Cloud Based PLM Market Overview:
The global Cloud Based PLM market is growing with the rapid pace is mainly due increasing need for integrated PLM solutions, which is propelling the Cloud Based PLM market growth to the large extent. According to a recent study report published by the Market Research Future, The global market of Cloud Based PLM is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016 – 2022).
The global Cloud Based PLM Market is driven due to high adoption of Internet-of –Thing (IoT) devices, which are boosting the growth Cloud Based Product Lifecycle Management market. As it helps the organization to get to market first, stake a larger market share, and maximize profit margins. Increasing cloud adoption increasing the demand for PLM is propelling the market growth to the large extent. Cloud helps the organization to plan with the flexibility to be agile and make changes quickly based on supply chain issues.
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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.)
Oct 2, 2017- Oracle has announced their research and development on advancements to the Oracle Application Development Platform. With this platform, the company is offering an open, standards-based approach to build, deploy and manage modern applications.
March 2016 – Oracle, launches new SaaS, PaaS, and IaaS Cloud Services to help the organizations leverage the latest in business transformation trends, including big data, social and mobile. With this service, the company is planning to provide all of the cloud-based services including such as big data analytics, social, mobile, and IoT.
February, 2016– Siemens and IBM join hands on next generation of cloud-based building energy management solutions. With this solution, emerging technologies in cloud computing, data analytics, and intelligent field devices are widely using cloud-based building energy management solution.
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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.
Cloud Based PLM Market Segmentation:
The Cloud Based PLM Market can be segmented in to 5 key dynamics for the convenience of the report and enhanced understanding;
- Segmentation by Component: Comprises Radio-frequency identification, Near field communication, Cloud services, and others.
- Segmentation by Application: Comprises Public, Private, Community, and Hybrid Among Others.
- Segmentation by Technology: Comprises Software as a Service (SaaS), Platform as a Service (PaaS), and Infrastructure as a Service (IaaS) Among Others.
- Segmentation by End User: Comprises Aerospace and Defense, Healthcare, Telecommunication, Automotive, Electronics Among Others.
- Segmentation by Regions:Comprises Geographical regions – North America, Europe,
- Asia Pacific and Rest of the World
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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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