Cloud-Based Product Lifecycle Management (PLM) Market Trends, Size, Competitive Analysis and Forecast - 2019-2025


Posted October 21, 2020 by pooja1919

Cloud-Based Product Lifecycle Management (PLM) Market is expected to grow at a significant rate during the forecast period 2019-2025.
 
Cloud-Based Product Lifecycle Management (PLM) Market is expected to grow at a significant rate during the forecast period 2019-2025. Product lifecycle management software is a tool which is used to manage the data related to the product throughout its lifecycle starting from its conceptualization, manufacturing to its disposal. Cloud-based PLM helps in managing the lifecycle of the product effectively and efficiently. The software can be used in numerous applications thereby creating opportunities for the growth of the market in the near future. As the demand for sharing of product data has increased significantly, the demand for such software is expected to promote more vividly. The manufacturers are adopting such software to enhance their engagement with various departments along with increasing their production efficiency. Cloud-based PLM aids in consolidating the information related to the product. It is an easy to operate tool which can manage the complex data related to a product where there is high internet accessibility

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The demand for increasing production efficiency across the globe has increased significantly in the past years. This has significantly increased the adoption of such advanced software across the globe. Furthermore, the demand for such software has increased significantly in the manufacturing industry, with an objective of increasing automaticity across the industry. This is expected to be one of the key reasons which are expected to promote the growth of the market over the coming years. Furthermore, as the concept of the Internet of Things (IoT) propagates across the globe, it is expected to further supplement the growth of the market in the near future.



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Global Cloud-Based PLM Market Segmentation

By Application

Customer Management

Compliance Management

Portfolio Management

Product Data Management

Collaborative Design & Engineering

Others

By End-User

Healthcare & Life Science

Energy & Utilities

Automotive & Transportation

Semiconductor & Electronics

Aerospace & Defense

Others

Regional Analysis

North America

United States

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe

Asia-Pacific

China

India

Japan

Rest of Asia-Pacific

Rest of the World

Company Profiles

Accenture, PLC

Actify, Inc.

Aras Corp.

Arena Solutions, Inc.

Autodesk, Inc.

Backbone PLM, Inc.

beCPG

Centric Software, Inc.

CONTACT Software GmbH

Dassault Systèmes SE

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Issued By Mr. Anurag Tiwari
Country India
Categories Business
Last Updated October 21, 2020