Global Cloud Product Lifecycle Management Market Will Grow At A CAGR Of 8.79% During The Period 2016-2020
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About Product Lifecycle Management
Many manufacturing companies require PLM software, as it helps deal with different functional levels of an organization such as design engineering, product designing, and manufacturing.
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The need for managing a product from the concept to servitization has led to the emergence of PLM software and services. The rising product complexity and increase in product portfolio across organizations have fueled the need for a system that provides solutions to the production process across industries. The implementation of PLM in an organization provides higher revenue, reduces the cost of production, and enhances capital efficiency.
Technavios analysts forecast the global cloud PLM market to grow at a CAGR of 8.79% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global cloud PLM market for 2016-2020. To calculate the market size, the report considers both direct revenue and indirect revenue of the vendors.
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In addition, we have only considered DM, cPDM, and CAD software.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Cloud PLM Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
PTC
Siemens PLM
AutoDesk
Dassault Systmes
Other prominent vendors
Aras
Arena
Omnify
Oracle Agile
Infor
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