Numbers Show Increase in Cloud-Based PLM Usage
February 9, 2012
Although everyone working with product lifecycle management (PLM) suspected the numbers for 2011 would show a definite shift toward the cloud and new PLM solutions the numbers are finally proving it. A recent press release titled, Arena Grows New Business 19% in 2011, on Marketwatch, tells of how a leader in cloud based services for small to mid-sized businesses exploded in growth due to the release of their latest creation, PDXViewer, cloud based app for viewing PDX files.
To explain the 19% growth the press release said,
“Helping drive that growth were increases in annuity bookings — up nearly 15% for the year — and an increase in subscriptions coming from new strategic partnerships. New customers were up 18% for the quarter compared to the same quarter in 2010. In addition to 2011’s strong subscription and renewal numbers, Arena fulfilled its commitment to expand the company by building out its software, infrastructure and partner community.”
What these numbers signify is that there is a new trend for companies to move to cloud based PLM solutions. As data continues to grow, expenses continue to be cut and a new technologically savvy workforce demands the latest in cloud technology and access to company data companies of all sizes are turning to new data management solutions.
As Arena is proving with their impressive numbers companies of all sizes are looking to unify departments by making data accessible and manageable by all. This unification in the form of cloud based PLM not only reduces overlap between design and production but eliminates redundancies that only serves to cost more money.
Catherine Lamsfuss, February 9, 2012
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