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Manufacturing Sector Driving Growth of Project Lifecycle Management in APAC

07-01-2011 10:19 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Technavio

Manufacturing Sector Driving Growth of Project Lifecycle

London, UK - June 29, 2011 -- Research conducted by Technavio reveals, that the Project Lifecycle Management market is expected to grow at a CAGR of 9 percent. The report, which focuses exclusively on Asia Pacific, indicates, that the market is currently driven by an increasing demand for this software in the manufacturing sector.

“The rapidly waxing levels of industrialization and continued shifting of manufacturing/production bases across industrial sectors to low cost countries, such as China and India; and the subsequent rise in manufacturing powers of these countries are expected to drive market prospects for Project Lifecycle Management in the Asia-Pacific region,” reports Technavio analyst.

In spite of the need, threat from open source PLM software providers hinders the growth of this market. However, the improved profitability and operational efficiency brought by this software is expected to promote market growth.

The Project Lifecycle Management market is marked by an increasing integration of this software with enterprise applications. This makes the study an important one for companies to fully understand the potential in the market and formulate its own strategy.

The report, APAC Product Lifecycle Management Software 2010-2014, is based on an extensive research from inputs by industry experts, vendors and end-users. It examines the factors including the key trends, drivers and challenges, impacting the evolution of this market. Further, it contains an in-depth understanding of the key vendors including their SWOT analysis.

Companies mentioned in this report include: Siemens PLM, Dassault Systems, Autodesk and PTC.

For more information please visit http://www.technavio.com/content/apac-product-lifecycle-management-software-2010-2014 or email enquiry@technavio.com.

About Technavio

Technavio is the research platform of Infiniti Research.

Infiniti Research provides actionable market, strategic, competitive and customer intelligence to leading companies worldwide. A team of 120 analysts with specialization in different sectors, conduct research in more than 50 countries (including all OECD and extended BRIC countries), and in more than 20 languages (including French, German, Mandarin, Japanese, Korean, Spanish, Portuguese and Hindi).

Technavio reports are based on a robust research model with critical insights from industry experts. Technavio focuses on niche and emerging technologies.

Technavio Interactive is a dynamic web-based portal which enables instant access to our 800+ Technavio reports. The platform is designed to ensure fast search and easy navigation of our database.

Contact:
Ludmila Berkesova
Program Manager
Infiniti Research Limited
Third Floor
33 Cavendish Square
London W1G 0PW
United Kingdom
Tel: +44 20 7031 0969
Fax: +44 84 5280 2825
E-Mail: ludmila@technavio.com
Web: http://www.technavio.com

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