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The product lifecycle management (PLM) market is growing at a rapid rate compared to its enterprise application peers. Growth in software license revenue (excluding maintenance) is expected to grow from $1.9bn worldwide in 2006 to $4.1bn in 2012, at a compound annual growth rate of just over 13 percent. Leading this charge will be the discrete manufacturing industry, which looks set to make significantly more of an investment in PLM than the batch and process industries.
Source: CBR Online, http://cbronline.com
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