openPR Logo
Press release

Product Lifecycle Management Market 2019-2024 Analysis and Predictions by Leading Manufacturers, Applications, Types & Forecast

11-18-2019 01:57 PM CET | IT, New Media & Software

Press release from: MarketsandMarkets™

Product Lifecycle Management Market

Product Lifecycle Management Market

Product Lifecycle Management Market report provides detailed synopsis about opportunities, competitive landscape, emerging technologies, key trends and dynamics.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=152565174

According to a new market research report "Product Lifecycle Management Market by Software (Collaborative Product Definition Management (cPDm) Software, Mechanical Computer Aided-Design Software (MCAD) and others), Service, Deployment, Organization, Vertical, and Region - Global Forecast to 2024" published by MarketsandMarkets™, Product lifecycle management Market to grow from USD 50.7 billion in 2019 to USD 73.7 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 7.8% during the forecast period.

Major factors expected to drive the growth of the product lifecycle management market include growing focus on developing ground breaking smart products and factories, increasing need to build product innovation platform would support product lifecycle management-enabled applications, and increasing demand for cloud-based product lifecycle management solutions for scalability and secure IT infrastructure.

Browse in-depth TOC on "Product Lifecycle Management Market”
134- Tables
36- Figures
168- Pages

Based on component, services segment to record a higher growth rate than the software segment during the forecast period

By component, the services segment is expected to grow at a higher rate than the software segment during the forecast period. The services segment has a significant influence on the product lifecycle management market growth. The demand for services is increasing with the growing adoption of product lifecycle management solutions by enterprises across significant application areas. Services are necessary for easy deployment, integration, and proper functioning of the software. The services segment has been further segmented into professional services and managed services. The professional services segment has also been classified into deployment and integration, consulting, and support and maintenance.

Among services, support and maintenance segment to grow at a higher rate than the deployment and integration, and consulting and advisory services segment during the forecast period

Support and maintenance services are crucial, as they directly deal with customer satisfaction and issues. Every software vendor has a dedicated support team to serve the customers. Support, software maintenance, customer portal, post-deployment assistance, and client testimonials are some of the services provided under the support and maintenance segment. To derive consistent customer satisfaction, service providers regularly focus on enhancing their product knowledge base by receiving feedbacks through interviews and surveys. These services also provide a single point of contact who would help solve customer issues quickly. The customer portal is another helping aid that offers technical tips and software updates to customer forums.

North America to account for the largest market size during the forecast period

North America consists of developed countries, such as the US and Canada. This region is open to the adoption of new and emerging technologies. Moreover, its strong financial position enables it to invest heavily in the adoption of the latest and leading tools and techniques for ensuring effective business operations. Such advantages help organizations in this region gain a competitive edge. North America has the first-mover advantage in the adoption of new technologies, such as smartphones and cloud platforms. North America has the headquarters of many large enterprises and is host to various international events. Enterprises are willingly investing in North America. The factors expected to drive the growth of the product lifecycle management market in North America are the stable economy, technological enhancements, and advanced infrastructure.

Browse Full Report @ https://www.marketsandmarkets.com/Market-Reports/product-lifecycle-management-market-152565174.html

Key and emerging market players SAP (Germany), Dassault System (France), PTC (US), Siemens (Germany), Autodesk (US), IBM (US), Oracle (US), HP (US), Atos (France), Accenturs (Ireland), Arena (US), Ansys (US), Aras (US), Infor (US), Propel (US), Kalypso (US), FusePLM (US), Bamboo Rose (US), Inflectra (US), and TCS (India). These players have adopted various strategies to grow in the Product Lifecycle Management Market.

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: sales@marketsandmarkets.com
MnM Blog: https://mnmblog.org
Content Source: https://www.marketsandmarkets.com/PressReleases/product-lifecycle-management.asp

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Product Lifecycle Management Market 2019-2024 Analysis and Predictions by Leading Manufacturers, Applications, Types & Forecast here

News-ID: 1868811 • Views: 344

More Releases from MarketsandMarkets™

Bone Growth Stimulator Market - Industry Share Analysis, Key Players and Future …
The Research Report on "Bone Growth Stimulator Market by Product (Device (Implant, External), Bone Morphogenetic Protein, PRP), Application (Spinal Fusion, Delayed Union, Non-union Bone Fracture, Maxillofacial Surgery), Care Setting (Hospital, Homecare) (2022 - 2026)", is projected to reach USD 1.5 billion by 2026 from USD 1.1 billion in 2021, at a CAGR of 5.8% during the forecast period. Growing patient preference for non-invasive and minimally invasive surgical treatments; The demand for minimally
Growing Demand of Multi-Factor Authentication Market | Size , Share 2022-2026
According to study published by MarketsandMarkets™, "Multi-Factor Authentication Market size projected to grow from USD 11.1 billion in 2021 to USD 23.5 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 16.2% during the forecast period. Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=231220047 Browse in-depth TOC on "Multi-Factor Authentication Market by Component (Hardware, Solutions, and Services), Model Type (Two, Three, Four, and Five-Factor), Organization Size, End User (BFSI, Healthcare, Media and Entertainment,
Federated Learning Solutions Market Size, Share 2022-2028 | Rising Demand
According to a new market research report "Federated Learning Market by Application (Drug Discovery, Industrial IoT, Risk Management), Vertical (Healthcare and Life Sciences, BFSI, Manufacturing, Automotive and Transportation, Energy and Utilities) and Region - Global Forecast to 2028" published by MarketsandMarkets™, As per AS-IS scenario, the global federated learning market size to grow from USD 127 million in 2023 to USD 210 million by 2028, at a Compound Annual Growth
Biomarkers Market - Industry Share Analysis, Key Players and Future Prospect
The Research Report on "Biomarkers Market by Product (Consumable, Service), Type (Safety, Efficacy, Validation), Disease (Cancer (Solid & Liquid Biopsy), Neurological), Application (Diagnostics, Drug Discovery & Development, Personalized Medicine) (2022 - 2026)", the global market size was valued at USD 43.1 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 12.6% from 2021 to 2026. Growth Opportunity: Personalized medicine; Biomarkers play a key role in

All 5 Releases


More Releases for Product

Product news...
We are proud to give you an update of our products and services: News1: We added our newest LED light fittings to our webshop. You can oder through the webshop or you can use your shopping cart as an inquiry form - whatever is best for you. This is the direct link to the webshop page of the LED luminaires: https://www.quintex.eu/catalog/ex-material/led-light-fightings/ News 2: For all developers of Ex d devices: we put our
Product News: Release of Product Update
Here’s some important product news for EXA40/EXA24160 and EXA48600/EXA32100. The last software versions include several new features that improve our solutions further. Our latest product update is part of our ongoing effort to offer better and improved products to meet the needs of the changing network infrastructure. EXA40/EXA24160 Version 1.6.2 Generic Header Stripping By now the EXA40/EXA24160 supports a generic header stripping function. This function allows removing encapsulations by defining an offset (in
Pyraclostrobin: Global Product Intelligence
ReportsWorldwide has announced the addition of a new report title Pyraclostrobin: Global Product Intelligence (2015-2020) to its growing collection of premium market research reports. The report “Pyraclostrobin: Global Product Intelligence” provides market intelligence on the different market segments, based on type, application, and geography. Market size and forecast (2011-2020) has been provided in the report. The primary objectives of this report The report “Pyraclostrobin: Global Product Intelligence (2015-2020)” provides
Penconazole: Global Product Intelligence
ReportsWorldwide has announced the addition of a new report title Penconazole: Global Product Intelligence (2015-2020) to its growing collection of premium market research reports. The report “Penconazole: Global Product Intelligence” provides market intelligence on the different market segments, based on type, application, and geography. Market size and forecast (2011-2020) has been provided in the report. The primary objectives of this report The report “Penconazole: Global Product Intelligence (2015-2020)” provides
Pyrimethanil: Global Product Intelligence
ReportsWorldwide has announced the addition of a new report title Pyrimethanil: Global Product Intelligence (2015-2020) to its growing collection of premium market research reports. The report “Pyrimethanil: Global Product Intelligence” provides market intelligence on the different market segments, based on type, application, and geography. Market size and forecast (2011-2020) has been provided in the report. The primary objectives of this report The report “Pyrimethanil: Global Product Intelligence (2015-2020)” provides
Fenpropimorph: Global Product Intelligence
ReportsWorldwide has announced the addition of a new report title Fenpropimorph: Global Product Intelligence (2015-2020) to its growing collection of premium market research reports. The report “Fenpropimorph: Global Product Intelligence” provides market intelligence on the different market segments, based on type, application, and geography. Market size and forecast (2011-2020) has been provided in the report. The primary objectives of this report The report “Fenpropimorph: Global Product Intelligence (2015-2020)” provides