The six distinct sectors in PLM market that are evolving are: -

• Portfolio Management

• Program Management

• Collaborative Design

• Product Data Management

• Manufacturing Process Management

• Service and Support Management

Each of the above individual sector has its unique opportunities

• In Portfolio Management, Tier One customers require better resource allocation to their most promising development prospects

• In Collaborative Design, customers value product simulation tools which can help them minimize physical prototyping

• For Manufacturing Process Management, companies are looking towards true digital manufacturing, which can help them accelerate time to market at lowest possible cost