The document summarizes a report on the global cloud-based PLM market. It is expected to register a 15% CAGR during 2020-2027 due to benefits like improved communication and cost reduction. The COVID-19 pandemic is also boosting demand. Major players are acquiring other firms to maintain their market position and drive growth. The market is segmented by components, technologies, applications, organization size, and end users. North America has significant opportunities due to end user impact. Key players profiled include Siemens, Dassault Systemes, Oracle, PTC, and Autodesk.

1. Cloud Based PLM Market Demand, Industry
Size, Top Players, Opportunities, Sales,
Revenue And Regional Forecast To 2027
Global Cloud-Based PLM Market Research Report: by Component (Software
and Services), by Technology (Radio-Frequency Identification, Near Field
Communication, and Others), by Organization size, by Application, and by End
User - Forecast till 2027

2. Overview
The global market report studying various aspects of the cloud-based PLM market declares
that the market may register a CAGR worth 15% during the forecast period of 2020 to 2027.
Market Research Future (MRFR), in this report, also tracks various factors that can boost the
market prospect. Its ability to improve communication between manufacturers and suppliers,
streamlining the process, customer engagement, low cost, and others are expected to make
sure that users get their hands on the cloud-based PLM without much hesitation. This growth
would be further supported by a cloud-based product lifecycle management market.
Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/1555
Industry News
In August 2020, New Generation Computing, Inc. (NGC), known for being a leading provider
of digital supply chain solutions, announced that Weissman, a company with a great
reputation in designing dancewear and costumes, included NGC’s PLM, supply chain
management (SCM), vendor compliance, and quality control solutions. The decision from
Weissman to partner with NGC is an initiative to set a proper platform for future growth and
success.

3. In July 2020, Centric Software announced that they would be opening a branch in Vietnam,
where they will introduce Product Lifecycle Management (PLM) solutions to the local
community. The company, Centric Software, made a name for itself by providing innovative
enterprise solutions to end user industries like retail, footwear, outdoor, fashion, consumer
goods, luxury, and home décor companies to make sure they achieve their digital
transformation goals. The software has emerged as a must-have backbone technology that
drives all the product-related activities covering from concept to retail for retailers, original
design manufacturers (ODMs), brands, and original equipment manufacturers (OEMs).
The recent crisis that happened due to the COVID-19 pandemic and its aftermath are expected
to bolster the demand for the cloud-based PLM market as its expertise in handling businesses
in various ways is already a proven document.
Competitive Analysis
The Market of Cloud Based PLM appears to be highly competitive. To maintain their market
position and to drive the market growth, various dynamic and diversified international
organizations, domestic organizations and as well as new entrants form a competitive
landscape. Market leaders are innovating continuously and increasingly seeking market
expansion through various strategic mergers and acquisitions, innovation, increasing
investments in research and development and cost-effective product portfolio. Major players
are investing on latest technology and, most of all, in acquiring other firms.

4. Segmentation
The study of the cloud-based PLM market includes a segmentation that assists in forming strategies.
These segments are organization size, component, application, technology, and end user.
By component, the global market can be studied on the basis of software and services. The software
segment comprises Numerical Control (NC), Simulation & Analysis (S&A), CAD/CAM/CAE (CAx), Digital
Manufacturing (DM), Architecture, Electronic Design and Automation (EDA), Collaborative Product
Definition Management (CPDM), Engineering and Construction (AEC), and others. By services, the global
market report can be studied on the basis of Platform as a Service (PaaS), Software as a Service (SaaS),
Infrastructure as a Service (IaaS), and others.
By technology, the global report on the cloud-based PLM market includes near field communication, radio-
frequency identification, and others.
By application, the market includes product data management, portfolio management, customer
management, collaborative design and engineering, compliance management, and others.
By organization size, the market studies small and medium enterprises (SME) and large enterprises.
By end user, the report includes healthcare & life sciences, aerospace & defence, energy & utilities,
industrial machinery & heavy equipment, semiconductor & electronics, retail & consumer goods,
automotive & transportation, telecommunication & IT, and others.

5. Regional Analysis
North America has the scope to make sure that the market gets maximum exposure. End users in the region are
impacting the intake in significant ways. Among countries, the US and Canada are showing notable opportunities
for growth.
Competitive Landscape:
Some of the eminent players to impact the cloud-based PLM market are Siemens AG (Germany), Dassault
Systemes (France), Oracle Corporation (U.S.), PTC Inc. (U.S.), Arena Solutions, Inc. (U.S), SAP SE (Germany),
Autodesk, Inc. (U.S.), Infor Inc. (U.S.), Aras Corporation (U.S.), IFS AB (Sweden), Accenture PLC (U.S.), and
Razorleaf Corp. (U.S.).
Get Report Details @ https://www.marketresearchfuture.com/reports/cloud-based-plm-market-1555
About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries
through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports
(3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact
Market Research Future
Phone: +1646 845 9312
Email: sales@marketresearchfuture.com