Market Research Report
Quality and Lifecycle Management Software Market by Solutions, by Deployment Modes - Global Forecast to 2019
|Published by||MarketsandMarkets||Product code||311706|
|Published||Content info||123 Pages
|Quality and Lifecycle Management Software Market by Solutions, by Deployment Modes - Global Forecast to 2019|
|Published: August 30, 2014||Content info: 123 Pages||
Quality and lifecycle management market in this report is defined as the software that enables an organization to manage all the aspects of their product development process, from initial idea to its retirement and disposal. QLM software supports the collaborative creation, management, dissemination, and use of product. QLM focuses and spreads all the information of product across the company and its extended enterprise throughout the span of product. The middleware market is segmented into product types, company size, deployment types, verticals and regions.
The QLM software market is rapidly growing with a major contribution from SMB deployments. These solutions provide level playing fields across various verticals in aerospace and defense, IT and telecom, manufacturing, consumer goods and retail, healthcare and life science, hospitality and transportation and other verticals.
The quality and software lifecycle management market is split into four segments on the basis of company size, namely small and medium businesses, enterprises and large enterprises. Enterprises will comprise the highest market share. However, the revenue from small businesses is expected to witness the highest growth rate as a result of the decreasing cost of cloud based deployments and advancements in technology to cater to the needs of smaller organizations.
The Y-o-Y growth rates of hosted deployments are expected to be the highest throughout the forecast period. The major reason being the cost of implementing an on-premise deployment is still quite high. Thus most organizations prefer to have a cloud deployment to cut down on complexities and at the same time utilize the benefits of hosted deployments to the fullest.
MarketsandMarkets expects that automotive and transport vertical will account for the largest market share throughout the forecast period. However, there are few revenue pockets, namely aerospace and defense, IT and telecom, manufacturing, consumer goods and retail, healthcare and life science, hospitality and transportation and other verticals will witness significant growth in this period.
There are various assumptions that we have taken into consideration for market sizing and forecasting exercise. Few of global assumptions include political, economic, social, technological and economic factors. For instance, exchange rates, one of the economic factors, are expected to have a moderate rating of impact on this market.
The report will help the market leaders/new entrants in this market in the following ways -