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The Cloud PLM (Product Lifecycle Management) market is a subset of the larger cloud computing and storage industry. It is a software-as-a-service (SaaS) platform that enables companies to manage the entire product lifecycle, from design and development to manufacturing and distribution. It provides a centralized platform for product data, allowing companies to collaborate and share information across the entire product lifecycle. It also enables companies to track and manage product changes, as well as manage product costs and quality.
The Cloud PLM market is growing rapidly, driven by the increasing demand for cloud-based solutions and the need for companies to streamline their product lifecycle processes. Companies are increasingly turning to cloud-based solutions to reduce costs, improve efficiency, and increase collaboration.
Some of the major players in the Cloud PLM market include Oracle, SAP, IBM, Dassault Systemes, PTC, and Siemens. Show Less Read more