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 Corporation (U.S.), Infor Inc. (U.S.), Accenture PLC (U.S.), IFS AB (Sweden), Razorleaf Corp. (U.S.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Cloud Based PLM Market.
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.
Cloud Based PLM 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.
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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Cloud Based PLM Market Regional Analysis:
North America is dominating the global Cloud Based PLM market with the largest market share due to the increasing number of sophisticated threats, which is gaining demand in Cloud Based PLM market in these region, and is expected to gain growth by 2022.
Global Cloud Based PLM market in Asia Pacific market is expected to grow at a substantial CAGR during 2016 to 2022 due to the growing government compliance on data security in which Cloud Based PLM are widely used. The European market for Cloud Based PLM market is expected to grow at a considerable CAGR (2016-2022).
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