DUBLIN — (BUSINESS WIRE) — May 16, 2011 — Research and Markets( http://www.researchandmarkets.com/research/3b06e4/global_product_lif) has announced the addition of the " Global Product Lifecycle Management Software 2010-2014" report to their offering.
TechNavio analysts forecast that the Global Product Lifecycle Management Software market will reach $20.6 billion in 2014. One of the key factors contributing to this growth is the reduction in operation cost enabled by this software. However, the continuous threat from open source software providers could pose a challenge to the growth of this market.
The Global Product Lifecycle Management Software market has also been witnessing the integration of PLM with enterprise applications. Key vendors dominating this market space include Dassault Systems, Siemens PLM, PTC, and SAP AG.
TechNavio's report, Global Product Lifecycle Management Software Market 2010-2014, has been prepared based on an in-depth qualitative and quantitative analysis of the market with inputs from industry experts. The report focuses on the global market and covers the current Product Lifecycle Management Software market and its outlook in the coming years.
Key questions answered in this report:
- What will the market size be in 2014 and at what rate will it grow? What key trends will this market witness? What are the key factors driving market growth? What are the challenges to market growth? Who are the key vendors in this market space? What are the opportunities and threats faced by each of these key vendors? What are the strengths and weaknesses of each of these key vendors?
Research conducted by TechNavio reveals that the Product Lifecycle Management market is expected to grow at a CAGR of 7.9 percent. The report which focuses on the Americas, EMEA, and APAC, indicates that the market is currently driven by the increased profitability experienced by various enterprises employing product lifecycle management.
PLM software allows the user to create, capture, and share product related requirements, preferences, and expectations of the target segment. Further, it assists in aligning the product cost to the manufacturing costs. Thus, PLM is increasingly being used for reducing the cost of the product and increasing customer satisfaction, report TechNavio analysts. In spite of the demand for product lifecycle management, the threat from open source software providers hinders the growth of this market. However, the proven reductions in operation cost are expected to encourage market growth.
The Global Product Lifecycle Management market is marked by cloud computing in product data management. This makes the study an important one for companies to fully understand the potential in the market and formulate their own strategy.
The report, Global Product Lifecycle Management Software Market 2010-2014, is based on extensive research and inputs from industry experts, vendors, and end users. It examines the factors impacting the evolution of this market, including the key trends, drivers, and challenges. Further, it contains an in-depth understanding of the key vendors including a SWOT analysis for each vendor.
- Dassault Systemes
- Siemens PLM
- SAP AG
For more information visit http://www.researchandmarkets.com/research/3b06e4/global_product_lif
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