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 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.
The Global Product Lifecycle Management Market Report, published by Emergen Research, is an all-encompassing study of the Product Lifecycle Management market, which emphasizes the estimated market size, share, value, volume, and futuristic outlook. The report details the major products and application ranges available in this market, highlighting the revenue, price, sales, production, growth rate, and market share of each segment and sub-segment. The essential market presented in the report in a tabular format is aimed at helping readers interpret the global market dynamics.
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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 upcoming 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 lucrative 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 of 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 (U.S., Canada)
- Europe (U.K., 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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