Cloud Based PLM Market Analysis, Segments, Key Players, Drivers, Trends, and Forecast 2020 – 2027
Cloud Based PLM Market Overview:
The global
market report studying various aspects of the cloud-based PLM market declares
that the market may register a CAGR worth 15% during the forecast period of
2018 to 2023. Market Research Future (MRFR), in this report, also tracks
various factors that can boost the market prospect.
Its ability to
improve communication between manufacturers and suppliers, streamlining the
process, customer engagement, low cost, and others are expected to make sure
that users get their hands on the cloud-based PLM without much hesitation. This
growth would be further supported by a cloud-based product lifecycle management
market.
Competitive Landscape:
Some of the
eminent players to impact the Cloud Based PLM Market are Siemens AG (Germany),
Dassault Systemes (France), Oracle Corporation (ORCL), PTC Inc.
(U.S.), Arena Solutions, Inc. (U.S), SAP SE (Germany), Autodesk, Inc. (U.S.),
Infor Inc. (U.S.), Aras Corporation (U.S.), IFS AB (Sweden), Accenture PLC
(U.S.), and Razorleaf Corp. (U.S.).
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Segmentation:
The study of the
cloud-based PLM market includes a segmentation that assists in forming
strategies. These segments are organization size, component, application,
technology, and end user.
·
By component,
the global market can be studied on the basis of software and services. The
software segment comprises Numerical Control (NC), Simulation & Analysis
(S&A), CAD/CAM/CAE (CAx), Digital Manufacturing (DM), Architecture,
Electronic Design and Automation (EDA), Collaborative Product Definition
Management (CPDM), Engineering and Construction (AEC), and others. By services,
the global market report can be studied on the basis of Platform as a Service
(PaaS), Software as a Service (SaaS), Infrastructure as a Service (IaaS), and
others.
·
By technology,
the global report on the cloud-based PLM market includes near field
communication, radio-frequency identification, and others.
·
By application,
the market includes product data management, portfolio management, customer
management, collaborative design and engineering, compliance management, and
others.
·
By organization
size, the market studies small and medium enterprises (SME) and large
enterprises.
·
By end user, the
report includes healthcare & life sciences, aerospace & defense, energy
& utilities, industrial machinery & heavy equipment, semiconductor
& electronics, retail & consumer goods, automotive &
transportation, telecommunication & IT, and others.
Regional Analysis:
North America
has the scope to make sure that the market gets maximum exposure. End users in
the region are impacting the intake in significant ways. Among countries, the
US and Canada are showing notable opportunities for growth.
Industry News:
·
In August 2020,
New Generation Computing, Inc. (NGC), known for being a leading provider of
digital supply chain solutions, announced that Weissman, a company with a great
reputation in designing dancewear and costumes, included NGC’s PLM, supply
chain management (SCM), vendor compliance, and quality control solutions. The
decision from Weissman to partner with NGC is an initiative to set a proper
platform for future growth and success.
·
In July 2020,
Centric Software announced that they would be opening a branch in Vietnam,
where they will introduce Product Lifecycle Management (PLM) solutions to the
local community. The company, Centric Software, made a name for itself by
providing innovative enterprise solutions to end user industries like retail,
footwear, outdoor, fashion, consumer goods, luxury, and home décor companies to
make sure they achieve their digital transformation goals. The software has
emerged as a must-have backbone technology that drives all the product-related
activities covering from concept to retail for retailers, original design
manufacturers (ODMs), brands, and original equipment manufacturers (OEMs).
·
The recent
crisis that happened due to the COVID-19 pandemic and its aftermath are
expected to bolster the demand for the cloud-based PLM market as its expertise
in handling businesses in various ways is already a proven document.
Table
of Contents
1.
Report Prologue
2. Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
2.3 Market Structure
Continued…
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List of Tables
Table1 World
Population by Major Regions (2017 To 2022)
Table2
Global Cloud-Based Plm Market: By Region, 2017-2022
Table3 North
America Cloud-Based Plm Market: By Country, 2017-2022
Continued…
List of Figures
Figure 1
Global Cloud-Based Plm Market Segmentation
Figure 2
Forecast Methodology
Figure 3
Porter’s Five Forces Analysis of Global Cloud-Based Plm Market
Continued…
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