TechNavio today launched its report Global Mainstream Product Lifecycle Management 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: ”Many vendors are developing cloud-based mainstream Product Lifecycle Management Market (PLM) software that increases the efficiency of the end-users’ product development cycle. Cloud computing technology enables organizations to store and access information on a cloud. By hosting mainstream PLM software in the cloud, organizations can significantly reduce their operating costs, ensure better scalability, and make better and more informed decisions to improve product development processes. In addition, the market includes various cloud-based PLM vendors which are focusing only on cloud-based software. However, many large PLM vendors are also developing cloud-based software to create a competitive edge in this competitive business environment.”
According to the report, the Global Mainstream PLM market is driven by the Global Discrete industry, which includes the Automotive, Electronics, and Aerospace and Defense industries. The market receives the majority of its revenue from discrete manufacturing industries, especially the Automotive, Electronics and Semiconductor, Aerospace and Defense, and Industrial Machinery industries. The Global Discrete industry is growing at a rapid rate, which in turn creates more market opportunities for mainstream PLM vendors. In addition, the Discrete industry is growing at a faster rate in developing countries than in developed countries. The emergence of discrete industries in developing countries enhances the demand for mainstream PLM tools in the market.
Further, the report discusses that one of the major challenges in the market is the lack of standardization among the competitors.
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/OqndV
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
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report – Global Mainstream Product Lifecycle Management Market 2011-2015
