Product Lifecycle Management (PLM) consists of software solutions that support organizations throughout the product lifecycle stages, from conceptualization to design, build, market, support, maintenance, and retirement. A holistic PLM solution supports enterprise-wide requirements for engineering designs and development, manufacturing workflows, and managing consistent product information. The solution enables organizations to collaborate amongst internal and external stakeholders responsible for specific product lifecycle processes.
Quadrant Knowledge Solutions’ Product Lifecycle Management (PLM) market research includes a detailed analysis of the global market regarding emerging technology trends, market trends, and future market outlook. This research provides strategic information for technology vendors to better understand the existing market and support their growth strategies; and for users to evaluate different vendors’ capabilities, competitive differentiation, and market position.
The research includes detailed competition analysis and vendor evaluation with the proprietary SPARK Matrix analysis. SPARK Matrix includes the ranking and positioning of leading Product Lifecycle Management (PLM) vendors with a global impact. SPARK Matrix also includes an analysis of vendors, including Aras, Autodesk, Dassault Systemes, Oracle, Propel, PTC, SAP, and Siemens.
According to Ignatius Daniel, Analyst at Quadrant Knowledge Solutions, “PLM platforms support all phases of the product lifecycle, from conceptualization to retirement. The PLM platforms have evolved to support complex smart products and processes with their integrated data management, distributed collaboration, and enterprise integration capabilities across industry verticals. The current PLM offerings cater to a dynamic market by integrating the latest technologies such as digital twin, IoT analytics, additive manufacturing, and augmented & virtual reality (AR/VR) into the PLM platforms.”
