DUBLIN — (BUSINESS WIRE) — September 22, 2011 — Research and Markets( http://www.researchandmarkets.com/research/dfba76/product_lifecycle) has announced the addition of the " Product Lifecycle Management Software in China 2010-2014" report to their offering.
Customized Solutions - Emerging Trend in China's PLM Market
According to Technavio's industry analyst, As a result of rapid growth, there is huge competition among automotive companies to provide low-cost quality products. Moreover, with the availability of a cheap and skilled labor force in China, several automotive players across the globe are increasingly investing in the Automotive market in China. This has resulted in the need for efficient supplier power. Therefore, automotive companies are increasingly adopting PLM software solutions to effectively deliver quality products in minimum time.
The report also highlights that high product and training costs are hindering the growth of this market. However, the increasing need to reduce time to market of a product is expected to boost market growth. This market is also marked by the increased development of customized solutions. These are just some of the important findings presented in the report that will enable companies to fully understand the potential in this market and formulate their own strategies.
Technavio's report, Product Lifecycle Management Software in China 2010-2014, is based on extensive research conducted with industry experts, vendors, and end-users. It examines the key trends, drivers, and challenges impacting the evolution of this market. The report also contains incisive insights and SWOT analyses regarding the key vendors in this market.
Key vendors dominating this market include Siemens PLM Software, Parametric Technology Corp., Dassault Systmes SA, and Autodesk Inc.
For more information visit http://www.researchandmarkets.com/research/dfba76/product_lifecycle
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