Market Insight : Cloud Product Lifecycle Management Market Globally Grow at a CAGR of 8.79% by Revenue During the Forecast Period 2017-2020
ResearchMoz presents professional and in-depth study of "Global Cloud Product Lifecycle Management Market 2016-2020". Many manufacturing companies require PLM software, as it helps deal with different functional levels of an organization such as design engineering, product designing, and manufacturing. The need for managing a product from the concept to servitization has led to the emergence of PLM software and services. The rising product complexity and increase in product portfolio across organizations have fueled the need for a system that provides solutions to the production process across industries. The implementation of PLM in an organization provides higher revenue, reduces the cost of production, and enhances capital efficiency. Technavios analysts forecast the global cloud PLM market to grow at a CAGR of 8.79% during the period 2016-2020. Covered in this report The report covers the present scenario and the growth prospects of the global cloud PLM market for 2016-...