Research and Markets: Global PLM Market to Grow at a CAGR of 8.94% During the Period 2016-2019 by


Albany, NY -- (SBWIRE) -- 01/26/2016 -- "The Report Global PLM Market in the Aerospace and Defense Sector 2016-2020 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. -"

About PLM

Many manufacturing companies need PLM software as it deals with various functional levels of an organization such as product designing, design engineering, and manufacturing. The need for managing a product from the concept to servitization has led to the emergence of PLM software and services.

The growing product complexity and increase in product portfolios across organizations has led to the demand for a system that can provide solutions to the production process across industries. The implementation of a PLM in an organization provides higher revenue, reduces cost, and provides capital efficiency.

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Technavios analysts forecast the global PLM market in the aerospace and defense industry to grow at a CAGR of 8.94% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global PLM market in the aerospace and defense industry for the period 2016-2020. To calculate the market size and the vendor share, the report considers both the direct revenue and the indirect revenue of the vendors.

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


Technavio's report, Global PLM Market in the Aerospace and Defense Sector 2016-2020, 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

Other prominent vendors:

3D Systems
Mentor Graphics
Numeca International

Market driver:

Increase in R&D investment in EMEA
For a full, detailed list, view our report

Market challenge:

Threat of pirated software
For a full, detailed list, view our report

Market trend:

Role of PLM in IoT supporting devices
For a full, detailed list, view our report

Key questions answered in this report:

What will the market size be in 2020 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?

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