The report, now available on ASDReports, recognizes the following companies as the key players in the Global PLM Market in the Aerospace and Defense Sector: Autodesk, Dassault Systemes, PTC and Siemens PLM Software
Other Prominent Vendors in the market are: Ansys, Bentley, 3D Systems, Cadence, Cadonix, CD-Adapco, Graebert, Hexagon, IMSI/Design, IronCAD, Mentor Graphics, MSC, Numeca International, Oracle, SAP, Synopsys, and Zuken.
Commenting on the report, an analyst said: “IoT is the network of physical tangible objects, which are interconnected through technology and can communicate among themselves, and also with the internal and external environment. Thus, IoT is carried out by connecting devices with each other and also with their end-users’ communication devices.”
According to the report, increase in R&D, especially in EMEA is another major driver in the market. EMEA is the largest player in the global PLM market in the aerospace and defense industry and has several companies specialized in R&D in the industry.
Further, the report states that piracy issues of PLM software is a major challenge for vendors, leading to a decrease in their revenue.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.