Product Lifecycle Management  (PLM) Market 2021 Business Scenario – Oracle, Omnify Software, ANSYS, Autodesk, CAD Schroer, Arena Solutions, Dassault Systmes

Global Product Lifecycle Management  (PLM) Market report provides an in-depth analysis of the key market insights, its future trends, and developments, profiles of leading players, key restraints and drivers, segmentation, and forecasting. The report highlights the market size and CAGR of the important segments, thus providing quick relevant information on the global market. The report consists of several aspects that affect the growth of the Product Lifecycle Management  (PLM) market. It also offers an excellent growth opportunity for the new entrants and assisting them to get more profit.

The global product lifecycle management market size was valued at USD 25.93 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.2% from 2021 to 2028

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The key manufacturers covered in this report: , Oracle, Omnify Software, ANSYS, Autodesk, CAD Schroer, Arena Solutions, Dassault Systmes, Siemens PLM Software, Symscape, Salesforce.com, NUMECA, SAP, Altair, Simerics, PTC, Exa, Bentley Systems,

News and Latest Developments

June 16, 2020 Siemens Launches PLM-As-A-Service with Teamcenter X- At its virtual media and analyst event this week, Siemens Digital Industries Software announced Teamcenter X software, a new cloud-based product lifecycle management (PLM) solution delivered as a service. According to Siemens, Teamcenter X is a software as a service (SaaS) offering that can enable companies of all sizes to quickly realize value, without the IT resource traditionally associated with on-premises PLM deployments.

Wipro launches PLM cloud services - Wipro Ltd. (NYSE:WIT), a leading global information technology, consulting and outsourcing company today announced the launch of new cloud based Product Lifecycle Management (PLM) services that will support Siemens PLM Software’s Teamcenter®* portfolio, the world’s most widely used digital lifecycle management software. Wipro is a Global consulting and Systems Integration partner of Siemens PLM Software.

Siemens launches new solutions to ‘close the loop’ between PLM and cloud- Siemens Digital Industries Software has unveiled several new updates to its portfolio for 2020, including a cloud-based project collaboration software and the realization of its previously announced partnership with IBM.

Market Overview

PLM includes both an information strategy and an enterprise strategy. In information strategy, it includes coherent data structure by consolidating systems. In enterprise strategy, it enables global organizations work as a single team to design, produce, support, and retire products. PLM software empowers business to make unified, information driven decision at every stage of product life cycle

North America region is fastest growing market in PLM software adoption. The demand for mechanical computer aided design (MCAD) and electronic computer aided design (ECAD), and other PLM software in countries such as the U.S. and Canada is driving the growth of the market.

Product lifecycle management (PLM) represents an essential and core element for most companies’ overall enterprise business strategy.  PLM, today, cannot be confined solely to the design/build processes of a manufacturing company.  The scope of PLM has expanded to the extent that the product development process can be executed and managed from concept to end of life within a collaborative holistic framework.  PLM solution sets currently offered by PLM providers address all the design/build/support/maintain product lifecycle domains that define the manufacturing and business processes across a broad range of industries.

Segment by Type

Software

Hardware

Service

Segment by Application

Manufacturing

Consumer electronics

Healthcare

Automobile

Other

Recent Developments-

May 2019 - Shenzhen Huijie Group (Huijie), a leading intimates company in China, successfully implemented Centric Software’s Product Lifecycle Management (PLM) solution. Centric Software provides the most innovative enterprise solutions to fashion, retail, footwear, outdoor, luxury, and consumer goods companies to help them achieve their strategic and operational digital transformation goals.

October 2019 - PTC Inc. announced enhancement of windchill product life cycle management (PLM) platform that enabled features including built-in linking and tracing between product data management and systems engineering, requirements management, source code management, and testing

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia)

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Product Lifecycle Management  (PLM) Market Analysis and Strategies Carry Out as below:

- The report elucidates a gist of the tried-and-tested as well as innovative strategies undertaken by potential stakeholders with regards to the marketing of the product.

- The sales channels chosen (that include direct as well as indirect marketing) by the companies are briefly enumerated in the Product Lifecycle Management  (PLM) market report.

- The distributors of these products and a gist of the top-of-the-notch customers for the same are also encompassed in the study.

- The report is inclusive of the pivotal driving forces influencing the commercialization landscape of the Product Lifecycle Management  (PLM) market and their impact on the revenue scale of this business sphere.

- The rising product demand from the key geographies as well as the pivotal applications and potential business arenas are also included in the Product Lifecycle Management  (PLM) Market report.

Available Customization:

The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.

What is the Impact of Covid-19 Outbreak on the Product Lifecycle Management  (PLM)?

- Optimistic Scenario: COVID-19 is contained by May or June, With Normalcy returning to global operations through the End of Q2.

- Conservative Scenario: COVID-19 Remains Prevalent, with Continued Impacts Lasting into Q4.

- Estimated Impact of the Coronavirus (COVID-19) Epidemic on the Global Product Lifecycle Management  (PLM).

- Product Lifecycle Management  (PLM) Market Size in 2021

- Corporate Strategy the Manufacturers Should Be Thinking About Right Now.

Contact Us

Irfan Tamboli (Head of Sales) – Market Intelligence data

Phone: +1 (704) 266-3234 |sales@marketintelligencedata.com

About Us

Marketintelligencedata provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. Marketintelligencedata provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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