Product Lifecycle Management (PLM) is a process of controlling the product lifecycle using several industrial designs and manufacturing activities. Product lifecycle management is the basis for the digital thread, delivering supply chain agility and business continuity. The incorporation of cloud computing into the PLM market has served industries and managing the product portfolio along with catering customers with its brief description. Cloud product lifecycle management allows easier, faster, and more authentic collaboration between all teams. It gives role-based policy access to assure everyone only has a way to the information they need, which preserves the OEM's intellectual property (IP) at all times.
MARKET DYNAMICS
The increase in demand for cloud-based PLM can be attributed to factors such as customer management, integration into ERP system, Internet of Things (IoT), 3D printing, managing re-engineering in real-time, and vendor management. All these applications are expected to boost the market in the forecasted period. Furthermore, the implementation of cloud-based PLM automates the lifecycle to assure maximum outputs. Also, the implementation of this software at a large scale offers advantages such as process management, projecting profitability, and automation.
MARKET SCOPE
The "Global Cloud Based PLM Market Analysis to 2028"? is a specialized and in-depth study of the cloud based PLM market with a special focus on the global market trend analysis. The report aims to provide an overview of cloud based PLM market with detailed market segmentation by organization size, application, vertical. The global cloud based PLM market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading cloud based PLM market player and offers key trends and opportunities in the cloud based PLM market.
MARKET SEGMENTATION
The global cloud based PLM market is segmented on the basis of organization size, application, vertical. On the basis of organization size, market is segmented as large enterprises, SMEs. On the basis of application, market is segmented as portfolio management, product data management, collaborative design and engineering, customer management, compliance management, others. On the basis of vertical, market is segmented as retail and consumer goods, energy and utilities, industrial machinery and heavy equipment, telecommunication and IT, automotive and transportation, semiconductor and electronics, others
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global cloud based PLM market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The cloud based PLM market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting cloud based PLM market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the cloud based PLM market in these regions.
MARKET PLAYERS
The reports cover key developments in the cloud based PLM market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from cloud based PLM market are anticipated to lucrative growth opportunities in the future with the rising demand for cloud based PLM market. Below mentioned is the list of few companies engaged in the cloud based PLM market.
The report also includes the profiles of key cloud based PLM market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Dassault Systemes
- Siemens AG
- PTC Inc
- Oracle Corporation
- SAP SE
- Autodesk, Inc
- Arena Solutions, Inc
- Aras
- Infor
- Accenture PLC
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.