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TECH SUPPLIER Jul 2019 - Market Analysis Perspective - Doc # US44964619

Market Analysis Perspective: Worldwide Product Life-Cycle Management Software, 2019

By: Jeffrey HojloProgram Director, Product Innovation Strategies

On-line Presentation

Abstract

This IDC Market Analysis Perspective (MAP) provides the current trends, opportunities, and future outlook for the worldwide product life-cycle management (PLM) software market for 2019 and the foreseeable future. This document includes key recommendations for success in this market, whether you are a vendor or an end user of the software and related technologies.

"As part of the need for manufacturers to move rapidly, a greater understanding of customer behavior, product/service usage, and feedback must be considered during ideation, design, and development. This is expanding the focus for product managers, R&D, and engineering across the life cycle to the commercialization process and back, so that post-launch knowledge can be continually applied in existing and new products and services. In addition, manufacturers will move to consider applying AI and machine learning (ML) to collaborative innovation to take advantage of streams of data from connected products and processes," said Jeff Hojlo, program director, Product Innovation Strategies.


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