With manufacturers looking to drive revenues rather than cut costs, the product is becoming the focus for more companies looking to establish dominance in their markets. PLM provides a solution to producing a better, cheaper and more compliant product. With a gradual evolution from PDM, greater functionality is being built into PLM solutions that are capable of providing significant benefits.
Scope of this report
- PLM software represents an approach to managing a single product from its initial concept, through design, to eventual retirement.
- Compliance to government regulation is an issue currently being faced by many manufacturers. PLM can help manage compliance to these regulations.
- PLM provides further opportunities to link enterprise applications with plant floor systems for greater visibility into manufacturing processes.
- Company profile: Agile is currently considered as one of the leading PLM vendors in the software vendor market by Datamonitor.
Research and analysis highlights
The market for PLM solutions is growing at a significant rate. Datamonitor predicts that by 2010 the global market for PLM software will reach $862.6 million. Companies facing regulations that have an immediate impact on the way they take a product to market are now ready to spend on PLM solutions that were not initially budgeted for.
To achieve further growth, Agile needs to break into new markets, consolidate its solution portfolio and monitor acquisition possibilities. While it has been strong on its acquistion strategy, it has been slow to enter new markets. However, its recent purchase of Cimmetry Systems could prove to be a turning point.
It is clear that PLM is becoming a highly sought after enterprise application and it appears unlikely that this situation will change in the near future. Agile is growing in response to this demand, but whether it is able to capitalize on the opportunities offered to it remains to be seen.
Key reasons to read this report
- Learn Datamonitor's independent opinion about the demand for PLM software.
- Discover Datamonitor's independent view on Agile's strategy for addressing the PLM software market
- Get to know the advantages of PLM software for the manufacturing industry.
With manufacturers looking to drive revenues rather than cut costs, the product is becoming the focus for more companies looking to establish dominance in their markets. PLM provides a solution to producing a better, cheaper and more compliant product.