Press release
PLM in Discrete Manufacturing Market: Strong Growth, Key Drivers, and Forecasted Trends
PLM in Discrete Manufacturing Market
What Is The Projected Market Size Of The Global PLM in Discrete Manufacturing Market And Its Growth Rate?
The PLM in Discrete Manufacturing Market has displayed impressive growth in recent years and is predicted to continue this pattern with the following statistics:
• The market size has grown from $23.16 billion in 2024 to a projected $24.62 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 6.3%.
• The market is forecasted to grow to $35.65 billion in 2029 at a CAGR of 9.7%.
Driving this growth are factors such as globalization and distributed manufacturing, increasing product complexity, regulatory compliance, and quality assurance, acceleration of innovation cycles, cost reduction, and efficiency improvement.
What Is Driving The Growth In The PLM in Discrete Manufacturing Market?
The widespread adoption of smart factories and smart manufacturing techniques is fuelling the growth of the PLM in Discrete Manufacturing Market. Smart factories refer to digitized manufacturing facilities, and smart manufacturing is a technology-driven approach that uses internet-connected machinery to monitor the production process. According to Plex Systems, a US-based software company, smart manufacturing adoption rates increased by 50% over twelve months, signifying that 2 out of every 3 manufacturers are utilizing some form of smart manufacturing component. This surge in smart factory adoption is driving growth in the PLM in discrete manufacturing market.
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Who Are the Key Players Driving PLM in Discrete Manufacturing Market Growth?
• ANSYS Inc
• Plex Systems Inc
• Autodesk Inc
• Dassault Systèmes SE
• Infor
• Oracle Corporation
• Parametric Technology Corporation Inc
• SAP SE
• Siemens AG
• Lascom
• KloudPLM
• OpenBOM
• Aras Corporation
• Arena Solutions Inc.
• Centric Software Inc.
• ESI Group
• Granta Design Limited
• International Business Machines Corporation
• Mentor Graphics Corporation
• Parametric Technology Corporation
• Tata Technologies Limited
What Are The Key Trends In The PLM in Discrete Manufacturing Market?
Key Market Trends Include:
• Integrated product development
• IoT integration
• Advanced analytics and simulation
• Additive manufacturing (3D printing)
What Are The Segments Of The Global PLM in Discrete Manufacturing Market?
The PLM in Discrete Manufacturing Market can be segmented by:
• By Component: Software, Services
• By Enterprise Size: Large Enterprises, Small And Medium Enterprises
• By Deployment Model: On-Premise, Cloud
• By Industry Vertical: Automotive And Transportation, Industrial Machinery And Heavy Equipment, High-Tech And Consumer Electronics, Aerospace And Defense, Other Industry Verticals
Which Region Leads The PLM in Discrete Manufacturing Market?
North America held the largest share of the PLM in Discrete Manufacturing Market in 2024. However, Asia-Pacific is expected to be the fastest-growing region in the forecast period. Other regions covered in this market include Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The PLM in Discrete Manufacturing Market Global Market Report?
- Market Size Analysis: Analyze the PLM in Discrete Manufacturing Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the PLM in Discrete Manufacturing Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall PLM in Discrete Manufacturing Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the PLM in Discrete Manufacturing Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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