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Global Product Lifecycle Management Market Technology, Application, Analysis And Forecast To 2026
Product Lifecycle Management Market
The regions covered in the product lifecycle management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest product lifecycle management market share.
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The product lifecycle management (PLM) market consists of sales of product lifecycle management software and services by entities (organizations, sole traders, and partnerships) that are engaged in providing a better strategic process for managing the complete journey of a product from initial ideation, development, service, and disposal. PLM refers to managing every step of the process involved with a product from raw material to finished product. The PLM process is inclusive of the manufacturing and marketing of the goods. From pricing and advertising to expansion or cost-cutting, the concept of product life cycle assists organizations in making smart business decisions.
Key competitors in the product lifecycle management market include ANSYS Inc., Oracle Corporation, SAP SE, Autodesk Inc., Siemens AG, PTC Inc., Dassault Systèmes SE, Aras Corporation, IBM, and Atos
The global product lifecycle management market size is expected to grow from $33.03 billion in 2021 to $35.69 billion in 2022 at a compound annual growth rate (CAGR) of 8.1%. The change in the product lifecycle management market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021. The market is expected to reach $49.33 billion in 2026 at a CAGR of 8.4%.
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TBRC's report segments the global product lifecycle management market:
1) By Component: Software, Services
2) By Deployment: On-Premise, On-Cloud
3) By End-User: Automotive and Transportation, Industrial Machinery, Electronics and Semiconductors, Retail, Energy and Utilities, Aerospace and Defense, Pharmaceuticals, IT and Telecom, Others
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The Table of Contents includes:
1. Executive Summary
2. Product Lifecycle Management Market Characteristics
3. Product Lifecycle Management Market Trends And Strategies
4. Impact Of COVID-19 On Product Lifecycle Management
5. Product Lifecycle Management Market Size And Growth
.....
26. Africa Product Lifecycle Management Market
27. Product Lifecycle Management Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Product Lifecycle Management Market
29. Product Lifecycle Management Market Future Outlook and Potential Analysis
30. Appendix
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