PLM in Discrete Manufacturing: Critical Driver Shaping the PLM In Discrete Manufacturing Market On The Rise With Growing Adoption Of Smart Factories And Manufacturing Market in 2025

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PLM in Discrete Manufacturing Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of PLM in discrete manufacturing has seen impressive growth in the past few years. It is projected to rise from $23.16 billion in 2024 to $24.62 billion in 2025, boasting a compound annual growth rate (CAGR) of 6.3%. The past period's growth can be attributed to various factors such as globalization and distributed manufacturing, heightened product complexity, regulatory compliance and quality assurance, expedited innovation cycles, and initiatives towards cost reduction and efficiency enhancement.

PLM in Discrete Manufacturing Market Size Forecast: What's the Projected Valuation by 2029?
The market size of PLM in discrete manufacturing is projected to undergo significant expansion in the upcoming years, rising to a value of $35.65 billion by 2029, growing at a compound annual growth rate (CAGR) of 9.7%. The anticipated growth within this period is driven by factors such as the digital transformation and industry 4.0, a focus on sustainability and reducing environmental impact, advanced simulation, and virtual prototyping, coupled with collaboration efforts across an expanded ecosystem. The forecast period will also witness trends like an integrated approach to product development, the integration of the Internet of Things (IoT), the use of sophisticated analytics and simulation, and the rise of additive manufacturing, such as 3D printing.

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What Are the Drivers Transforming the PLM in Discrete Manufacturing Market?
The rise in the utilization of smart factories and smart manufacturing is expected to significantly contribute to the growth of PLM in the discrete manufacturing market. A smart factory is essentially a digital manufacturing establishment, while smart manufacturing uses a technological approach that leverages internet-connected machinery to oversee the manufacturing process. PLM Discrete augments smart factories and smart manufacturing by using the data gathered to improve procedures and address potential issues. For example, Plex Systems, a US-based software firm active in the PLM in the discrete manufacturing market, reported in its 7th annual state of smart manufacturing report in March 2022 that smart manufacturing adoption rates saw a 50% rise over a twelve month span and that two-thirds of all manufacturers are employing some form of smart manufacturing component. Consequently, the growing popularity of smart factories and smart manufacturing is propelling the growth of the PLM in the discrete manufacturing market.

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What Long-Term Trends Will Define the Future of the PLM in Discrete Manufacturing Market?
Strategic partnerships are an emerging trend that is gaining momentum in the discrete manufacturing PLM market. Major players in the PLM discrete manufacturing market are pursuing collaborations to fortify their market standing. For instance, in January 2022, US-based Siemens' Capital software became the principal platform for the creation of electrical and electronic (E/E) systems and technical electrical harness manufacturing for Airbus. As a result of the expanded partnership, support for Airbus' Lean PLM setting has been improved, bolstering collaboration and efficiency among its multi-country development groups. These alliances enable these sectors to tap into cutting-edge technologies to boost performance, foster innovation, and augment the overall quality of products. Airbus, an enterprise based in Europe, is reputed for its avant-garde approach to aerospace engineering, with an emphasis on sustainability and effectiveness.

Which Segments in the PLM in Discrete Manufacturing Market Offer the Most Profit Potential?
The plm in discrete manufacturing market covered in this report is segmented -

1) By Component: Software, Services
2) By Enterprise Size: Large Enterprises, Small And Medium Enterprises
3) By Deployment Model: On-Premise, Cloud
4) By Industry Vertical: Automotive And Transportation, Industrial Machinery And Heavy Equipment, High-Tech And Consumer Electronics, Aerospace And Defense, Other Industry Verticals

Subsegments:
1) By Software: Product Design Software, Collaboration Software, Configuration Management Software, Document Management Software, Analytics And Reporting Tools
2) By Services: Consulting Services, Implementation Services, Training And Support Services, Maintenance And Upgrades

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Which Firms Dominate the PLM in Discrete Manufacturing Market by Market Share and Revenue in 2025?
Major companies operating in the plm in discrete manufacturing market include 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

Which Regions Offer the Highest Growth Potential in the PLM in Discrete Manufacturing Market?
North America was the largest region in the PLM in discrete manufacturing market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the PLM in discrete manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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