With regulations varied across industries and countries (not to mention across states, in some cases), manufacturers - particularly those that build and sell product on a global basis - are faced with a logistical nightmare: to aggregate and track all the required data and produce reports that establish and track compliance. Manufacturers of cell phones or computers that sell product in Europe or China, for example, need to meet recycling targets as part of the European Union's new WEEE (Waste Electrical and Electronic Equipment) regulations. Eventually, they will need to comply with guidelines established by RoHS (Restriction of Hazardous Substances).
Automobile companies are facing similar concerns brought on by the End of Life Vehicle Directive (ELV). Medical device makers are looking at electronic signature requirements resulting from the Federal Drug Administration's CFR Part 11 compliance, and the list goes on. All these factors are going to act as major drivers for the sales of Environmental & Regulatory Compliance (ERC) PLM solutions.
The report forecasts the market size of ERC PLM over the period 2007-2010. Further, the total market is segmented into various geographic regions and verticals. The report also presents market size for major countries in various regions. In addition, the report identifies key selling drivers for the ERC PLM for major verticals.
This report can help IT vendors identify target geographies and verticals. Further, the sales drivers can be used to penetrate the identified vertical or increase the current share of the customer's wallet.
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