Press release
Digitalization in Production Process is enhancing Growth in the Global PLM Software Market
According to a new market research report launched by Inkwood Research, the Global Product Lifecycle Management (PLM) Software Market is anticipated to reach around $45.70 billion in terms of revenue by 2028, growing at a CAGR of 6.53% during the forecast period.Browse 31 market data Tables and 39 figures spread over 151 Pages, along with in-depth analysis on Global Product Lifecycle Management (PLM) Software Market by Deployment, End-User & by Geography
This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all the aspects of this comprehensive market, by assessing major geographies, and is a valuable asset for the existing players, new entrants, and future investors. The study presents a detailed market analysis, with inputs derived from industry professionals across the value chain.
Global Product Lifecycle Management (PLM) Software Market Scenario
The product lifecycle management (PLM) system is known to assist organizations in managing a number of developments, initiating from the designing and progression to its final disposal. The rising adoption of smart connected products, owing to the widespread usage of IoT technology, is primarily encouraging the manufacturers to implement the electronic and mechanical components, along with their software solutions.
The global product lifecycle management (PLM) system market is witnessing a progressing trend, attributed to advantages, such as tracking products across the lifecycle, quality enhancement, maintaining cost-efficiency and operations flexibility, and accelerating process alterations. Besides, other aspects, including the integration of digitalization in the production activities and facilitating cloud technology to help in consolidating the information, are also driving the market growth over the forecast period.
The Global Product Lifecycle Management (PLM) Software Market report provides data tables and includes charts and graphs for visual analysis.
Request Free Sample Report for Global Product Lifecycle Management (PLM) Software Market by Deployment, End-User & by Geography: https://www.inkwoodresearch.com/reports/product-lifecycle-management-software-market/#request-free-sample
Market Segmentation
Market by End-User
• Aerospace and Defense
• Electronics, Industrial Equipment and High-tech
• Architecture, Engineering & Construction
• Automotive
• Other End-users
Market by Deployment
• Cloud
• On-Premise
• Professional Services
Report Highlights
- The report provides a detailed analysis of the current and future market trends, to identify the investment opportunities
- Market forecasts till 2028, using estimated market values as the base numbers
- Key market trends across the business segments, regions and countries
- Key developments and strategies observed in the market
- Market dynamics such as drivers, restraints, opportunities and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2028
Companies Profiled
• SIEMENS AG
• ORACLE CORPORATION
• INFOR INC.
• ANSYS INC.
• ARAS CORPORATION
• SAP SE
• RAZORLEAF CORPORATION
• AUTODESK INC.
• PTC INC.
• ALTAIR ENGINEERING INC.
• ARENA SOLUTIONS
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