Market Outlook : Cloud Product Lifecycle Management Market Globally Grow at a CAGR of 8.79% by Revenue During the Period 2017-2020

ALBANY, NY, May 6, 2017 : 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.

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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.

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

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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?

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This release was published on openPR.