Japanese PLM Market is Growing
February 20, 2012
Product lifecycle management (PLM) is spreading rapidly across the globe. The Asian market has seen some of the quickest and most significant growth over the past few years. Recently, TransWorld News took a look at the Product Lifecycle Management Market in Japan 2010-2014 – Market Research Report and continued growth is expected.
Cloud computing has lead to increased adoption of PLM. The TransWorld News report focuses onJapan“and covers the vendor landscape of the PLM software market vendors and a corresponding detailed analysis of the top four vendors.”
“Our analysts forecast the Product Lifecycle Management (PLM) market in Japan to grow at a CAGR of 4.75 percent over the period 2010–2014. One of the key factors contributing to this market growth is the need for reduced product development costs. The PLM market inJapanhas also been witnessing the emergence of rent-based PLM solutions inJapan. However, the emerging threat from increasing counterfeit and open source solutions could pose a challenge to the growth of this market.”
The key vendors that currently dominate the Japanese landscape are Dassault Systèmes SA, Siemens PLM Software, Autodesk Inc., and Parametric Technology Corp. However, watch for smaller companies to shake up the Asian market in the near future. Companies like Inforbix are finding their stride globally. With software that is innovative and affordable, they will be able to compete with the big boys. We look forward to watching them span the globe.
Jennifer Wensink, February 20, 2012
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