Cloud-based Product Lifecycle Management (PLM) Market - Global Industry size, company share and analysis 2016 - 2024

MarketResearchReports.Biz has recently announced the Latest industry research report on: "Global Cloud-based Product Lifecycle Management (PLM) Market" : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts.

Product life cycle management (PLM) is a process or system used to manage the data and design process associated with the life of a product from its conception and envisioning through its manufacture, to its retirement and disposal. PLM helps to manage the entire lifecycle of a product efficiently and cost-effectively. Today, manufacturers increasingly need to share product data with stakeholders both inside and outside the organization (including engineering, operations, quality, procurement and marketing). Manufacturers need to collaborate, track and regulate changes to the product with their corresponding team. Traditional or on-premise PLM solutions often turn ineffective cost-wise, especially, for the small and medium size businesses. Small and medium size enterprises (SMEs) have been averse to spending high on PLM solutions till recently. Cloud- based PLM solution is growing in popularity with manufacturers around the world which allows them to consolidate information about product development, streamline change orders and requests and improve communication with suppliers. It is an easier way to manage complex product data in fast-moving and geographically dispersed organizations with anyone accessible with an internet connection. Further, cloud-based PLM is more cost-effective as compared to traditional on-premise PLM and is cited to offer improved return on investment (ROI).

Request Sample Copy of the Report@ https://www.marketresearchreports.biz/sample/sample/1361026

Cloud-based PLM service can be adapted according to customer specific requirements. Thus, multi-national enterprises can implement new processes faster and quickly deploy scalable solutions to its processes worldwide. Cloud-based PLM solutions have a better UI (User Interface) and can provide automated software updates in less time as compared to on-premise based PLM solutions. The process of any software up gradation in cloud-based PLM requires very less time compared to on-premise based PLM service. On-premise PLM service has an expensive and time-intensive integration process which requires software licenses and a significant infrastructure investment. In contrast, cloud PLM service is maintained by the software provider, which means set-up is easy, improved scalability and reduced risks. Cloud-based PLM includes features such as comprehensive virtualization capabilities, robust security, architectural partitioning and distributed processing. Hence, manufacturers can handle multiple business units and have ease of use for non-engineers and designers. Thus, it can be helpful to support idea generation and design as previous data related to product is freely available in cloud. Further, the product data management can be secured with the use of advanced and powerful firewalls provided by the service provider. The subscription based pricing model that avoids up-front costs and can increase profitability for the manufacturers. Cloud-based PLM service is expected to find more use in bill of materials (BOM) and supply chain management in coming years.

Complete Report Details @ https://www.marketresearchreports.biz/reports/1361026/cloud-based-product-lifecycle-management-plm-market-research-reports

Investments in PLM are still not growing in a uniform way and are being implemented with different degrees of maturity in the different industrial segments. Cloud-based PLM finds its application in transportation, life science, consumer products, consumer electronics, machinery and mechanical part manufacturing, energy and utility, Aerospace and defense, pharmaceutical and automotive sector. Cloud-based PLM can find more use in companies which cover a wide geographical region and have to connect with its stakeholders across the globe. Some of the key companies providing cloud based PLM are Arena Solutions, Infor Inc., Oracle Corporation, Aras Corporation, Siemens AG, SAP Inc., PTC Inc., Dassault Systemes, Autodesk Inc and IFS AB.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

Have Any Query? Ask Our Expert @ https://www.marketresearchreports.biz/sample/enquiryBuy/1361026

The study is a source of reliable data on:

Market segments and sub-segments

Market trends and dynamics

Supply and demand

Market size

Current trends/opportunities/challenges

Competitive landscape

Technological breakthroughs

Value chain and stakeholder analysis

The regional analysis covers:

North America (U.S. and Canada)

Latin America (Mexico, Brazil, Peru, Chile, and others)

Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)

Eastern Europe (Poland and Russia)

Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)

Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market

Important changes in market dynamics

Market segmentation up to the second or third level

Historical, current, and projected size of the market from the standpoint of both value and volume

Reporting and evaluation of recent industry developments

Market shares and strategies of key players

Emerging niche segments and regional markets

An objective assessment of the trajectory of the market

Recommendations to companies for strengthening their foothold in the market

About us

MarketResearchReports.biz is the most comprehensive collection of market research reports. MarketResearchReports.Biz services are specially designed to save time and money for our clients. We are a one stop solution for all your research needs, our main offerings are syndicated research reports, custom research, subscription access and consulting services. We serve all sizes and types of companies spanning across various industries.

Contact Us

State Tower

90 State Street, Suite 700

Albany, NY 12207

United States

Tel: +1-518-621-2074

Website: http://www.marketresearchreports.biz/

Email: sales@marketresearchreports.biz

This release was published on openPR.