Report ID: SQMIG45E2204
Report ID:
SQMIG45E2204 |
Region:
Global |
Published Date: November, 2024
Pages:
157
|
Tables:
98 |
Figures:
76
Product Lifecycle Management Market Drivers
Increasing demand for efficient product development and innovation
Product Lifecycle Management Market Restraints
Implementation and integration complexities
PLM implementations can be complex and require a significant investment of time, resources, and expertise. Integrating PLM systems with existing enterprise resource planning (ERP) or manufacturing execution systems (MES) can pose challenges, particularly for large organizations with legacy systems. These complexities can sometimes hinder the adoption of PLM solutions, especially for small and medium-sized enterprises (SMEs) with limited IT capabilities. For example, an engineering company facing difficulties in integrating their existing ERP system with a newly implemented PLM solution, leading to data inconsistencies and inefficiencies in the product development process.
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Report ID: SQMIG45E2204