Press release
Product Lifecycle Management Market Analysis By Industry Share, Merger, Acquisition, Size Estimation, New Investment Opportunities, Statistics, Overview, and Forecast till 2030
The Product Lifecycle Management (PLM) market size was USD 27.50 Billion in 2021 and is expected to register a revenue CAGR of 8.2% during the forecast period, according to the latest analysis by Emergen Research. Increasing focus on developing groundbreaking smart products is a key factor driving revenue growth of the market. In addition, increased efficiency in marketing offered by PLM systems is a major trend that is expected to drive revenue growth of the global market. Product Lifecycle Management (PLM) helps organizations to develop and introduce new products in the market. This software makes it easy to track and share data along with product value chain, from initial design through manufacturing, supply chain management and operations, and asset maintenance.The latest and updated research report on the Global Product Lifecycle Management Market covers a comprehensive overview of the Product Lifecycle Management market, future economic condition, competitive landscape mapping, supply and demand trends, and production and consumption analysis. The report also covers the influence of the COVID-19 pandemic on the Product Lifecycle Management market. The pandemic has dynamically affected all aspects of life on a global scale along with drastic changes in the economy and market conditions. The report covers the currently fluctuating market scenario along with present and future assessment of the COVID-19 impact. The report encompasses the historical data, company overview, financial standing, and necessary information about the new and key players of the market.
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Some Key Highlights From the Report
The cloud segment is expected to register a significant market revenue growth owing to the fact that cloud-based PLM systems make it easier to implement, upgrade, and customize products.
The design and engineering segment is expected to grow considerably due to continuous digitalization and rapid spread of connected value chains.
The automotive and transportation segment is expected to register a steady growth. Expanding usage of digital manufacturing and integration of IoT in production of smart automobiles is expected to drive market growth in the automotive industry.
The North America is expected to register a considerable growth rate. Market players in the region can invest heavily in new solutions, such as IoT, augmented reality, telecommunication technology, and connected industries due to their strong financial position, providing competitive advantage in the market.
The report offers a comprehensive overview of the competitive landscape and covers company profiles, production and manufacturing capacity, product portfolio, expansion strategies, and business initiatives such as mergers and acquisitions, joint ventures, collaborations, partnerships, and product launches and brand promotions among others.
Prominent Players Analyzed in the Report:
Siemens AG, Oracle Corporation, Dassault Systemes, Autodesk, Inc., Aras Corporation, IBM, Kalypso, Bamboo Rose and Propel.
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Furthermore, the report divides the Product Lifecycle Management market into key segments and sub-segments to offer an analysis of the product type and application spectrum of the industry. It also offers predictions about the segments expected to show significant growth during the projected timeline.
Emergen Research has segmented the PLM market based on deployment mode, software, end-use, and region:
Deployment Mode Outlook (Revenue, USD Billion; 2019-2030)
Cloud
On-Premises
Software Outlook (Revenue, USD Billion; 2019-2030)
Portfolio Management
Simulation & Change Management
Quality Management
Manufacturing Operations Management
Design & Engineering Management
Others
End-Use Outlook (Revenue, USD Billion; 2019-2030)
Automotive & Transportation
IT & Telecom
Aerospace & Defense
Others
The report offers a comprehensive breakdown of the regional analysis of the market and subsequent country-wise analysis. The regional analysis of the market comprises of production volume information, consumption volume and patterns, revenue, and growth rate for the forecast period of 2020-2027. According to the regional analysis, the market is primarily spread over key geographical regions as follows:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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The report covers key points of the market, including the standards, regulations, and policy changes applied by the government on the industry for the coming years. The report encompasses thorough research carried out by the application of advanced analytical tools such as SWOT analysis and Porter's Five Forces analysis to pinpoint the growth trends and patterns. Factors likely to influence the growth of the market, current trends, opportunities, restraining factors, and business landscape are discussed in-depth in the market study.
Overview of the Product Lifecycle Management Market Report:
Introduction, Product Scope, Market Overview, and Opportunities
Analysis of the Manufacturers with sales, revenue, and price analysis
Comprehensive analysis of the competitive landscape
Extensive profiling of the key competitors along with their business strategies and market size
Regional analysis of the market along with sales, revenue, market share, and global position
Country-wise analysis of the market along with types, applications, and manufacturing
Strategic recommendations to established players as well as new entrants
In-depth analysis of the risks, restraints, and limitations in the Product Lifecycle Management industry
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Thank you for reading our report. Please connect with us to know more about the report or the customization of the report. Our team will ensure the report is best suited to meet your requirements.
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