Many manufacturing companies need PLM software to deal with their functional levels
of product designing, design engineering, and manufacturing. The growing product
complexity and the increase in product portfolio across organizations have led to the
emergence of PLM software and services. PLM software caters to the need for
managing products in terms of servitization. It offers solutions to the production
process across industries. The implementation of PLM software in an organization
provides higher revenue, reduce cost, and capital efficiency.