considered

2022

Forecast Period

2023–2030

CAGR

XX%

Market Size in 2030

USD XX billion

Segments Covered

By Type, Application, Industry, Geography.

Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and the Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).

Key Market Players

  1. Oracle

  2. SAP

  3. Dassault Systèmes

  4. Arena Solutions

  5. Spartan Software

  6. IQMS

  7. Emadata

  8. Upchain

  9. Infor

  10. Epicor


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1. Bill of material (BOM) management market Overview
     1.1 Definitions and Scope
2. Bill of material (BOM) management market – Executive Summary
3. Bill of material (BOM) management market – Market Landscape
     3.1 Company Benchmarking – Key Companies
     3.2 Key Company Financial Analysis
     3.3 Market Share Analysis – Key Companies
     3.4 Patent Analysis
     3.5 Pricing Analysis (Comparison of General Price Offerings in the Market)
4. Bill of material (BOM) management market – Startup Company Scenario (Premium)
     4.1 Investment
     4.2 Revenue
     4.3 Venture Capital and Funding Scenario
5. Bill of material (BOM) management market – Market Entry Scenario Premium (Premium)
     5.1 Regulatory Scenario
     5.2 New Business and Ease of Doing business index
     5.3 Case Studies of Successful Ventures
6. Bill of material (BOM) management market – Market Forces
     6.1 Market Drivers
     6.2 Market Constraints
     6.3 Porter’s Five Force Model
         6.3.1 Bargaining Power of Suppliers
         6.3.2 Bargaining Powers of Customers
         6.3.3 Threat of New Entrants
         6.3.4 Rivalry Among Existing Players
         6.3.5 Threat of Substitutes
7. Bill of material (BOM) management market – Strategic Analysis
     7.1 Value Chain Analysis
     7.2 Opportunities Analysis
     7.3 Market Life Cycle Analysis
8. Bill of material (BOM) management market – By Type (Market Size - $Million/$Billion)
     8.1 Engineering BOM 
         8.1.1 Market Trends by Region 
       8.1.2. Market Share & Forecast by Region
     8.2 Manufacturing BOM 
         8.2.1 Market Trends by Region
         8.2.2 Market Share & Forecast by Region
     8.3 Service BOM
         8.3.1 Market Trends by Region
         8.3.2 Market Share & Forecast by Region
     8.4 Others
9 Bill of material (BOM) management market – by Application (Market Size - $Million/$Billion)
     9.1 Manufacturing
         9.1.1 Market Share & Forecast by Region
         9.1.2 Market Share & Forecast by Region
     9.2 Construction
         9.2.1 Market Trends by Region
         9.2.2 Market Share & Forecast by Region
     9.3 Aerospace & Defense
         9.3.1 Market Trends by Region
         9.3.2 Market Share & Forecast by Region
     9.4 Automotive
         9.4.1 Market Trends by Region
         9.4.2 Market Share & Forecast by Region
     9.5 Healthcare
         9.5.1 Market Trends by Region
         9.5.2 Market Share & Forecast by Region
     9.6 Others
10 Bill of material (BOM) management market – by Industry (Market Size - $Million/$Billion)
     10.1 Large Enterprises 
         10.1.1 Market Trends by Region
         10.1.2 Market Share & Forecast by Region
     10.2 Small & Medium Enterprises
         10.2.1 Market Trends by Region
         10.2.2 Market Share & Forecast by Region
11 Bill of material (BOM) management market – by Geography (Market Size - $Million/$Billion)
     11.1 North America
         11.1.1 U.S.
         11.1.2 Canada
         11.1.3 Mexico
     11.2 Europe
         11.2.1 Germany
         11.2.2 France
         11.2.3 U.K.
         11.2.4 Italy
         11.2.5 Spain
         11.2.6 Russia
         11.2.7 Rest of Europe
     11.3 Asia-Pacific
         11.3.1 China
         11.3.2 Japan
         11.3.3 South Korea
         11.3.4 India
         11.3.5 Australia & New Zealand
         11.3.6 Rest of Asia-Pacific
     11.4 South America
         11.4.1 Brazil
         11.4.2 Argentina
         11.4.3 Chile
         11.4.4 Colombia
         11.4.5 Rest of South America
     11.5 Rest of the World
         11.5.1 Middle East
         11.5.2 Africa
12 Bill of material (BOM) management market – Market Entropy
     12.1 New product launches
     12.2 M&A’s, collaborations, JVs and partnerships
13 Bill of material (BOM) management market – Industry Competition Landscape (Premium)
     13.1 Market Share Analysis
         13.1.1 Market Share by Technology – Key Companies
         13.1.2 Market Share by Country – Key Companies
         13.1.3 Market Share by Region – Key Companies
     13.2 Competition Matrix
     13.3 Best Practices for Companies
14 Bill of material (BOM) management market – Key Company List by Country Premium (Premium)
15 Bill of material (BOM) management market – Company Analysis
     15.1 Oracle.
     15.2 SAP.
     15.3 Dassault Systèmes.
     15.4 Arena Solutions.
     15.5 Spartan Software.
     15.6 IQMS.
     15.7 Emandata.
     15.8 Upchain.
     15.9 Infor.
     15.10 Epicor.
     15.11 MasterControl.
     15.12 MRPeasy.
     15.13 Ciiva GmbH.
     15.14 GEP.
     15.15 Newman Cloud, Inc.
     15.16 Fishbowl Inventory.
     15.17 Katana Technologies.
     15.18 ProdSmart.
     15.19 IQMS.
     15.20 Vertex.

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The Bill of material (BOM) management market is forecast to grow at XX% during the forecast period 2023-2030.

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