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).

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