Cloud-Based PLM Market Expected to Reach 40.55 Billion USD by 2021
The Cloud Based PLM Market size is estimated to grow from USD 18.65 Billion in 2016 to USD 40.55 Billion by 2021, at an estimated Compound Annual Growth Rate (CAGR) of 16.80%.
(EMAILWIRE.COM, May 24, 2018 ) According to a new market research report "Cloud-Based PLM Market by Application (Portfolio Management, Product Data Management, Collaborative Design and Engineering, Customer Management, Compliance Management), Organization Size, Vertical, and Region - Global Forecast to 2021", The cloud-based PLM market size is estimated to grow from USD 18.65 Billion in 2016 to USD 40.55 Billion by 2021, at an expected Compound Annual Growth Rate (CAGR) of 16.80% from 2016 to 2021. Rising need for integrated PLM solutions, effective management of supply chain, growing adoption of Internet of Things (IoT) are increasing the demand for cloud-based PLM in the market.
Browse 64 market data Tables and 45 Figures spread through 135 Pages and in-depth TOC on "Cloud-Based PLM Market"
https://www.marketsandmarkets.com/Market-Reports/cloud-based-plm-market-138642552.html
“Customer Management is expected to grow at the highest CAGR during the forecast period”
The cloud-based PLM market is expected to grow at an impressive CAGR during the forecast period. Since enterprises are focusing on improving customer relationship and retaining them customer retention are the two most important factors, the customer management application segment is expected to witness a substantial growth rate during the forecast period. Moreover, cloud-based PLM increases revenues and also enhances productivity by establishing healthy customer-provider relationship.
Retail & Consumer Goods and Healthcare & Life Sciences are expected to grow at high CAGRs during the forecast period."
The cloud-based PLM market is witnessing a potential growth in the retail and consumer goods industry across various regions owing to the increase in the adoption of cloud-based application. Moreover, healthcare and life sciences sector has been early adopter of cloud-based technologies to serve customers better.
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“Asia-Pacific (APAC) is expected to witness a high growth potential during the forecast period”
North America is expected to hold the largest market share in 2016, while APAC would be the fastest maturing in terms of CAGR. Factors such as improving IT infrastructure, growing internet penetration, and the increasing number of connected devices are driving the growth of the cloud-based PLM market in APAC.
The major application providers in the cloud-based PLM market include Dassault Systemes (France), Siemens AG (Germany), PTC Inc. (U.S.), Oracle Corporation (U.S.), SAP SE (Germany), Autodesk, Inc.(U.S.), Arena Solutions, Inc. (U.S.), Aras (U.S.), Infor (U.S.), and Accenture PLC (U.S.).
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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Browse 64 market data Tables and 45 Figures spread through 135 Pages and in-depth TOC on "Cloud-Based PLM Market"
https://www.marketsandmarkets.com/Market-Reports/cloud-based-plm-market-138642552.html
“Customer Management is expected to grow at the highest CAGR during the forecast period”
The cloud-based PLM market is expected to grow at an impressive CAGR during the forecast period. Since enterprises are focusing on improving customer relationship and retaining them customer retention are the two most important factors, the customer management application segment is expected to witness a substantial growth rate during the forecast period. Moreover, cloud-based PLM increases revenues and also enhances productivity by establishing healthy customer-provider relationship.
Retail & Consumer Goods and Healthcare & Life Sciences are expected to grow at high CAGRs during the forecast period."
The cloud-based PLM market is witnessing a potential growth in the retail and consumer goods industry across various regions owing to the increase in the adoption of cloud-based application. Moreover, healthcare and life sciences sector has been early adopter of cloud-based technologies to serve customers better.
Inquiry before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=138642552
“Asia-Pacific (APAC) is expected to witness a high growth potential during the forecast period”
North America is expected to hold the largest market share in 2016, while APAC would be the fastest maturing in terms of CAGR. Factors such as improving IT infrastructure, growing internet penetration, and the increasing number of connected devices are driving the growth of the cloud-based PLM market in APAC.
The major application providers in the cloud-based PLM market include Dassault Systemes (France), Siemens AG (Germany), PTC Inc. (U.S.), Oracle Corporation (U.S.), SAP SE (Germany), Autodesk, Inc.(U.S.), Arena Solutions, Inc. (U.S.), Aras (U.S.), Infor (U.S.), and Accenture PLC (U.S.).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
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MarketsandMarkets™
Mr. Salgarkar
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results