Published: 05 July 2022
The market for product life cycle management solutions is going through a scope and technology transition. This Market Guide describes the transition, identifies vendor choices, and illustrates how vendors address the evolving needs of CIOs and PLM users.
Large, well-established product life cycle management (PLM) vendors with broad software platforms are being challenged by fast-moving, newer PLM vendors capitalizing on technology advances.
Managing technical product data for product development remains essential to PLM software. However, business roles needing PLM have broadened to those making manufacturing, customer experience, product service and strategic decisions about product portfolios.
The changing nature of products demands that PLM software evolves by building on technologies such as cloud, Internet of Things (IoT), composability and model-based system engineering (MBSE).
CIOs of discrete manufacturing firms seeking to modernize PLM capabilities that accelerate product innovation must:
Decide between
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Analysts:
Christian Hestermann, Marc Halpern, Rick Franzosa, Alexander Hoeppe
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