Press release
Product Lifecycle Management Software Market Highlighting Regional Revenue Share Dominance during 2020 - 2025 | Analysis by Top Key Vendors - IBM, Infor, Omnify Software, Altair, ANSYS, Siemens
Product Lifecycle Management (PLM) Software Market
Global Product Lifecycle Management (PLM) Software Market overview:
Detailed Study on Product Lifecycle Management (PLM) Software Market is growing at a CAGR during Forecasts year 2024. This Report covers the Major Players data, including: shipment, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size.
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With the slowdown in world economic growth of the market include growing focus on developing groundbreaking smart products and factories, increasing need to build product innovation platform would support product lifecycle management-enabled applications, and growing demand for cloud-based product lifecycle management solutions for scalability and secure IT infrastructure.
The Global Product Lifecycle Management (PLM) Software Market is segmented on the basis of Product Type, Application, End-Use Industry and Region. On the Basis of Product Type segment, the Product Lifecycle Management (PLM) Software Market is sub-segmented into PDM, CAD, CAE, FEA, MOM. Based on End-Use Industry segment, the Product Lifecycle Management (PLM) Software Market is sub-segmented into Mechanical Equipment, Automotive Industry, Shipping and Locomotive, Others.
Deployment of the solution requires vast infrastructure and a personal data center, which is affordable only for large organizations. Hence, SMEs often face the dilemma of choosing between the hosted and on-premises solutions. In spite of its advantages, such as control over the system and data, and dedicated staff for maintenance and support, the on-premises deployment type has various drawbacks, which include high deployment costs and reasonable infrastructure requirements that are not always possible for every organization. The growth of the on-premises deployment type is expected to be affected by the rapid development of cloud computing solutions.
Some of the Product Lifecycle Management (PLM) Software Market manufacturers involved in the market are Arena Solutions, IBM, Infor, Omnify Software, Altair, ANSYS, Siemens PLM Software, SAP, Oracle, Dassault Systemes, Deltek Costpoint, Aras, Accenture, Fast React, Dozuki, PROCAD, Salesforce, C3Global, Autometrix, Autodesk, Acquisitions and effective mergers are some of the strategies adopted by the Product Lifecycle Management (PLM) Software Market manufacturers. New product launches and continuous technological innovations are the Product Lifecycle Management (PLM) Software Market strategies adopted by the major players.
Furthermore, it offers a detailed description and business profiles of leading key players operating in the global regions. It includes an overview of companies, contact information, methodologies, revenue generation, and successful strategies. North America has the first-mover advantage in the adoption of new technologies, such as smartphones and cloud platforms. North America has the headquarters of many large enterprises and is host to various international events. Enterprises are willingly investing in North America. The factors expected to drive the growth of the product lifecycle management market in North America are the stable economy, technological enhancements, and advanced infrastructure. North America, Latin America, Asia-Pacific, Africa, and Europe have been analyzed to get better insights about target market across the globe.
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Latest Industry Updates:
Infor;- A global leader in business cloud software specialized by industry, today announced that Cotonificio Albini, a famous Italian brand and the largest European manufacturer of shirt fabrics, has chosen Infor CloudSuite EAM (enterprise asset management) to help digitize the corporate asset management. Implemented by Italian partner Know-How, the solution will allow the textile sector company to improve its management of the maintenance processes of the group's assets and operating personnel.
Formed in 1876, with over 140 years of experience in the textile sector and a strong focus on innovation and quality culture, Cotonificio Albini manages a large portfolio of assets at its factories in Italy, Egypt and the Czech Republic. Previously, it had no IT system for controlling asset management, so the company has chosen Infor CloudSuite EAM to provide a global and unified platform with common graphics to control maintenance costs, purchasing and component replenishment.
Infor CloudSuite EAM is a best-in-class business asset management software that helps to digitize and optimize maintenance operations to achieve new levels of efficiency. The solution has been built to reflect the many nuances of vertical industries and allows users to analyze the main maintenance and other operating processes, to identify more efficient and effective ways of operating.
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Table of Contents:
Global Product Lifecycle Management (PLM) Software Market Report 2020
1 Product Lifecycle Management (PLM) Software Definition
2 Global Product Lifecycle Management (PLM) Software Market Major Player Share and Market Overview
3 Major Player Product Lifecycle Management (PLM) Software Business Introduction
4 Global Product Lifecycle Management (PLM) Software Market Segmentation (Region Level)
5 Global Product Lifecycle Management (PLM) Software Market Segmentation (Product Type Level)
6 Global Product Lifecycle Management (PLM) Software Market Segmentation (Industry Level)
7 Global Product Lifecycle Management (PLM) Software Market Segmentation (Channel Level)
8 Product Lifecycle Management (PLM) Software Market Forecast 2020-2024
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