Houston, TX -- (SBWIRE) -- 06/21/2018 -- Research N Reports has announced the addition of a new research report to its growing market intelligence repository. The report studies the global market for Cloud-Based PLM Market and presents reliable forecasts regarding the market's future growth. The historical development patterns exhibited by the global market are studied in detail to present actionable insights for players looking to capitalize on the opportunities in the market. The report is titled 'Global Cloud-Based PLM Market Size And Forecast To 2021' and is available for sale on the official website of Research N Reports.

Overview
PLM stands for portfolio management applications. It Protect customers while working on a reliable platform during the product lifecycle. The cloud is an Internet-based system that manages products and related information from beginning to end of the product life cycle. Cloud-based PLM is widely used around the world to track product development records from many manufacturers. It also helps to improve resources by enabling better planning and financial constraints. For example, Autodesk has deployed PDM in its cloud-based PLM solution. With this release, users can manage CAD geometry with features such as version control, design collaboration, revision control, and release tracking.

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Segmentation:
The global market is Segmented as industrial machinery and heavy equipment, energy and utilities, medical and life sciences, automotive and transportation, aerospace and defense, telecommunications and IT, semiconductor and electronics, retail and consumer goods. Among them, the telecommunication and IT vertical sectors dominate the global market. As the adoption of cloud-based PLM increases, it is expected to stimulate the global market. Based on the application, the global cloud-based PLM market is divided into categories such as customer management, portfolio management, compliance management, product data management, collaboration design and engineering. Among them, customer management is the major market share in the world market.

Growth Factors:
Some of the key drivers affecting the global cloud-based PLM market are managing the growth in demand for supplier configuration, real-time re-engineering, 3D printing, integration into ERP systems, Internet of Things (IoT) devices, customer management and the cloud. Based PLM solution. Customer management applications are expected to activate the market in the near future. Companies are focusing on customer retention by enriching their customer experience and expect to accelerate the growth of the cloud-based PLM market in the future. Cloud-based PLM also provides solutions that help you maintain customers and maintain healthy customer relationships.

The major players profiled in this report include:
Sanpin Soft, Digiwin Software, PTC Inc, Oracle, Dassault Systemes, Siemens

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Regional Analysis:
North America dominates the geographical segment in terms of adoption of cloud-based PLM. In the Asia Pacific region, however, IT infrastructure is expected to grow significantly. The region is expected to see significant growth over the next few years due to improved IT industry and outsourcing. And as the need for cloud-based applications grows, we are driving the cloud-based PLM market in the region. In addition, economic developments in countries such as India, China and Japan are showing significant growth in the cloud-based PLM market.

With all the information congregated and examined using SWOT analysis, there is a vivacious picture of the competitive landscape of the Global Cloud-Based PLM Market. Openings for the future market development were revealed and preoccupied competitive dangers likewise textured. The drifts and inclinations of this market were considered and it demonstrates that there was an illustrious strategic direction observed. By the grasping market foundation and using the determined standards, methodologies, and inclinations of other driving markets for references, market data was understood.

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