Welcome!

Artificial Intelligence Authors: Pat Romanski, Zakia Bouachraoui, Elizabeth White, Yeshim Deniz, Liz McMillan

News Feed Item

Research and Markets: Global Product Lifecycle Management Tools Market 2011-2015 Report Discusses that the Availability of Open-Source PLM Tools is a Major Challenge in the Global PLM Tools Market

Research and Markets (http://www.researchandmarkets.com/research/qrm9zk/global_product) has announced the addition of the "Global Product Lifecycle Management Tools Market 2011-2015" report to their offering.

TechNavio's analysts forecast the Global Product Lifecycle Management Tools market to grow at a CAGR of 9.70 percent over the period 2011-2015. One of the key factors contributing to this market growth is the increasing demand for innovative products. The Global Product Lifecycle Management Tools market has also been witnessing the emergence of cloud-based PLM tools. However, the availability of open-source PLM tools could pose a challenge to the growth of this market.

Key vendors dominating this market space include Autodesk Inc., Dassault Systemes SA, Synopsys Inc., and Siemens PLM Software Inc.

Other vendors mentioned in the report: Cadence Design Systems Inc., Mentor Graphics Inc., MSC Software Corp., Parametric Technology Corp., LMS International, Bentley Systems, Inc., and Delcam plc.

Commenting on the report, an analyst from TechNavio's Engineering team said: "Cloud computing technology is becoming popular among organizations because it offers huge space for data storage, provides flexibility, and enables scalability. Hence, several Product Lifecycle Management (PLM) tools vendors have started developing cloud-based PLM tools. This pay-per-use model of PLM tools reduces the overall cost of software adoption. Moreover, several users can remotely access cloud-based PLM tools at any time or in any place. Furthermore, cloud-based PLM tools can be scaled up in features more easily. Hence, the Global PLM Tools market is witnessing an emerging trend where many vendors are developing cloud-based PLM tools to meet the demands of the end-users."

According to the report, one of the main drivers is the increasing demand for innovative products. To sustain in this competitive business environment, several companies across industries are adopting PLM tools to develop innovative products at affordable prices.

For more information visit http://www.researchandmarkets.com/research/qrm9zk/global_product

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
Charles Araujo is an industry analyst, internationally recognized authority on the Digital Enterprise and author of The Quantum Age of IT: Why Everything You Know About IT is About to Change. As Principal Analyst with Intellyx, he writes, speaks and advises organizations on how to navigate through this time of disruption. He is also the founder of The Institute for Digital Transformation and a sought after keynote speaker. He has been a regular contributor to both InformationWeek and CIO Insight...
Bill Schmarzo, author of "Big Data: Understanding How Data Powers Big Business" and "Big Data MBA: Driving Business Strategies with Data Science" is responsible for guiding the technology strategy within Hitachi Vantara for IoT and Analytics. Bill brings a balanced business-technology approach that focuses on business outcomes to drive data, analytics and technology decisions that underpin an organization's digital transformation strategy.
DXWorldEXPO LLC, the producer of the world's most influential technology conferences and trade shows has announced the 22nd International CloudEXPO | DXWorldEXPO "Early Bird Registration" is now open. Register for Full Conference "Gold Pass" ▸ Here (Expo Hall ▸ Here)
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22nd international CloudEXPO | first international DXWorldEXPO and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time t...
CloudEXPO New York 2018, colocated with DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and sh...
What are the new priorities for the connected business? First: businesses need to think differently about the types of connections they will need to make – these span well beyond the traditional app to app into more modern forms of integration including SaaS integrations, mobile integrations, APIs, device integration and Big Data integration. It’s important these are unified together vs. doing them all piecemeal. Second, these types of connections need to be simple to design, adapt and configure...