Global Cloud Product Lifecycle Management Market To Grow By $16.65 Billion During 2021-2025

 

Global Cloud Product Lifecycle Management Market

(PC: prnewswire.com)

As per Technavio’s latest market research report, the global cloud product lifecycle management market will grow at a CAGR of 15.96%. It is estimated to increase by $16.65 billion during 2021-2025 in the Systems Software industry. The report further states that the market is fragmented, and the degree of fragmentation is expected to accelerate during this forecast period. The main players are Accenture PLC, Apparel Magic, Aras Corp., Autodesk Inc., Dassault Systemes SE, Infor Inc., Oracle Corp., PTC Inc., SAP SE, and Siemens AG.

This growth will be a result of the reduction in IT expenditure, increased demand for large-scale product management, and rising requirements for remotely accessible product lifecycle management solutions. Given these opportunities, market vendors should work on strengthening their foothold in the fastest-growing segments while keeping their positions in the slow-growing segments.

 To know more details, click this link.

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