9 January 2019 - Cloud-Based
Product Lifecycle Management Market is expected to grow at a
significant CAGR in the upcoming years as the scope and its applications are
increasing across the globe. An information management system that can
incorporate data, processes, and business systems in an enterprise is known as
Product Lifecycle Management (PLM). It is used to manage the data and design
process related to the life of a product.
The factors that propel the growth of the Cloud-Based Product Lifecycle
Management Market include increasing demand, rapid urbanization &
industrialization, technological innovations and wide range of applications. In
addition, some of the other factors such as growing need for integrated PLM
solutions, rising implementation of IoT, increasing cloud implementation and
manufacturing industry enriching cloud PLM fuel the market growth.
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Cloud-Based Product Lifecycle
Management Market is classified on the basis of product type, applications,
distribution channel and geography. The market is segmented by product type as
SaaS, PaaS and others. Cloud-Based Product Lifecycle Management Market is
classified on applications as Collaborative Design and Engineering, Compliance
Management, Customer Management, Portfolio Management, Product Data Management,
and others. Cloud-Based Product
Lifecycle Management Market is classified on the basis of geography as North
America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and
Middle East and Africa. The North American region consists of the U.S., and
Canada. Latin America region consists of Mexico and Brazil. The Western
European region consists of Germany, Italy, France, England and Spain. The
Eastern European region consists of Poland and Russia.
Asia Pacific region consists
of China, India, ASEAN, Australia & New Zealand. The Middle East and
African region consists of GCC, South Africa and North Africa. By geography, North America is projected to
account a major share of the Cloud-Based Product Lifecycle Management Market.
Some of the key players that fuel the growth of the Cloud-Based Product
Lifecycle Management industry include Autodesk, Inc., Arena Solutions, Aras,
Accenture PLC, Dassault Systemes, Oracle Corporation, PTC Inc., Infor, SAP SE,
Siemens AG, and others. The key players are focusing on inorganic growth to
sustain themselves amidst fierce competition. As such, mergers, acquisitions,
and joint ventures are the need of the hour.
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