(EMAILWIRE.COM, August 11, 2018 ) The cloud-based product lifecycle management market is estimated to grow by almost USD 2 billion by 2022. Want to make the most from this stupendous growth? Our 104-page research report provides a detailed analysis of the growth prospects of the product data management software market. The report will help companies gain a clear understanding of the competitive landscape of the market and identify factors and upcoming trends that will provide considerable growth opportunities. Technavio’s market research report provides a comprehensive analysis of the cloud-based product lifecycle management market by product (cPDM, DM, and CAD) and by geography (the Americas, APAC, and EMEA).

The cloud-based product lifecycle management market size will grow at a CAGR of 12% by 2022.



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The growth of the cloud-based product lifecycle management market will accelerate during the upcoming period due to significant contribution by countries in the Americas. Factors such as rising demand for digitized operations, user-friendly user interface (UI), cloud computing, and increasing product portfolio will drive the growth of this global market in the region. Consequently, the Americas will account for the major shares of the product data management software market throughout the forecast period.

“Almost 61% of the incremental growth will be from the Americas”, says a senior market research analyst for the enterprise application industry. “The growing demand for large-scale product lifecycle management encourages the manufacturers to develop innovative products that can efficiently provide solutions to large-scale processes. These cloud-based product lifecycle management software feature automate services and increase the connectivity among departments.”



Oracle and Siemens are among the leading companies in the cloud-based product lifecycle management market

The cloud-based product lifecycle management market is moderately fragmented with the presence of several software providers. Due to the growing demand for large-scale process software, several manufacturers are improving and enhancing their product offerings to offer innovative and customized products. Competitors in the product data management software market are introducing new and innovative products due to the need to offer differentiated products and attain competitive advantage.

This research report provides a detailed analysis of several companies in the cloud-based product lifecycle management including:

Autodesk
Dassault Systèmes
Oracle
PTC
Siemens


Growing demand for large-scale product lifecycle management is contributing to the growth of the market

With the rising demand for large-scale product lifecycle management, the adoption of the cloud-based product lifecycle management software is gaining popularity. Companies are focusing on cultivating and managing resources to develop innovative products to manage rising requirements of efficient solutions for large-scale product lifecycle management. Implementation of cloud-based product lifecycle management software automates the lifecycle to ensure maximum outputs. Also, the implementation of this software at a large scale offers benefits such as process management, projecting profitability, and automation.



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