DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/aa5562/analysis_of_the_in) has announced the addition of Frost & Sullivan's new report "Analysis of the Indian Product Lifecycle Management (PLM) Market" to their offering.
"Analysis of the Indian Product Lifecycle Management (PLM) Market" provides an end-user analysis and technical overview of the PLM market. It also discusses the market drivers and restraints as well as the industry challenges faced by the participants. In this research, Frost & Sullivan's expert analysts thoroughly examine the following end-user markets:
- automotives and auto ancillary
- heavy engineering and industrial machinery
- aerospace and defense
- specialty chemicals
- pharmaceuticals
- consumer packaged goods
The comprehensive, objective information provided by the report allows your company to mitigate risk, identify new opportunities, and drive effective strategies for growth.
The automotive, heavy engineering, and industrial machinery sectors account for the major share of PLM sales in India, with the automotive and industrial machinery sectors being the fastest adopters. The majority of tier I original equipment manufacturers (OEMs) utilize PLM in their product management initiatives and on occasion, PLM has also been implemented by a few tier II OEMs and component suppliers to aid their module and assembly development operations. However, complete PLM implementations with all the three components of computer-aided design/computer-aided-engineering (CAD/CAE), lifecycle management, and digital manufacturing have been few, and mostly concentrated among large enterprises. Medium-sized enterprises are gradually shifting from traditional CAD components to include lifecycle data management capabilities, says the analyst of this research. Small-sized businesses, being largely CAD-centric and OEM-driven, are yet to completely appreciate the benefits of PLM.
Manufacturing companies' desire to streamline their product development process by utilizing a single enterprise-wide platform for product design is expected to go a long way in stoking demand for PLM. Further, companies are increasingly involving their non-engineering departments such as marketing and finance into the product development process to make their products more cost-efficient.
For more information visit http://www.researchandmarkets.com/research/aa5562/analysis_of_the_in