Press release
In-Depth Analysis of the Cloud Based Product Lifecycle Management Market: Growth Opportunities, Key Trends, and Forecast 2025-2034
Cloud Based Product Lifecycle Management Market
The cloud-based product lifecycle management market has seen rapid growth in recent years. It will rise from $57.24 billion in 2024 to $66.8 billion in 2025, reflecting a CAGR of 16.7%. Factors contributing to this growth include a focus on improving product efficiency, the increasing number of small and medium-sized enterprises, the trend of digitalization, growing awareness of connected devices technology, and the adoption of real-time product tracking.
Similarly, the cloud-based product lifecycle management market will grow rapidly to $124.04 billion by 2029 at a CAGR of 16.7%. Drivers include demand for smart products and IoT integration, while trends focus on technological advancements and R&D investment.
What Is Driving the Growth Trajectory of the Cloud Based Product Lifecycle Management Market?
The increasing adoption of Internet of Things (IoT) solutions is expected to drive the growth of the cloud-based product lifecycle management (PLM) market. IoT technologies enable devices to communicate and interact over the internet, improving operational efficiency and providing real-time insights. IoT integration with cloud-based PLM systems enhances product lifecycle management by streamlining data collection and process optimization. According to the GSM Association, the number of IoT connections is expected to exceed 23.3 billion by 2025, driving the cloud-based PLM market.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14289&type=smp
Which Leading Companies Are Shaping the Growth of the Cloud Based Product Lifecycle Management Market?
Major companies operating in the cloud based product lifecycle management market are Koch Industries Inc., Siemens AG, accenture* plc, Oracle Corporation, SAP SE, Atos SE, Rockwell Automation Inc., Dassault Systèmes S.A., Autodesk Inc., PTC Inc., Veeva Systems Inc., Blue Yonder Group Inc., IFS AB, Lectra SA, Centric Software Inc., PROLIM Corporation, Arena Solutions Inc., Tacton Systems AB, Aras Corporation, Bamboo Rose Inc., FusePLM, NexGenCAM LLC, Propel Software Inc., Essig PLM, Professional Systems Associates Inc., Razorleaf Corporation
What Are the Major Trends Shaping the Cloud Based Product Lifecycle Management Market?
Leading companies in the cloud-based product lifecycle management market are focusing on innovative solutions like comprehensive product lifecycle management (PLM) platforms to manage product lifecycles effectively. A comprehensive PLM platform streamlines product development processes, data management, and accelerates innovation. For example, in February 2022, KloudPLM, an India-based technology company, launched a cloud-first PLM platform built on Salesforce, offering organizations a powerful solution for managing product lifecycles. The platform includes pre-configured templates that can be customized to meet specific business goals and processes, along with comprehensive reports, dashboards, and key performance indicators (KPIs).
What Are the Key Segments of the Cloud Based Product Lifecycle Management Market?
The cloud based product lifecycle management market covered in this report is segmented -
1) By Component: Software, Services
2) By Technology: Radio-Frequency Identification (RFID), Near Field Communication (NFC), Other Technologies
3) By Organization Size: Small And Medium Enterprises (SMEs), Large Enterprises
4) By Application: Portfolio Management, Product Data Management (PDM), Collaborative Design And Engineering, Customer Management, Compliance Management, Other Applications
5) By Industry Vertical: Aerospace And Defense, Healthcare And Life Sciences, Retail And Consumer Goods, Energy And Utilities, Industrial Machinery And Heavy Equipment, Telecommunications And IT, Automotive And Transportation, Semiconductor And Electronics, Other Industry Verticals
Subsegments:
1) By Software: Product Design And Development Software, Product Data Management (PDM) Software, Computer-Aided Design (CAD) Software, Product Quality Management Software, Others:
2) By Services: Consulting, Implementation, Support And Maintenance
Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/cloud-based-product-lifecycle-management-global-market-report
Which Region Dominates the Cloud Based Product Lifecycle Management Market?
North America was the largest region in the cloud based product lifecycle management market in 2024. Asia-Pacific is expected to be the fastest growing region in the market. The regions covered in the cloud based product lifecycle management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Cloud Based Product Lifecycle Management Global Market Report?
- Market Size Analysis: Analyze the Cloud Based Product Lifecycle Management Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cloud Based Product Lifecycle Management 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 Cloud Based Product Lifecycle Management Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cloud Based Product Lifecycle Management Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14289
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release In-Depth Analysis of the Cloud Based Product Lifecycle Management Market: Growth Opportunities, Key Trends, and Forecast 2025-2034 here
News-ID: 3851270 • Views: …
More Releases from The Business Research Company
Global Polyaluminum Chloride Market Worth $2.68 Billion by 2029, Growing at 6.9% …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Polyaluminum Chloride Market Outlook: What Size And CAGR Are Anticipated By 2025?
In the past few years, there has been a solid expansion in the polyaluminium chloride market size. This market is projected to continue its growth trajectory, escalating from $1.93 billion in 2024 to an estimated $2.05 billion in…
Non-starch Polysaccharide (NSP) Enzyme Market Size Forecast: $1.31 Billion by 20 …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What Is the Projected Market Size Valuation of the Non-starch Polysaccharide (NSP) Enzyme Market by 2025?
The market size of non-starch polysaccharide (nsp) enzymes has seen a steady increase over the past years. The market is expected to rise from $1.02 billion in 2024 to $1.07 billion in 2025, with a…
Low VOC Paint Market Growth to be Driven by Emerging Trends | $4.1 Billion by 20 …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Low VOC Paint Industry?
The market size for low VOC paint has seen significant expansion in the past few years. It is expected to increase from $2.82 billion in 2024 to $3.04 billion in 2025, with a compound annual growth rate (CAGR) of…
Halogenated Agrochemicals Industry Growth Outlook: 6.1% CAGR and $254.01 Billion …
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Long-Term Growth Forecast for the Halogenated Agrochemicals Market Size 2025?
The market size for halogenated agrochemicals has seen robust growth in the past few years. Its size will increase from $189.62 billion in 2024 to $200.52 billion in 2025, with a compound annual growth rate (CAGR) of 5.7%. The…
More Releases for Management
Gym Management Software Market By Functions - Scheduling Appointments, Waitlist …
MarketResearchReports.Biz announces addition of new report "Gym Management Software Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025" to its database.
Gym management software is a software solution which allows the users to manage the different processes associated with running a gym in an efficient and effective manner. These software solutions are generally multifunctional and can manage all the diverse processes associated with managing a gym…
Water Network Management, Water Network Management trends, Water Network Managem …
MarketStudyReport.com adds a new 2018-2023 Global Water Network Management Market Report focuses on the major drivers and restraints for the global key players providing analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.
This report presents a comprehensive overview, market shares, and growth opportunities of by Water Network Management product type, application, key manufacturers and key regions. Over the next five years, Water Network Management will…
Cloud Project Portfolio Management Market Report 2018: Segmentation by Applicati …
Global Cloud Project Portfolio Management market research report provides company profile for CA Technologies (New York, U.S.), HPE (California, U.S.), Changepoint Corporation (Richmond Hill, Ontario), Clarizen, Inc. (California, U.S.), Microsoft Corporation (Washington, U.S.) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and…
Prescriptive analytics Market Outlook 2025 focus On: Risk Management, Operation …
A detailed market study on "Global Prescriptive analytics Market" examines the performance of the Prescriptive analytics Market. It encloses an in-depth Research of the Prescriptive analytics Market state and the competitive landscape globally. This report analyzes the potential of Prescriptive analytics Market in the present and the future prospects from various prospective in detail.
Get Free Sample Report@ https://databridgemarketresearch.com/request-a-sample/?dbmr=global-prescriptive-analytics-market
Prescriptive analytics market accounted for USD 1.20 billion growing at a CAGR of…
Facility Management Market Solutions & Services (Real Estate & Lease Management, …
ReportsWeb.com added “Global Facility Management Market to 2025” to its vast collection of research Database. The report classifies the global Facility Management Market in a precise manner to offer detailed insights into the aspects responsible for augmenting as well as restraining market growth.
Facility Management is an essential part which handles all functions related to enterprise and helps in streaming all the operations with reducing cost. Managing life cycle management of…
Telecom Expense Management Market Analysis For Financial Management, Order Manag …
The telecom expense management (TEM) market report provides analysis for the period 2014–2024, wherein the period from 2016 to 2024 is the forecast period and 2015 is the base year. The report covers all the major trends and technologies playing a key role in telecom expense management market growth over the forecast period. It also highlights the drivers, restraints, and opportunities expected to influence the market’s growth during the said…
