Europe Sees Growth in Advanced Managment Solutions
January 17, 2012
Economic growth is few and far between these days, but management technology is one of the bright spots. As discussed in “PAM and PLM Emerge as Indispensable Advanced Management Solutions in Highly Competitive European Industrial Markets, Finds Frost & Sullivan” management technology is no longer a luxury, it is now a necessity.
Successful companies rely on PAM to ensure “the safety and process reliability of an enterprise,” while PLM “helps in accelerating new product design and development.” Together, theses advanced management solutions are essential to European manufacturers to “achieve a sustainable enterprise framework for the 21st century.”
European Advanced Management Solutions Market, finds that the market earned revenues of €300.9 million and €2640.7 million for PAM and PLM, respectively, in 2010. It is estimated that the market value of PAM and PLM will reach €506.6 and €4331.4 million, respectively, in 2017.
PAM and PLM growth “in Europe will depend on the standards and definitions of future enterprise software.”
A few outstanding technology companies are reaching worldwide success. Inforbix is one of them. They have revolutionized the way the global manufacturing industry finds, re-uses, and shares product data. Companies like Inforbix are the reason for such lofty predictions and such a bright future for advanced management technologies.
Jennifer Wensink, January 17, 2011
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