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Cloud Based PLM Market Worth $40.55 Billion by 2021 - Increased Adoption of Cloud Technology by SMEs - Research and MarketsResearch and Markets has announced the addition of the "Cloud-Based PLM Market - Global Forecast to 2021" report to their offering. The cloud-based PLM market size is estimated to grow from USD 18.65 billion in 2016 to USD 40.55 billion by 2021, at an estimated Compound Annual Growth Rate (CAGR) of 16.80% from 2016 to 2021.The cloud-based PLM market is driven by factors such as increased adoption of cloud technology by Small and Medium Enterprises (SMEs) and the enterprises inclination toward improved design review & increased resource utilization. Portfolio Management application is expected to have the largest market share during the forecast period. The application enables the decision makers to ensure that they are working on right innovation with right resources and strategies throughout the product lifecycle. It also helps in optimizing th resources by better planning and facilitating resources and financial constraints. North America is expected to hold the largest market share in 2016, while APAC is the fastest-growing in terms of CAGR. Factors such as improving IT infrastructure, growing internet penetration, and increasing number of connected devices are supporting the growth of the cloud-based PLM market in APAC. Companies Mentioned:
Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 Industry Trends 7 Cloud-Based PLM Market Analysis, By Application 8 Cloud-Based PLM Market, By Organization Size 9 Cloud-Based PLM Market Analysis, By Industry Vertical 10 Geographic Analysis 11 Competitive Landscape 12 Company Profiles For more information about this report visit http://www.researchandmarkets.com/research/39fxgp/cloudbased_plm View source version on businesswire.com: http://www.businesswire.com/news/home/20160929005626/en/ |
