Press release
Global Product Lifecycle Management Market Analysis 2025-2030: Growth Drivers, Challenges, And Opportunities
The Product Lifecycle Management Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].How Big Is the Product Lifecycle Management Market Size Expected to Be by 2034?
In recent years, there has been notable expansion in the product lifecycle management market size. The market, valued at $38.92 billion in 2024, is projected to rise to $41.28 billion in 2025, showing a compound annual growth rate (CAGR) of 6.0%. The increase observed during the historic period is due to factors such as the increasing demand for cloud-based product lifecycle management solutions, growth in emerging markets, higher internet penetration, demographic changes, innovation in product platforms and an increase in e-commerce penetration.
In the ensuing years, the product lifecycle management market size is predicted to witness substantial growth and it's anticipated to reach $59.31 billion in 2029 with a compound annual growth rate (CAGR) of 9.5%. The expansion projected in the forthcoming period can be traced back to the rising uptake of product lifecycle management (PLM) from end-user industries, the complexity of sophisticated products and smart factories, an increase in mergers and acquisitions, and the growing integration of IoT solutions in PLM applications. Key trends within this forecast period include the adoption of cloud deployment, incorporation of artificial intelligence (AI) in product lifecycle management, secure business platforms for operation and collaboration, the use of digital augmented reality and virtual reality, electronic design automation (EDA), additive manufacturing, and the uptake of 5G in product lifecycle management processes.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=5308
What Are the Emerging Segments Within the Product Lifecycle Management Market?
The product lifecycle management market covered in this report is segmented -
1) By Component: Software, Services
2) By Deployment: On-Premise, On-Cloud
3) 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
Subsegments:
1) By Software: Collaborative Product Development Software, Product Data Management (PDM) Software, Quality Management Software, Configuration Management Software
2) By Services: Consulting Services, Implementation Services, Training Services, Support And Maintenance Services, Integration Services
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5308&type=smp
What Long-Term Drivers Are Shaping Product Lifecycle Management Market Trends?
The growth of the product lifecycle management market is projected to be fuelled by the widespread adoption of digitalization. The necessity for enhanced efficiency, improved workflows, and increased collaboration throughout product development cycles is driving the digitalization. It allows companies to innovate more rapidly and remain competitive in volatile markets. Product lifecycle management (PLM) enables digitalization by offering a unified platform to manage product data, processes, and collaboration, allowing organizations to incorporate digital technologies, streamline operations, and improve decision-making during the entire product lifecycle. For instance, the European Central Bank reported in November 2023 that in the latter half of 2022, non-cash payments in the European region saw an 8.8% increase to 65.9 billion compared to the previous six months. The cumulative value of these payments rose by 2.8%, reaching €118.8 ($128.55) trillion. As a result, the escalating adoption of digitalization is influencing the expansion of the product lifecycle management market.
Who Are the Top Competitors in Key Product Lifecycle Management Market Segments?
Major companies operating in the product lifecycle management market include Oracle Corporation, Siemens AG, PTC Inc., Dassault Systèmes SE, Autodesk, Inc, SAP SE, Arena Solutions, Infor, Aras Corporation, Odoo, Jama Connect, Anvyl, PDXper, OpenBOM, Diota, Masters of Pie, Sopheon PLC, Capgemini, Accenturs, Lectra SA, IBM Corporation, Epicor Software Corporation, Deloitte Consulting and TCS, IFS, Propel, FusePLM, Bamboo Rose, Inflectra, DXC Technology Co., Gerber Technology, Centric Software, Inc, Biglever software, Selerant Corporation, Metalfor, ISO Qualitas, Indish Technologies, Mckit Systems, Product one
What Are the Major Trends Shaping the Product Lifecycle Management Market?
Leading firms in the product lifecycle management space are concentrating on innovations such as centralized data management, aiming to provide a singular platform that boosts data visibility and control over asset management procedures. The concept of centralized data management involves storing, arranging, and handling data in one core system or repository. For example, in July 2024, Trimble Inc., an American software firm, introduced Trimble Unity, a product created for complete asset lifecycle management. This all-encompassing asset lifecycle management software suite seeks to increase asset performance, encourage stakeholder cooperation, and optimize budgeting. The solution combines construction management in the cloud, enterprise asset management with a GIS focus, and effective permitting capabilities. It centralizes data management to heighten visibility and bring down asset ownership expenses by as much as 40%. This integrated platform brings together various pre-existing tools, simplifying access and cooperation on asset data.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/product-lifecycle-management-global-market-report
Which Regions Are Becoming Hubs for Product Lifecycle Management Market Innovation?
North America was the largest region in the product lifecycle management market in 2024. The regions covered in the product lifecycle management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Product Lifecycle Management Market?
2. What is the CAGR expected in the Product Lifecycle Management Market?
3. What Are the Key Innovations Transforming the Product Lifecycle Management Industry?
4. Which Region Is Leading the Product Lifecycle Management Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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 Global Product Lifecycle Management Market Analysis 2025-2030: Growth Drivers, Challenges, And Opportunities here
News-ID: 4008093 • Views: …
More Releases from The Business Research Company

Surgical Meshes Market Landscape to 2034: Key Forces Shaping the Next Decade of …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Surgical Meshes Market Size By 2025?
In the past few years, the market size of surgical meshes has seen significant growth. It is projected to expand from $2.03 billion in 2024 to $2.18 billion in 2025, indicating a Compound Annual Growth Rate (CAGR) of 7.3%.…

Rehabilitation Equipment Market Poised to Hit $23.97 Billion by 2029 with Accele …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Rehabilitation Equipment Market Size Growth Forecast: What to Expect by 2025?
In recent times, there has been a significant growth in the size of the rehabilitation equipment market. Projected to increase from $17.36 billion in 2024, it is expected to reach $18.49 billion in 2025, with a compound annual…

Future of the Pediatric Neurology Device Market: Strategic Analysis and Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Pediatric Neurology Device Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for pediatric neurology devices has seen significant expansion in recent years, climbing from $2.5 billion in 2024 to an anticipated $2.65 billion in 2025, reflecting a compound annual growth rate (CAGR)…

Key Trends Influencing the Growth of the Orthokeratology Lens Market in 2025: In …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Orthokeratology Lens Market Through 2025?
The market for orthokeratology lenses has seen a significant increase in size over recent years. It's projected to expand from $2.56 billion in 2024 to $2.75 billion in 2025, with a compound annual growth rate (CAGR) of…
More Releases for Product
Genstore Ranks #1 Product of the Day on Product Hunt
Los Angeles - September 11, 2025 - Genstore [https://www.genstore.ai/], an AI-native e-commerce platform, ranked #1 Product of the Day on Product Hunt and emerged as one of the week's top-trending products. The recognition underscores strong community support for Genstore's mission to make advanced commerce simple, accessible, and cost-efficient for small and medium-sized businesses worldwide.
Image: https://www.globalnewslines.com/uploads/2025/09/ab03aa9cb9a17e4c42e998d53f216bde.jpg
"Genstore lets anyone start selling online with just a prompt. But of course, that's just the…
Large Volume Parenteral Product Market New Product Development & Latest Trends
The global Large Volume Parenteral (LVP) market is poised for significant growth, projected to reach a value of approximately $12.5 billion in 2024. During the forecast period from 2025 to 2034, the market is expected to expand at a robust Compound Annual Growth Rate (CAGR) of 6.5%, culminating in an estimated market value of $22 billion by 2034.
Exactitude Consultancy., Ltd. released a research report offers a comprehensive examination of the…
Product technology, product usage tips, industry trends
Product Craftsmanship: Yiwu LABON Stationery Co., Ltd. Showcases Superior Craftsmanship in OEM Notebooks
Yiwu LABON Stationery Co., Ltd., established in 2003, has built a reputation for exceptional craftsmanship in the OEM notebook industry. Our factory-based company combines traditional techniques with modern innovation to create notebooks that stand out for their quality and design. Each notebook crafted by Yiwu LABON represents a meticulous process where attention to detail and precision are paramount.…
Product List: The Ultimate Destination for Product and Deal Discovery
Finding the right product or tool to suit your needs can be a daunting task, and securing the best deal on them can be equally challenging.
Each day, plenty of tools are launched, each with unique use cases. Individuals across various industries can benefit from these tools as they simplify their tasks compared to traditional methods. However, it's essential to consider the cost, as some tools are free while others come…
Logistics Packaging Market Enhance Product Safety, Maintain Product Quality, Ext …
MarketResearchReports.Biz presents this most up-to-date research on "Logistics Packaging Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028"
The global logistics sector continues to develop at an impressive rate. As a result, the packaging industry is undergoing enormous changes with specified focus on posing innovative packaging tools/products to various industry verticals. Logistics packaging is primarily done to enhance product safety, maintain product quality, extended product storage, and cater to other aspects…
Product News: Release of Product Update
Here’s some important product news for EXA40/EXA24160 and EXA48600/EXA32100. The last software versions include several new features that improve our solutions further. Our latest product update is part of our ongoing effort to offer better and improved products to meet the needs of the changing network infrastructure.
EXA40/EXA24160 Version 1.6.2
Generic Header Stripping
By now the EXA40/EXA24160 supports a generic header stripping function. This function allows removing encapsulations by defining an offset (in…