PLM Market to see continued growth
By Staff -- Purchasing, 10/5/2006 2:00:00 AM
The market for product lifecycle management (PLM) software is expected to grow 9% through 2010, according to a recent report from AMR Research. A variety of factors will contribute to that growth, but internal and external collaboration is one of the key drivers for increased PLM adoption, AMR says.
On the internal collaboration side, AMR says, “Design for supply has been a traditional driver of PLM investment that is expected to continue. Supply chain and manufacturing professionals continue to seek better tools to ensure supply and manufacturing capabilities are factored into every design.”
External collaboration with suppliers and partners is also a key driver for PLM adoption. AMR says, global manufacturers “recognize that connectivity with global partners is a necessity. Collaborating securely in a 24/7 work week is standard practice in this economy to best make use of global resources.”
Small to midmarket users are showing the fastest growth in adopting PLM. “All the PLM vendors have developed pricing or on-demand delivery models targeted at this market,” the report says. Companies with less than $30 million in revenues showed 22% growth in adopting PLM in the past two years, compared with 9% growth among companies with $1 billion in revenues or more.
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