Lewes, DE -- (SBWIRE) -- 01/22/2016 -- Report forecast the global PLM market in the electrical and electronics industry to grow at a CAGR of 8.98% during the period 2016-2020.

Consumers nowadays prefer to access internet facilities on the go, without time and location constraint. Since these facilities are well supported by tablet OS and smartphones, with an enhanced HD viewing experience on a small screen and web surfing capability, the production of smartphones and tablets is on the rise. Thus, the increasing production of tablets and smartphones is leading to the growth of the PLM market in the electrical and electronics industry.

The report covers the present scenario and the growth prospects of the global PLM market in the electrical and electronics industry for the period 2015-2020. To calculate the market size and the vendor share, the report considers both the direct revenue and the indirect revenue of the vendors, which includes VARs and distributors.

According to the report, communication, coordination, and collaboration are three important processes of a globally dispersed enterprise. PLM solutions such as cPDM enable effective collaboration among various departments that plan, design, manufacture, and support a product throughout its life cycle. Product outlining is an important component in the overall manufacturing process.

Further, the report states that piracy issues of DM software is a major challenge for vendors, leading to a decrease in their revenue.

Global PLM Market in the Electrical and Electronics Industry 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global PLM Market in the Electrical and Electronics Industry: Ansys, Autodesk, Cadence Design Systems, Dassault Systèmes, Mentor Graphics, PTC, Siemens PLM Software and Synopsys

Other Prominent Vendors in the market are: Bentley, 3D Systems, GstarCAD, Cadonix, CD-Adapco, Graebert, Hexagon, IMSI/Design, IronCAD, MSC, Numeca International, Oracle, SAP, and Zuken.

Market driver
- Effective collaboration among various business units
- For a full, detailed list, view our report

Market challenge
- Threat of pirated software
- For a full, detailed list, view our report

Market trend
- Increased support for multitasking in NC software
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 98 pages and 41 Exhibit "Global PLM Market in the Electrical and Electronics Industry 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Market segmentation by product, Geographical segmentation, Americas, EMEA, APAC, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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