The Spending Outlook for Product Life Cycle Management
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Online News published in DMReview.com
December 19, 2001 |
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With increased product complexity, increased customer demands around product performance, and correspondingly decreased product life cycles, manufacturers are being pressured to deliver better products cheaper and faster. Amd that means companies will be spending more money on enterprise and product data management, predicts IDC. According to a new study, the product life cycle management (PLM) services market is revving up as companies continue to seek broader market uptake of PLM-related solutions. The activities being sought by firms include functional design, collaborative product commerce (CPC), technology infrastructure build-out for supply chain management (SCM) and customer relationship management (CRM), and enterprise/product data management (PDM).
"This scenario represents a substantial market opportunity for services firms," says Ting Piper, program manager with IDC's Supply Chain Services research. Discrete PLM services revenues reported by the surveyed companies ranged from $34 million to $209 million for fiscal year 2000, IDC's research reveals. From a regional perspective, the Americas had the largest revenue percentage dedicated to PLM services followed by Europe, the Middle East and Africa, and Asia/Pacific. The majority of PLM revenue by services activity was focused around systems integration and consulting, with only minor participation in custom application development, operational outsourcing, support, and training.
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