Global Mainstream Product Lifecycle Management Market Will Hit at CAGR of 9.93% During Years 2017-2021

Latest industry research report on: Global Mainstream Product Lifecycle Management Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts


Albany, NY -- (SBWIRE) -- 03/23/2017 -- Manufacturing industries use PLM software as it deals with different functional levels of the organizations such as product designing, design engineering, and manufacturing. The need for managing the manufacturing process of a product has led to the emergence of PLM software and services. The growing complexity of products and the increase in the product portfolio across organizations have led to the demand for a system that can provide solutions to the production processes across industries. The implementation of PLM in an organization provides higher revenue, reduces cost, and increases capital efficiency.

Technavios analysts forecast the global mainstream PLM market to grow at a CAGR of 9.93% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global mainstream PLM market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

Technavio's report, Global Mainstream PLM Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Dassault Systmes
Siemens PLM Software

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Other prominent vendors
3D Systems
Altair Engineering

Market driver
Increase in demand for mainstream PLM for effective collaboration among Bus.
For a full, detailed list, view our report

Market challenge
Concern for data security in cPDM.
For a full, detailed list, view our report

Market trend
Increasing complexity in data management.
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Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?