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Product Lifecycle Management (PLM) Market

Started by sabalevaishali Aug 26th, 2021 at 02:54
Posts: 1
Aug 26th, 2021 at 02:54
The Global Product Lifecycle Management (PLM) Market is estimated to value over USD 92.1 billion by 2028 finish at a CAGR of over 7.8% throughout the forecast from 2021 to 2028.
The product lifecycle management is a key responsibility of every organization. It is important to consistently improve the products that you offer and to add value to your customers.
In order for companies to maintain their products, they need a plan that covers all aspects of the product lifecycle from development, design, manufacturing, selling and support. PLM is the process of planning a new product's development from conception to distribution and end of life. It achieves this by gathering information about all the product's needs along its lifecycle in order to optimize a company's production.
The global market is expected to grow with appreciation of the platform technology that helps in managing customer-facing processes such as engineering design and quality control.

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« Last Edit: Aug 26th, 2021 at 02:59 by sabalevaishali »
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