Product lifecycle management market to reach $12 bln in 2006

The product lifecycle management (PLM) market is forecast to reach nearly $12 bln in 2006, up 14% since 2004. Spending on PLM software and services rose 13% to $10.

The product lifecycle management (PLM) market is forecast to reach nearly $12 bln in 2006, up 14% since 2004. Spending on PLM software and services rose 13% to $10.4 bln in 2005, resulting from strong investments by technology enterprises to spur innovation, according to Daratech.