DUBLIN — (BUSINESS WIRE) — June 21, 2011 — Research and Markets( http://www.researchandmarkets.com/research/6c059b/apac_product_lifec) has announced the addition of the " APAC Product Lifecycle Management Software 2010-2014" report to their offering.
Manufacturing Sector Driving Growth of Project Lifecycle Management in APAC
Research conducted by Technavio reveals that the Project Lifecycle Management market is expected to grow at a CAGR of 9 percent. The report, which focuses exclusively on Asia Pacific, indicates that the market is currently driven by increasing demand for this software in the manufacturing sector.
The rapidly waxing levels of industrialization and continued shifting of manufacturing/production bases across industrial sectors to low cost countries, such as China and India; and the subsequent rise in manufacturing powers of these countries are expected to drive market prospects for Project Lifecycle Management in the Asia-Pacific region, reports Technavio analyst.
In spite of the need, threat from open source PLM software providers hinders the growth of this market. However, the improved profitability and operational efficiency brought by this software is expected to promote market growth.
The Project Lifecycle Management market is marked by the increasing integration of this software with enterprise applications. This makes the study an important one for companies to fully understand the potential in the market and formulate its own strategy.
The report, APAC Product Lifecycle Management Software 2010-2014, is based on an extensive research from inputs by industry experts, vendors and end-users. It examines the factors including the key trends, drivers and challenges impacting the evolution of this market. Further, it contains an in-depth understanding of the key vendors including their SWOT analysis. Companies mentioned in this report include: Siemens PLM, Dassault Systems, Autodesk and PTC.
TechNavio's analysts forecast that APAC Product Lifecycle Management Software market will grow at a CAGR of 9 percent over the period of 2010-2014. One of the key factors contributing to this market growth is increased demand of PLM Software from the Manufacturing sector. The APAC Product Lifecycle Management Software market has also been witnessing integration of PLM Software with enterprise applications. However, high initial investment required for implementing PLM Software could pose a challenge to the growth of this market.
TechNavio's APAC Product Lifecycle Management Software Market 2010-2014 has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report focuses on Asia Pacific and covers the mainstream Product Lifecycle Management Software market and its growth prospects.
Key questions answered in this report: What will the market size be in 2014 and at what rate will it grow? What key trends is this market subject to? What is driving this market? 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?
- Siemens PLM
- Dassault Systemes
For more information visit http://www.researchandmarkets.com/research/6c059b/apac_product_lifec.
Research and Markets
Laura Wood, Senior Manager,
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716