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This section provides an overview for product lifecycle management services as well as their applications and principles. Also, please take a look at the list of 16 product lifecycle management service manufacturers and their company rankings. Here are the top-ranked product lifecycle management service companies as of December, 2024: 1.Chetu Inc, 2.PTC.
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Product lifecycle management (PLM) service is a comprehensive system designed to manage and optimize the entire lifecycle of a product from its inception through design and manufacturing, to service and disposal. It serves as a central hub for managing vital information and processes across different stages of product development, thereby enhancing product quality, development speed, and efficiency.
PLM services also play a crucial role in ensuring standardization and compliance with industry regulations.
PLM services are invaluable across various industries, particularly those looking to strengthen their manufacturing processes and product management:
Electrical equipment manufacturers leverage PLM to automate and refine design and production processes for both mass-produced and bespoke products.
PLM aids precision equipment manufacturers in managing maintenance parts efficiently, significantly reducing the time spent on parts lists and data management.
Moreover, PLM is increasingly applied in infrastructure equipment and plant maintenance, enhancing maintenance efficiency and equipment stability through operational monitoring and management.
PLM systems centralize and streamline the management of the entire product lifecycle:
At its core, PLM involves centralizing all product-related data, from design and manufacturing to sales and maintenance, enabling easy data access, reuse, and efficient communication during design modifications.
PLM offers tools for managing the workflows of product development, including project and resource management, allowing for real-time task progress tracking and resource allocation.
PLM supports collaboration among various internal and external stakeholders, ensuring that all parties have access to the latest information and facilitating seamless information exchange.
Especially crucial in regulated industries, PLM helps ensure products meet all relevant regulations and standards, aiding in the generation of necessary compliance documentation.
The concept of PLM evolved from the need to manage the growing complexity and volume of data in product manufacturing. Originating from product data management (PDM), which focused on managing technical data, the scope of PLM expanded to include data sharing across all departments involved in the product lifecycle, responding to the global diversification of customer needs. PLM integrates information across design, production, procurement, logistics, sales, and maintenance, enhancing design efficiency through AI and facilitating system integration via standard programming languages.
*Including some distributors, etc.
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Infor is headquartered in New York City, New York, USA, and is a developer and distributor of cloud software products that was originally established in 2002 before being acquired by Koch Industries in 2020. The company’s products facilitate interconnectivity, optimize business processes, and improve integration with industry specific tools. Their software offerings include various operating systems (OS), software suites, and AI-driven analytics programs. The company offers implementation assistance, product optimization, and consultation services. It mainly serves clients in the healthcare, hospitality, and public sectors.
Neeltran, which stands for New Energy Transformer and Rectifiers, is headquartered in New Milford, Connecticut. The company is now a part of AMSC and is an ISO-9001-2015 certified designer and manufacturer of its own rectifier transformers and DC rectifiers to customers around the world across diverse industries including aerospace, mining, and petrochemicals. In addition to transformers and DC rectifiers, the company produces reactors and inductors, and turn-key solutions. The company also offers repair, retrofit, rewind, and remanufacturing of rectifiers and transformers.
Siemens USA was established in Washington D.C. in 1988, and is the American branch of Siemens AG, the German manufacturer, supplier, and distributor of automation, electrification, and digitalization products established in 1847. The company’s extensive product portfolio includes smart infrastructure products, power generation and transmission products such as gas turbines and transformers, and medical imaging as well as laboratory diagnostics products such as CT scanners and MRI machines. It also offers mobility products and automation management software. The company operates throughout North and South America, and is certified to ISO 9001, ISO 14001, ISO 27001, and OHSAS 18001 standards.
Oracle Corporation, founded in 1977 and headquartered in Austin, Texas, is an American multinational technology manufacturer, specializing in database software, cloud infrastructure, and enterprise software solutions. Oracle provides solutions through Oracle Cloud Infrastructure (OCI) and Oracle Cloud Applications. OCI is a global cloud data center infrastructure spread across 44 interconnected geographic regions for commercial and government purposes. Oracle Cloud Applications offer a suite of software-as-a-service (SaaS) applications, including enterprise resource planning (ERP), enterprise performance management (EPM), supply chain management (SCM), customer relationship management (CRM), and human capital management (HCM) software. Oracle caters to industries such as finance, healthcare, and manufacturing.
ARC Advisory Group was founded in 1986 in Dedham, USA is a supplier of information, research, and consulting services related to industrial, energy, and market infrastructure technologies. It provides critical market guidance and data necessary for recognizing, creating, and profiting from successful business strategies.Its strategic consulting services cater to industrial, energy, and infrastructure organizations, as well as investors and technology providers, offering answers to specific and business-critical questions. It offers STAR (Solutions that Accelerate Results) services designed to guide, educate, and logically drive actions. It also provides services tailored to technology end-users, technology providers, financial institutions, executive events, and more.
Chetu Inc, founded in 2000 in Florida, USA is a software development company that is provider and supplier of customized technology solutions. The company delivers interoperable, scalable, flexible, and mobile applications for various industries. Its mobile app developers specialize in creating software for mobile systems and devices such as Apple, Android, and Windows. Its AG Tech solutions encompass technologies that transform industries like agriculture, livestock farming, and aquaculture. It also offers software for food and beverage service management, integrated with POS systems. It also provides software solutions for the travel, oil, and gas industries, among others.
Maya HTT Ltd., founded in 1982 with headquarters in Montreal, Quebec, Canada, is a manufacturer of industrial software applications and simulation suites. The company's software products offer solutions that include computational fluid dynamics, data analytics, product life cycle management, additive manufacturing, and electromagnetic simulation. It also offers digital services that include the Internet of Things (IoT), 3D design, and process simulation. The company serves various industries, including aerospace, defense, automotive, transportation, and construction.
Dassault Systemes, a technology company established in 1981 in France, is a supplier of the 3DEXPERIENCE (3DX) business and innovation platform and virtual software solutions. The company’s SaaS provides individuals, commercial, industrial, and research organizations with a real-time visualization of their business activity and ecosystem. Dassault Systems' core business is the provision of 3D design software, 3D digital mockups, and product lifecycle management. The 3DX cloud-based platform is available with options that include computer-aided design, project management solutions, and three-dimensional rendering. Dassault Systemes' software is used in the architecture, consumer products, lifestyle, and industrial equipment markets, among many others.
Aloha Technology, founded in 2003 and located in Pune, Maharashtra, is a supplier and manufacturer specializing in R&D outsourcing and end-to-end product development. It offers a range of services, including application development, cloud computing, enterprise application testing, and product lifecycle management. The company serves various industries, including retail, healthcare, telecommunication, business Intelligence, and CRM. It is considered an IT outsourcing partner by independent software vendors (ISVs) and boasts a global workforce comprising application developers, designers, computer scientists, engineers, and subject matter experts.
IMAGINiT Technologies, established in 1986 in Owings Mills, MD, USA, is a technology utilization company and manufacturer specializing in the integration of new technology usage. Its services include BIM and CAD management, CFD consulting, FEA simulation, software development, and more. ARCH and BUS provide solutions for real estate, infrastructure, and facility management worldwide. ARCH iBUS Healthcare Compliance enables organizations to measure, assess, and improve compliance with requirements. Imaginit products help companies gain a competitive advantage through technology, software development, professional services, training, and support.
PTC, established in 1985, is a global software provider of industrial Internet of Things (IoT) and augmented reality (AR) solutions headquartered in Boston, Massachusetts, USA. Their product portfolio includes ThingWorx, an IoT platform, and Vuforia, an AR platform. These solutions serve industries such as manufacturing, aerospace, automotive, and healthcare, enabling digital transformation and optimizing operational efficiency. They hold certifications such as ISO 9001 for quality management and ISO 27001 for information security management.
Siemens EDA is an American distributor of integrated circuit (IC) as well as printed circuit board (PCB) design and verification software that was established in 1981 as a subsidiary of the German company Siemens AG. Based in Wilsonville, Oregon, the company offers emulation, simulation, layout, wire harness, and design-for-manufacturing software tools for use in conceptualizing and testing various IC or PCB mockups. This saves time in the prototyping and troubleshooting stages of their production processes, increasing efficiency while reducing risk of cost overages. Siemens EDA chiefly serves clients in the semiconductor, aerospace, defense, and consumer electronics sectors.
SAP, founded in 1972 and headquartered in Newtown Square, Pennsylvania, is a software solutions supplier specializing in SAP, an enterprise resource planning (ERP) software. The company's product portfolio includes cloud ERPs, business technology platforms, artificial intelligence, supply chain management, and CRM and customer experience. These products are applicable in various industries, including automotive, banking, consumer products, retail, and the gas and energy industry. The company also provides customer services, including SAP Enterprise Support, Foundational Support, and customized solutions. The company has employees from over 157 countries, global partner companies, and development locations globally.
T-Systems International GmbH was founded in 2000 and is headquartered in Frankfurt, Germany, as an IT service provider and supplier of digital services. The extensive range of services encompasses the secure operation of conventional IT infrastructures, the transition to private and public cloud environments offered by hyperscalers, and the administration of hybrid and multi-cloud infrastructures. T-Systems incorporates tailored platforms, business-specific applications, and cutting-edge technologies such as artificial intelligence (AI), big data, and blockchain into these infrastructures.
Transition Technologies PSC was founded in 1991 in Poland and is a technology and digital solutions provider and supplier. The company's experts are skilled in areas such as CLOUD, Internet of Things, augmented reality and product lifecycle management. It actively engages in and the Internet of Things while being involved in three projects within international consortia under the H2020 program. It is engaged in digital technology to deliver solutions tailored to the specific needs of various industries, including automotive, machinery, heavy equipment, consumer goods, energy, media, and more.
Ranking as of December 2024
Derivation Method| Rank | Company | Click Share |
|---|---|---|
| 1 | Chetu Inc |
40.0%
|
| 2 | PTC |
40.0%
|
| 3 | SAP |
20.0%
|
Derivation Method
The ranking is calculated based on the click share within the product lifecycle management service page as of December 2024. Click share is defined as the total number of clicks for all companies during the period divided by the number of clicks for each company.Number of Employees
Newly Established Company
Company with a History
*Including some distributors, etc.
*Including some distributors, etc.
| Country | Number of Companies | Share (%) |
|---|---|---|
|
United States of America
|
6 | 100.0% |
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Future Architect Co., Ltd.
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■Summary Since entering the PDM/PLM industry in 1995, at the dawn of PDM implementation in Japan, we have been involved in the introduction of PDM/...
Esis Co., Ltd.
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■Summary ・Traceability can be easily done using a smartphone. - Easily support electronic manifests using your smartphone. ・Reports of waste and ...
