Growing Automation in The Industries Is Likely to Spur the Growth of the Product Lifecycle Management Software Market
The product lifecycle management (PLM) software allows companies to systematically manage the lifecycle of the products. It has become an important part of the industry as it facilitates multi-disciplinary and geographically dispersed teams to collaborate strategically with the customers and partners using up-to-date information of the product. Increase in the use of Industrial IoT devices with growing adoption of industrial 4.0 is spurring the growth of the global product lifecycle