Product Lifecycle Management Market size, growth rate, and opportunities by 2026 | SAP SE, IBM Corporation, Dassault Systems, Atos SE, Autodesk, PTC, Siemens AG, Accenture PLC, Hewlett-Packard, Aras Corporation

Global Product Lifecycle Management (PLM) Market is valued approximately USD 55.46 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 8.31% over the forecast period 2019-2026.

Product Lifecycle Management (PLM) helps in managing complex product development procedures to develop cost-effective, competitive and high-quality products. Growing adoption for improving production efficiency is one of the major factors responsible for the high CAGR of the market. Rising development management and new product introduction is the factor that offers growth opportunities. Also, growing adoption by numerous sectors is the factor that contributes towards the growth of the global Product Lifecycle Management (PLM) market. Further, rising need for innovative, cost-effective and time-saving product management process that regulates their demand across various regions. However, the high cost of PLM and complex operational process are the factors anticipated to limiting the market growth during the forecast period.

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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

Major market player included in this report are:
SAP SE
IBM Corporation
Dassault Systems
Atos SE
Autodesk Inc.
PTC Inc.
Siemens AG
Accenture PLC
Hewlett-Packard
Aras Corporation
Arena Solutions Inc.

The regional analysis of global Product Lifecycle Management (PLM) market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to growing investment in R&D for product innovation along with the presence of improved IT infrastructure in the region. Europe contributes a satisfactory growth in the global Product Lifecycle Management (PLM) market during the forecast period. Asia-Pacific is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2019-2026 due to increasing adoption of cloud-based solutions across the region.

The detailed segments and sub-segment of the market are explained below:

By Type:

Software
Services

By Application:

Automotive & Transportation
Aerospace & Defense
Industrial Machinery & Heavy Equipment
Electronics & Semiconductor
Energy & Utilities
Consumer Product & Retail
Medical Devices & Pharmaceutical
IT & Telecom
Others

By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

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This release was published on openPR.