Cloud Based PLM Market Overview:
The cloud-based Product Lifecycle Management (PLM) is associated with the internet-based system for handling the lifecycle of a product from the evolution of a product to its expiry date. The cloud-based PLM is an effective software framework which facilitates the business enterprises to integrate the information for the development of a product and also helps the manufactures to customize the product according to specific orders or requests.
The cloud PLM solutions help in enhancing the communication between manufacturers and suppliers and offer more organized results for the development of a product. The cloud-based PLM is a cost-effective tool and very inexpensive to maintain, facilitating the low cost of possession. Additionally, the cloud-based PLM offer various software solutions such as CAD/CAM/CAE (CAx), Numerical Control (NC), Simulation & Analysis (S&A), Electronic Design & Automation (EDA), Architecture, Engineering & Construction (AEC), Collaborative Product Definition Management (CPDM), Digital Manufacturing (DM) and many more.
In order to retain the customers, and develop enhancements and effective quality of products, many business enterprises are constantly evolving new platforms. For instance, recently Oracle had developed new SaaS, PaaS, and IaaS Cloud Services to offer the organizations to expand their latest products in business transformation trends, including big data, social, and mobile. Through this initiation, the company is planning to provide all of the cloud-based services including big data analytics, social, mobile, and IoT.
However, with the advent of technology, consolidation of the Internet of Things (IoT) with Cloud-Based PLM Market is expected to drive the market over the forecast period.
Major Key Players:
- 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.)
- Accenture PLC (U.S.)
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Geographically, the cloud-based PLM market is segmented into four different regions namely North America, Asia Pacific, Europe, and The Rest of World.
North America is presumed to be a prominent region in cloud-based PLM market .The U.S. is a leading country in the region, owing to the advanced technological infrastructure and presence of a large number of cloud-based solution providers are expected to propel the market over the forecast period. Asia Pacific region is expected to have substantial growth in the cloud-based PLM market. China, Taiwan, Republic of Korea and Japan are the prominent countries in the cloud-based PLM market owing to government agencies constantly promoting cloud-based PLM for the data security.
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- Consultancy firms/advisory firms
- Data integration service providers
- Cloud vendors
- System integrators/migration service providers
- Education service providers
- Research organizations and consulting companies
- Government agencies.
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