What is the market size for the ?

. <a href='https://www.technavio.com/report/global-product-lifecycle-management-plm-electrical-and-electronics-industry-market'>Read More</a>

What is the CAGR for the ?

. <a href='https://www.technavio.com/report/global-product-lifecycle-management-plm-electrical-and-electronics-industry-market'>Read More</a>

What is the growth rate of the market?

. <a href='https://www.technavio.com/report/global-product-lifecycle-management-plm-electrical-and-electronics-industry-market'>Read More</a>

Which region held the largest market share in the market?

. <a href='https://www.technavio.com/report/global-product-lifecycle-management-plm-electrical-and-electronics-industry-market'>Read More</a>

Who are the prominent players in the market?

. <a href='https://www.technavio.com/report/global-product-lifecycle-management-plm-electrical-and-electronics-industry-market'>Read More</a>

Global PLM Market in the Electrical and Electronics Industry 2016-2020

Q: What is the market size for the ?

. <a href='https://www.technavio.com/report/global-product-lifecycle-management-plm-electrical-and-electronics-industry-market'>Read More</a>

Q: What is the CAGR for the ?

. <a href='https://www.technavio.com/report/global-product-lifecycle-management-plm-electrical-and-electronics-industry-market'>Read More</a>

Q: What is the growth rate of the market?

. <a href='https://www.technavio.com/report/global-product-lifecycle-management-plm-electrical-and-electronics-industry-market'>Read More</a>

Q: Which region held the largest market share in the market?

. <a href='https://www.technavio.com/report/global-product-lifecycle-management-plm-electrical-and-electronics-industry-market'>Read More</a>

Q: Who are the prominent players in the market?

. <a href='https://www.technavio.com/report/global-product-lifecycle-management-plm-electrical-and-electronics-industry-market'>Read More</a>

Published: Jan 2016
Pages: 98
SKU: IRTNTR8172

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Market outlook of PLM in the electrical and electronics industry

Technavio’s research analyst predicts the global product lifecycle management (PLM) market in the electrical and electronics industry to grow steadily at a CAGR of nearly 9% during the forecast period. Consumers nowadays prefer to access internet facilities on the go, without time and location constraint. Since these facilities are well supported by tablet OS and smartphones, with an enhanced HD viewing experience on a small screen and web surfing capability, the production of smartphones and tablets is on the rise. Thus, the increasing production of tablets and smartphones is leading to the growth of the PLM market in the electrical and electronics industry. For instance, during 2014, the unit shipment of smartphones was 1.22 billion and of tablets was 245.2 million units.

Increased ROI with the implementation of PLM software is also expected to boost the market growth during the forecast period. PLM software solutions, including cPDM, provide virtual product design, analysis, and digital manufacturing capabilities that bring maximum economic benefits. Every product undergoes a design phase before manufacture, thereby increasing the product's time-to-market.