Report Details:
15 Companies Covered
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MRFR Press Release/- Market research future published a Half cooked research report on Global Cloud-based PLM Market.
Cloud-based PLM Market Highlights
With the increase in online transactions, the e-commerce sector is growing at a rapid pace, and it is important for business enterprises to offer their quality services in a short period of time. Cloud-based PLM helps the retail sector across the world to expand their retail solutions to evolve and innovate ideas, develop, and design the product and consolidate to their suppliers and distributors for providing better customer satisfaction. Thus, cloud-based PLM software helps the retail industry to analyze, strategize, and customize according to the need of the consumer.
Moreover, the proliferation of IoT is anticipated to drive the cloud-based PLM market over the forecast period. On the flip side, the cost and complex solutions of cloud-based PLM are anticipated to hinder the growth of the market as anticipated over the forecast period.
The cloud-based PLM market has been categorized into the component, organization size, technology, application, and end user.
The component segment is further is categorized into software and services. The software segment is sub-divided into CAD/CAM/CAE (CAx), Numerical Control (NC), Simulation & Analysis (S&A), Electronic Design and Automation (EDA), Architecture, Engineering and Construction (AEC), Collaborative Product Definition Management (CPDM), Digital Manufacturing (DM), and others.
The services are segregated into Software as a Service (SaaS), Platform as a Service (PaaS), and Infrastructure as a Service (IaaS) and others.
Based on the technology, cloud-based PLM market is sub-categorized into, radio-frequency identification, near field communication, and others.
Furthermore, application-based cloud-based PLM market is sub-divided into portfolio management, product data management, collaborative design and engineering, customer management, compliance management, and others.
On the basis of organization size, the market is bifurcated into small & medium enterprise (SME) and large enterprise.
Lastly, the cloud-based PLM market is sub-segmented into end user which include aerospace & defense, healthcare & life sciences, retail & consumer goods, energy & utilities, industrial machinery & heavy equipment, telecommunication & IT, automotive & transportation, semiconductor & electronics, and others.
According to Market Research Future analysis Cloud-based, PLM market has been valued at approximately USD 50 billion with 15% CAGR during the forecast period 2017-2023.
Key Players
Market research future identifies some of the key players of cloud-based PLM market are 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 Corporation (U.S.), Infor Inc. (U.S.), Accenture PLC (U.S.), IFS AB (Sweden), and Razorleaf Corp. (U.S.)
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