Gartner Predicts 2011: Manufacturers Revamp and Enhance Product Life Cycle Management Strategies

New Report by Leading Technology Analyst Firm Predicts Strong Increase in Alternative Licensing Models for Global PLM Market.

ANDOVER, Mass. and Solothurn, Switzerland - Aras®, the leading enterprise open source Product Lifecycle Management (PLM) software solution provider, today announced the availability of a new report from Gartner, a leading technology analyst firm, outlining 2011 predictions for the manufacturing industry. The report, Gartner Predicts 2011: Manufacturers Revamp and Enhance Product Life Cycle Management strategies, predicts strong increase in alternative licensing models for global PLM market over the next five years.

Key findings include:

* “A growing number of Gartner clients are frustrated by the high cost of purchasing, deploying and upgrading PLM software.”
* “PLM software companies with "open source" and "SaaS" business models are becoming more visible and are gaining more traction. For example, Aras has gained greater visibility and acceptance since 2008.”
* “By YE16, more than 33% of the PLM software market will adopt licensing and support other than paid-up licensing. “
* “Open-source PLM and PLM software as a service will grow as manufacturers increasingly seek alternatives to the high cost of today's paid-up license models.”