Cloud Based PLM Market 2019 Regional Analysis, Segments, Size, Top Key Players, Drivers and Trends by Forecast to 2023

Global Cloud Based PLM Market is expected to reach USD 50 billion by 2023 growing at a 15% CAGR over the forecast period 2017-2023.

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 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.)

Cloud Based PLM Global Market Competitive Analysis:
The Market of Cloud Based PLM appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape.

Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on latest technology and, most of all, in acquiring other firms.

Regional Analysis
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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Target Audience:
• 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.

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

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Release ID: 505683