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Global Product Lifecycle Management Market Analysis To 2027 Leading Players Autodesk, Dassault Systèmes, Infor, Oracle, PropelPLM, PTC, SAP SE, Accenture, Arena Solutions
Global Product Lifecycle Management Market
Some of the leading players in global product lifecycle management market are Accenture plc, Arena Solutions, Inc, Autodesk Inc., Dassault Systèmes, Infor, Oracle Corporation, PropelPLM, Inc., PTC Inc., SAP SE
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The product lifecycle management (PLM) software manages the complete production of any product through design, inspection and manufacturing. Adoption of PLM significantly helps organizations with the complexity and engineering challenges in case of new product development. The current market landscape highlights the focus of key players in integrating innovative features in PLM to meet demand across industries. The product lifecycle management market is anticipated to witness robust growth on account of increasing adoption of digitalization and introduction of cloud technology to consolidate information across industries. Besides, product innovations and productivity enhancement are other important factors driving market growth. However, the high cost may hamper the overall growth of the product lifecycle management market.
MARKET SEGMENTATION:
The global product lifecycle management market is segmented on the basis of component and industry vertical. Based on component, the market is segmented as software and services. By component, the market is further sub-segmented as cloud-based and on-premise. On the other hand, service segment is further classified as implementation & integration services, consulting services, and support & maintenance services. On the basis of the application the market is segmented as automotive, aerospace and defense, electronics and semiconductor, it and telecom, healthcare, energy and utilities, and others.
The report analyzes factors affecting product lifecycle management market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the product lifecycle management market in these regions.
The reports cover key developments in the product lifecycle management market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from product lifecycle management market are anticipated to lucrative growth opportunities in the future with the rising demand for product lifecycle management in the global market. Below mentioned is the list of few companies engaged in the product lifecycle management market.
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