Research and Markets: Global Mainstream Product Lifecycle Management Market 2011-2015 Report Discusses That One of the Major Challenges in the Market Is the Lack of Standardization among Competitors
Research and Markets (http://www.researchandmarkets.com/research/3cnbwx/global_mainstream) has announced the addition of the "Global Mainstream Product Lifecycle Management Market 2011-2015" report to their offering.
TechNavio's analysts forecast the Global Mainstream Product Lifecycle Management (PLM) market to grow at a CAGR of 9.5 percent over the period 2011-2015. One of the key factors contributing to this market growth is the increasing need for an effective and efficient product development cycle. The Global Mainstream PLM market has also been witnessing the increasing adoption of cloud-based software. However, the lack of standardization among the competitors could pose a challenge to the growth of this market.
Key vendors dominating this market space include Dassault Systemes SA, Autodesk Inc., Siemens PLM Software Inc., and Parametric Technology Corp.
Other Vendors: SAP AG, Oracle Corp., Intergraph Corp., Aveva Group plc,., MSC Software Corp., and Delcam plc.
Commenting on the report, an analyst from TechNavio's Engineering team said: ''Many vendors are developing cloud-based mainstream Product Lifecycle Management Market (PLM) software that increases the efficiency of the end-users' product development cycle. Cloud computing technology enables organizations to store and access information on a cloud. By hosting mainstream PLM software in the cloud, organizations can significantly reduce their operating costs, ensure better scalability, and make better and more informed decisions to improve product development processes. In addition, the market includes various cloud-based PLM vendors which are focusing only on cloud-based software. However, many large PLM vendors are also developing cloud-based software to create a competitive edge in this competitive business environment.''
According to the report, the Global Mainstream PLM market is driven by the Global Discrete industry, which includes the Automotive, Electronics, and Aerospace and Defense industries. The market receives the majority of its revenue from discrete manufacturing industries, especially the Automotive, Electronics and Semiconductor, Aerospace and Defense, and Industrial Machinery industries. The Global Discrete industry is growing at a rapid rate, which in turn creates more market opportunities for mainstream PLM vendors. In addition, the Discrete industry is growing at a faster rate in developing countries than in developed countries. The emergence of discrete industries in developing countries enhances the demand for mainstream PLM tools in the market.
For more information visit http://www.researchandmarkets.com/research/3cnbwx/global_mainstream