TechNavio today launched its report Global Product Lifecycle Management Tools Market 2011-2015 based on an in-depth analysis covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”Cloud computing technology is becoming popular among organizations because it offers huge space for data storage, provides flexibility, and enables scalability. Hence, several Product Lifecycle Management (PLM) tools vendors have started developing cloud-based PLM tools. This pay-per-use model of PLM tools reduces the overall cost of software adoption. Moreover, several users can remotely access cloud-based PLM tools at any time or in any place. Furthermore, cloud-based PLM tools can be scaled up in features more easily. Hence, the Global PLM Tools market is witnessing an emerging trend where many vendors are developing cloud-based PLM tools to meet the demands of the end-users.”
According to the report, one of the main drivers is the increasing demand for innovative products. To sustain in this competitive business environment, several companies across industries are adopting PLM tools to develop innovative products at affordable prices.
Further, the report discusses that the availability of open-source PLM tools is a major challenge in the Global PLM Tools market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit http://goo.gl/D8HT5
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/engineering-software
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TechNavio Announces the Publication of its Research Report – Global Product Lifecycle Management Tools Market 2011-2015
