Press release
IoT Market in Product Lifecycle and Asset Management Size and Forecast to Grow at a CAGR of 19.65% By 2021
IoT is defined as a network that connects all the devices related to the industry, such as sensors, actuators, transmitters, microcontrollers, and microprocessors. PLM is the process of managing the entire lifecycle of a product starting with the concept and ideation, to engineering and design, manufacturing, post-sale services, and finally the disposal of products. AM is about tracking and managing the costs associated with the asset lifecycles.
Technavios analysts forecast the global IoT market in product lifecycle and asset management to grow at a CAGR of 19.65% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global IoT market in product lifecycle and asset management for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global IoT Market in Product Lifecycle and Asset Management 2017-2021, 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
IBM
PTC
RapidValue
SAP
Siemens
Other prominent vendors
Accenture
Aberdeen
Alcatel-Lucent
AT&T
Cisco Systems
KloudData
Tego
Pega
Market driver
Large-scale funding for IoT across the world
For a full, detailed list, view our report
Market challenge
Interoperability issues
For a full, detailed list, view our report
Market trend
Evolution of predictive maintenance with IoT
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 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?
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