The Global Market for Product Lifecycle Management (PLM) is Projected to Reach US$65.8 Billion by 2022
Critical Importance of Disruptive Product Innovation Makes Product Lifecycle Management Indispensable to Modern Enterprises, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Product Lifecycle Management (PLM) market. The global market for Product Lifecycle Management (PLM) is projected to reach US$65.8 billion by 2022 , driven by the growing focus on disruptive product innovation and the ensuing need for technology solutions that help align product development processes, systems and investments with business objectives. The modern market and business environment is rapidly changing. While innovation has always been the key to business success, in the current volatile and tough economy, disruptive innovation is what brings real success in the marketplace. The economic importance and value of disruptive innovation is growing by lea...