Press release
Product Lifecycle Management Market Size, Share Analysis, Growth, Drivers And Global Forecast 2023-2032
Product Lifecycle Management Market Report
Product Lifecycle Management Market Size, Growth Rate, And Forecast:
The global product lifecycle management market size grew from $35.37 billion in 2022 to $37.94 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The product lifecycle management market size is expected to grow to $51.38 billion in 2027 at a CAGR of 7.9%.
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Product Lifecycle Management Market Drivers:
The growing adoption of product lifecycle management (PLM) from end-use industries is expected to propel market growth in the coming years. PLM has the potential to offer improved supply chain accuracy, enhanced regulatory compliance, lower lead times, and an increase in sales growth. Product lifecycle management (PLM) software is being used by end-use sectors to increase transparency in supply chains & manufacturing processes and speed the development of innovative goods
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Product Lifecycle Management Market Segments
•By Component: Software, Services
•By Deployment: On-Premise, On-Cloud
•By End-User: Automotive And Transportation, Industrial Machinery, Electronics And Semiconductors, Retail, Energy And Utilities, Aerospace And Defense, Pharmaceuticals, IT And Telecomm, Other End Users
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Product Lifecycle Management market.
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Product Lifecycle Management Market Key Players:
Major 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 Business Research Company's "Global Product Lifecycle Management Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Product Lifecycle Management Market Include:
1. Executive Summary
2. Product Lifecycle Management Market Characteristics
3. Product Lifecycle Management Market Trends And Strategies
4. Product Lifecycle Management Market - Macro Economic Scenario
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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