Customized Solutions – Emerging Trend in China’s PLM Market13 Oct 2011 • by Natalie Aster
A recently published report “Product Lifecycle Management Software in China 2010-2014” by Infiniti Research reveals that the Product Lifecycle Management Software (PLM) market in China is expected to grow at a CAGR of 14.2 percent over the period 2010–2014. The report, which focuses on China exclusively, indicates that the market is being driven by the demand coming in from automotive companies.
According to Technavio’s industry analyst, “As a result of rapid growth, there is huge competition among automotive companies to provide low-cost quality products. Moreover, with the availability of a cheap and skilled labor force in China, several automotive players across the globe are increasingly investing in the Automotive market in China. This has resulted in the need for efficient supplier power. Therefore, automotive companies are increasingly adopting PLM software solutions to effectively deliver quality products in minimum time.”
Product Lifecycle Management Software in China 2010-2014
Published: September 2011
Price: US$ 1,500.00
The report also highlights that high product and training costs are hindering the growth of this market. However, the increasing need to reduce time to market of a product is expected to boost market growth. This market is also marked by the increased development of customized solutions. These are just some of the important findings presented in the report that will enable companies to fully understand the potential in this market and formulate their own strategies.
The report is based on extensive research conducted with industry experts, vendors, and end-users. It examines the key trends, drivers, and challenges impacting the evolution of this market. The report also contains incisive insights and SWOT analyses regarding the key vendors in this market.
Companies mentioned in the report include Siemens PLM Software, Parametric Technology Corporation, Dassault Systemes SA, and Autodesk Inc.
More information can be found in the report “Product Lifecycle Management Software in China 2010-2014” by Infiniti Research.
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