The Product Lifecycle Management (PLM) market size was USD 27.50 Billion in 2021 and is expected to register a revenue CAGR of 8.2% during the forecast period, according to the latest analysis by Emergen Research. Increasing focus on developing groundbreaking smart products is a key factor driving revenue growth of the market. In addition, increased efficiency in marketing offered by PLM systems is a major trend that is expected to drive revenue growth of the global market. Product Lifecycle Management (PLM) helps organizations to develop and introduce new products in the market. This software makes it easy to track and share data along with the product value chain, from initial design through manufacturing, supply chain management and operations, and asset maintenance. PLM plays a critical role in helping manufacturers to develop the next generation of products, at a lower cost and with a faster time to market. PLM, provides a collaborative environment for teams to discuss and resolve issues at an early stage. It allows product information to move effortlessly between teams and data to be accessed from any platform around the world.

Emergen Research's latest market report, titled 'Global Product Lifecycle Management Market', is an all-inclusive study of the global Product Lifecycle Management industry that accurately forecasts the current and future trends of this business sphere. The research report provides the reader with an in-depth interpretation of the Product Lifecycle Management market dynamics and the crucial drivers, opportunities, threats, and challenges expected to impact the potential market development. The report defines the key business strategies, demand and supply ratios, leading regions, and the renowned market players. Besides offering a futuristic outlook of the Product Lifecycle Management industry, the latest study focuses on the leading products and services offered by this market. It also emphasizes the revenue share, pricing structure, sales & distribution, and production and the estimated growth rates of each market segment.

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Key companies operating in the Product Lifecycle Management market include:

Siemens AG, Oracle Corporation, Dassault Systemes, Autodesk, Inc., Aras Corporation, IBM, Kalypso, Accenture, Bamboo Rose and Propel

Key market aspects studied in the report:

Market Scope: The report explains the scope of various commercial possibilities in the global Product Lifecycle Management market over the coming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of profitable strategies for business expansion.

Key Benefits of the Report:

  • Comprehensive analysis of the competitive scenario and its changing dynamics
  • Analytical data with detailed SWOT analysis and Porter's Five Forces analysis
  • In-depth 8-year analysis of the Global Product Lifecycle Management Market
  • Critical understanding of the key market segments
  • Comprehensive analysis of the drivers, restraints, trends, and opportunities
  • Detailed regional analysis and extensive company profiling
  • Extensive assessment of current and emerging trends in the market

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Product Lifecycle Management Market Segmentation:

  • Deployment Mode Outlook (Revenue, USD Billion; 2019–2030)

    • Cloud
    • On-Premises

  • Software Outlook (Revenue, USD Billion; 2019–2030)

    • Portfolio Management
    • Simulation & Change Management
    • Quality Management
    • Manufacturing Operations Management
    • Design & Engineering Management
    • Others

  • End-Use Outlook (Revenue, USD Billion; 2019–2030)

    • Automotive & Transportation
    • IT & Telecom
    • Aerospace & Defense
    • Others

 

Product Lifecycle Management Market Segmentation by Regions:

  • North America (US, Canada)
  • Europe (UK, Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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