The defense, aerospace, and industrial equipment industries have been the major targets of product lifecycle management (PLM) service providers for long, given the fact that clients are no longer satisfied with basic installation services and are looking for more advanced solutions such as project or program management and supply chain management. However, the demand for PLM software from non-traditional end-use sectors has risen in recent years, with the fashion industry topping the list. The adoption of 3D technologies and smart fabrics by leading fashion houses, for instance, has spurred the demand for a more streamlined product development process. Product lifecycle management offers organizations innumerable benefits, including improvement in product quality, enhancement of product reliability, and product cost minimization.
Persistence Market Research helps clients match market demands by zeroing in on the key growth prospects and identifying the multiple challenges faced by companies dealing with PLM software and solutions. The impact of globalization, innovation, digitization, and mass customization is studied in a way that empowers clients to be ahead of the game.