Product Lifecycle Management Market Research Overview 2021- Industry Analysis and Forecast by Top Company Profile: Atos SE, Siemens AG, Accenture plc, Autodesk, Inc., IBM, SAP SE

The global product lifecycle management market is estimated to account for US$ 61.31 Bn in terms of value by the end of 2019.

Product lifecycle management (PLM) is a method of managing a product throughout its lifetime including maintenance, development, production, and recycling phases. PLM is crucial in enterprises that support the concept, design & engineering, management of product portfolios, and cost optimization. It allows effective collaborative working at every stage, enhancing the way the entire business operates. Currently, product-oriented industries such as manufacturing and pharmaceutical are facing challenges such as increased competition and demand for product customization, in order to cater to specific individual needs and comply with stringent industry regulations.

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Key Players in the Global Product Lifecycle Management Market:-
Key players operating in the global product lifecycle management (PLM) market are Dassault Systems, Hewlett-Packard Company, PTC, Inc., Atos SE, Siemens AG, Accenture plc, Autodesk, Inc., IBM Corporation, SAP SE, and Aras Corporation.

Global Product Lifecycle Management Market Taxonomy:-
By Component: (Software (On-premise (Cax, NC, S&A, AEC, CPDM, Digital Manufacturing, EDA, Others), Cloud Based (Cax, NC, S&A, AEC, CPDM, Digital Manufacturing, EDA, Others)), and Services (Consulting, Integration, and Operation and Maintenance))

• By End-use: (Automotive and Transportation, Aerospace and Defense, Industrial Machinery and Heavy Equipment, Electronics and Semiconductor, Energy and Utilities, Consumer Products and Retail, Medical Devices and Pharmaceutical, IT and Telecom, and Others (Marine, Chemical))

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The report also sheds light on the vendor landscape, in order to inform the readers about the changing dynamics of the market. The report plays host to information such as theProduct Lifecycle Management products developed by these companies, that is certain to help established companies as well as new entrants to plan their strategies. The researchers and analysts have provided in-depth analysis of the market segmentation based on the type, application, and geography.
On the basis of geography, the global Product Lifecycle Management market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The U.S. and Canada are the major countries driving growth of the Product Lifecycle Management industry in the North American region.

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