- Cloud based PLM services is a key future trend
- Largest product segment is product lifecycle management tools / PLM Tools
- Collaborative Product Definition (cPDm) Management represents the fastest growing segment
LONDON, Aug. 3 — By 2017 the product lifecycle management market will reach a value of $44.2 billion, according to a new report on companiesandmarkets.com. Steady growth will be driven by demand from the emerging Asia Pacific markets, combined with the need for cheaper processes and faster product development.
Product Lifecycle Management (PLM): A Global Strategic Business Report
Even prior to the recession, organisations were looking to make significant reductions to costs associated with product development, and the time taken for a new product/concept to reach the marketplace. Many companies implemented strategic Product Lifecycle Management (PLM) systems to meet these demands and become more competitive and now, post-recession, even more are looking at PLM as a means to differentiating themselves and improving product innovation.
As the manufacturing industry retracted and consumer expenditure declined during the recession, the PLM technology market saw a decline during 2009, although not as marked as other areas of enterprise application software (EAS). Many orders were postponed or cancelled during this time, but post-recession, businesses are investing in IT to help manage the complexities of financial and environmental regulations and compliance; relationships with suppliers; and management of trade, distribution, supply and production, amongst others.
Within the product lifecycle management market report are 84 company profiles, including: T-Systems International GmbH, Accenture, Tata Technologies Limited, Ansys Inc, Siemens PLM Software Inc, Aras Corporation, Selerant, Arena Solutions Inc, SAP AG, Autodesk Inc, Parametric Technology Corporation, Bentley Systems Inc, Oracle Corporation, Centric Software Inc, Omnify Software Inc, Computer Science Corporation, International Business Machines Corporation, Dassault Systemes SA, Enginuity PLM LLC, Lectra SA, Gerber Technology and Intergraph Corporation.
The 540 page PLM research report reviews the competitive landscape and explains the trends, products, market drivers/barriers, strategic activities of industry participants, and other influencing factors that impact upon the PLM market. It incorporates historic and forecast data from 2003-2017, and is split by segments (Collaborative Product Definition Management (cPDm), Digital Manufacturing Solutions and PLM Tools) and geographies (US, Asia Pacific, Europe – France, Germany, Italy, UK, and Rest of Europe – and Rest of World.