Strong PLM Market Seen Currently Held in Check by Global Economic Downturn

But powerful underlying economic trends will continue to drive growth in sales of product lifecycle management solutions, ARC projects; services seen growing faster than software


Dedham, MA — July 3, 2009 — Powerful underlying economic trends are continuing to drive the growth in sales of product lifecycle management (PLM) solutions, but the current global economic downturn which will hold down all market growth for PLM at least through 2009, according to a new ARC Advisory Group study.

Demand for increased efficiency and productivity, a continuing need for collaboration across a global manufacturing lifecycle, the rapidly growing need for product reinvention and innovation, the continued growth of manufacturing in emerging economies, and expanding adoption of an a more holistic end-to-end product lifecycle management (PLM) solution set will contribute to continued growth in the worldwide PLM market, ARC writes.