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Global Cloud Product Lifecycle Management Market to grow at a CAGR of 8.79% during the period 2016-2020.

Press Release   •   May 16, 2016 08:52 EDT

Description

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. 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. 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.

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Key vendors

PTC

Siemens PLM

AutoDesk

Dassault Systmes

Other prominent vendors

Aras

Arena

Omnify

Oracle Agile

Infor

Market driver

Reduction in operations cost

For a full, detailed list, view our report

Market challenge

Increased concern for data security

For a full, detailed list, view our report

Market trend

Increased role of cloud PLM in IoT supporting devices

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2020 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?