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Product Lifecycle Management (PLM) is a software-based system that helps organizations manage the entire lifecycle of a product from its conception and design to its manufacture, distribution, and service. It is used to streamline processes, improve collaboration, and increase efficiency. PLM software helps companies manage product data, automate processes, and track changes throughout the product lifecycle. It also helps companies manage product costs, reduce time to market, and improve product quality.
PLM software is used by a variety of industries, including automotive, aerospace, consumer goods, electronics, and medical device manufacturing. It is also used by companies in the retail, energy, and financial services sectors.
Some companies in the PLM market include Autodesk, Dassault Systèmes, Siemens PLM Software, Oracle, PTC, and SAP. Show Less Read more