DUBLIN–(BUSINESS WIRE)–Research and Markets has announced the addition of the “Cloud-Based PLM Market – Global Forecast to 2021” report to their offering. The cloud-based PLM market size is estimated to grow from USD 18.65 billion in 2016 to USD 40.55 billion by 2021, at an estimated Compound Annual Growth Rate (CAGR) of 16.80% from 2016 to 2021.The cloud-based PLM market is driven by factors such as increased adoption of cloud technology by Small and Medium Enterprises (SMEs) and the enterpr