Press release
Product Lifecycle Management Market is Forecasted to Reach US$ 40 Billion in 2026, Says Stratview Research
Stratview Research, a global market research firm has launched a report on the global product lifecycle management market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/2715/product-lifecycle-management-plm-market.html#form
Report Highlights:
Market Size in 2026: US$ 40 billion
Growth (CAGR): 7.5% during 2021-2026
Forecast Period: 2021-2026
Trend Period: 2015-2019
Base Year: 2020
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20
Segment Insights on the Product Lifecycle Management Market:
The global product lifecycle management market is segmented based on software type, deployment type, end-use type, and region.
Based on software type - Based on software, the product lifecycle management market has been classified into portfolio management, design & engineering management, quality & compliance management, simulation, testing, & change management, manufacturing operations management, and others. Under these, the design & engineering management segment held a significant market share of around 30% in 2020. PLM software is increasingly being used by production units to manage the development, designing, and engineering processes in light of the continued industrial digitization and rollout of connected value chains, thereby boosts the segment growth in the coming years.
To know the most attractive segments, click here:
https://www.stratviewresearch.com/2715/product-lifecycle-management-plm-market.html
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that North American market held the highest market share of more than 30% in 2020 and is projected to grow at a healthy CAGR in the coming years. This growth outlook is majorly attributed to the following-
• Presence of key market players in the region is a key driving factor. Moreover, large enterprises in the region are especially upgrading their PLM solutions in line with the improving technology trends to help customer-centric product development, further bolsters regional market growth during the review period.
Product Lifecycle Management Market Drivers:
Some of the key drivers listed in the report are given below.
Increasing demand for software solutions for bills of materials, change management, compliance management, cost management, data management, and governance management are likely to spur the demand for the PLM software over the review period. The continued integration of the latest technologies, such as virtual reality, Industrial Internet of Things (IIoT), augmented reality, and additive manufacturing, with PLM solutions, is further expected to bolster the market growth.
Top Companies in the Product Lifecycle Management Market:
Stratview Research has identified the following companies as the top market players.
• SAP (Germany)
• Dassault System (France)
• PTC (US)
• Siemens (Germany)
• Autodesk (US)
• IBM (US)
• Oracle (US)
• HP (US)
• Atos (France)
What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Product Lifecycle Management Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
Related Reports:
• Application Management Services Market: https://www.stratviewresearch.com/2694/application-management-services-market.html
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About Us:
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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