Research conducted by Technavio reveals, that the Project Lifecycle Management market is expected to grow at a CAGR of 9 percent.
London, UK - June 29, 2011 -- Research conducted by Technavio reveals, that the Project Lifecycle Management market is expected to grow at a CAGR of 9 percent. The report, which focuses exclusively on Asia Pacific, indicates, that the market is currently driven by an increasing demand for this software in the manufacturing sector.
“The rapidly waxing levels of industrialization and continued shifting of manufacturing/production bases across industrial sectors to low cost countries, such as China and India; and the subsequent rise in manufacturing powers of these countries are expected to drive market prospects for Project Lifecycle Management in the Asia-Pacific region,” reports Technavio analyst.
In spite of the need, threat from open source PLM software providers hinders the growth of this market. However, the improved profitability and operational efficiency brought by this software is expected to promote market growth.
The Project Lifecycle Management market is marked by an increasing integration of this software with enterprise applications. This makes the study an important one for companies to fully understand the potential in the market and formulate its own strategy.
The report, APAC Product Lifecycle Management Software 2010-2014, is based on an extensive research from inputs by industry experts, vendors and end-users. It examines the factors including the key trends, drivers and challenges, impacting the evolution of this market. Further, it contains an in-depth understanding of the key vendors including their SWOT analysis.
Companies mentioned in this report include: Siemens PLM, Dassault Systems, Autodesk and PTC.
For more information please visit http://www.technavio.com/content/apac-product-lifecycle-management-software-2010-2014 or email email@example.com.
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