Product Life-Cycle Management (PLM) IT Market : Global
Industry Analysis and Forecast 2016 - 2024
Persistence Market Research
Product Life-Cycle Management (PLM) IT
Market : Global Industry Analysis and
Forecast 2016 - 2024
Persistence Market Research
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Product Life-Cycle Management (PLM) IT Market : Global
Industry Analysis and Forecast 2016 - 2024
Persistence Market Research Released New Market Report on “Product Life-Cycle
Management (PLM) IT Market : Global Industry Analysis and Forecast 2016 - 2024”.
Product life-cycle management (PLM) is an information system that can integrate data,
processes, business systems, and eventually people in an extended enterprise. PLM software
allows a company to manage information throughout entire lifecycle of product efficiently and
cost-effectively. It includes processes from ideation, design and manufacture and disposal of the
product.
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PLM includes both an information strategy and an enterprise strategy. In information strategy, it
includes coherent data structure by consolidating systems. In enterprise strategy, it enables
global organizations work as a single team to design, produce, support, and retire products.
PLM software empowers business to make unified, information driven decision at every stage of
product life cycle
Features of PLM Software
•
Optimize Relationships along the Lifecycle and Across Organizations
•
Set up a Single Systems of Records to Support Diverse Data Needs, So That Right
People See the Right Information at Right Time, and In Right Context
•
Maximize the Lifetime Value of a Business’s Product Portfolio
•
Drive Topline Revenue through Repeatable Process
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Product Life-Cycle Management (PLM) IT Market : Global
Industry Analysis and Forecast 2016 - 2024
In the today’s information technology world, companies have increased their scale of operations
that simultaneously increased their variation in their product portfolio. To manage the entire
information about the ideation to implementation of a product has become critical that led to the
innovation of a new software named as a product life-cycle management (PLM). Moreover, the
functionality of products is increasing, making their development and support more complex. So
there is a requirement of product life cycle management (PLM) software to make product
development process smoother, across various industries.
However, cost and complexity issues attached with PLM software have been long standing
hurdles to widespread PLM software adoption. In the various enterprises application, PLM
requires huge cost and complexity in IT infrastructure. It spreads across variety of related
applications, demands cross functional corporation, and more often than not, and requires a
sizable investment in outside consultants to manage both the technical and organizational
aspects of implementation.
Segmentation of product life-cycle management (PLM) IT market on the basis of functions:
System Engineering (SE):
System engineering is a field of engineering that focuses on how to design and manage
complex engineering systems over their life cycles. It includes issues such as requirement
engineering, reliability, and logistics, coordination of different teams, and testing and evaluation.
Product Portfolio Management (PPM) :
Product portfolio management is a business lifecycle function within a company dealing with the
planning, forecasting, and production of a product or products at all stages of product lifecycle. It
integrates people, data, process, and business systems.
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Product Life-Cycle Management (PLM) IT Market : Global
Industry Analysis and Forecast 2016 - 2024
Product Design:
Product design a function of business organization that includes creation of new product to be
sold by the company to its customers
Manufacturing Process Management (MPM) :
Manufacturing process management is a collection of technologies and methods used to define
how products are to be manufactured. It includes manufacturing concept planning, factory
layout planning and analysis, mixed model line balancing etc.
North America region is fastest growing market in PLM software adoption. The demand for
mechanical computer aided design (MCAD) and electronic computer aided design (ECAD), and
other PLM software in countries such as the U.S. and Canada is driving the growth of the
market.
In Asia-Pacific region, PLM market in aerospace and defense sector holds excellent growth
potential. Cloud based PLM software are also gaining popularity in countries such as China and
India that will further drive the market.
In Europe region, regulatory compliance, increased safety, enhanced design innovation, and
product processes are cornerstones for the growth of advanced PLM software in Europe.
Further, intensifying concern about safety and decreasing, maintenance expenditure will
catalyze the PLM software market in Europe. In Latin America and Middle East and Africa
regions, PLM business and deployment models are undergoing changes due to the innovation
of cloud based PLM software.
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Product Life-Cycle Management (PLM) IT Market : Global
Industry Analysis and Forecast 2016 - 2024
Autodesk Inc., Dassault Systems, PTC Inc., Siemens Product Life Cycle Management Inc.,
Oracle Corporation, and SAP SE, are some the leading players of global product life-cycle
management (PLM) IT market
The report covers exhaustive analysis on:
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Product Life-Cycle Management (PLM) IT Market Segments
•
Product Life-Cycle Management (PLM) IT Market Dynamics
•
Historical Actual Market Size, 2013 - 2015
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Product Life-Cycle Management (PLM) IT Market Size & Forecast 2016 to 2024
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Product Life-Cycle Management (PLM) IT Current Trends/Issues/Challenges
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Competition & Companies involved
•
Product Life-Cycle Management (PLM) IT Market Drivers and Restraints
Regional analysis includes
•
North America
•
Latin America
•
Europe
•
Asia Pacific
•
Middle East & Africa
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Product Life-Cycle Management (PLM) IT Market : Global
Industry Analysis and Forecast 2016 - 2024
Report Highlights:
•
Shifting Industry dynamics
•
In-depth market segmentation
•
Historical, current and projected industry size Recent industry trends
•
Key Competition landscape
•
Strategies of key players and product offerings
•
Potential and niche segments/regions exhibiting promising growth
•
A neutral perspective towards market performance
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Product Life-Cycle Management (PLM) IT Market : Global
Industry Analysis and Forecast 2016 - 2024
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