Research and Markets: The North American Product Lifecycle Management Software Market to Grow At A CAGR of 7.4 Percent over the Period of 2010-2014

Research and Markets has announced the addition of the "North American Product Lifecycle Management Software Market 2010-2014" report to their offering.

Product Lifecycle Management Software Increasingly Integrated With Enterprise Applications in North America

Research conducted by TechNavio reveals that the Product Lifecycle Management (PLM) Software market in North America is expected to grow at a CAGR of 7 percent. TechNavio's report, which focused exclusively on North America, indicates that the market is currently being driven by the need to accelerate the time to market of products.

Enterprises face many delays in launching a product as a result of issues with suppliers, manufacturers, and service providers. By implementing PLM software, several North American enterprises have been effectively executing multiple lifecycle tasks simultaneously. This has also aided in streamlining critical stages of production, reports a TechNavio analyst.

In spite of the demand for PLM software in North America, the threat from open source vendors is hindering the growth of this market. However, the increased revenue benefits are expected to drive the market. Moreover, the PLM market in North America is witnessing growing integration of enterprise applications with PLM software.

These are just some of the important findings presented in the report that will enable companies to fully understand the potential in this market and formulate their own strategies.

The report, Product Lifecycle Management Software Market in North America 2010-2014, is based on extensive research conducted with industry experts, vendors, and end-users. It examines the key trends, drivers, and challenges impacting the evolution of this market.

One of the key factors contributing to this market growth is the minimization of operational cost through the adoption of PLM software. The North American PLM Software market has also been witnessing integration of enterprise applications with PLM software. However, the high cost of implementation and issues regarding integration with enterprise applications could hinder the growth of this market.

Key vendors dominating this market space include Dassault Systems, Siemens PLM, PTC, and Oracle.

TechNavio's North American Product Lifecycle Management Software Market 2010-2014 report has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report focuses on North America and covers the North American Product Lifecycle Management Software market landscape and its growth prospects. The report also includes a discussion on the key vendors in this market.

For more information visit http://www.researchandmarkets.com/research/9f07f4/north_american_pro