PLM in Discrete Manufacturing Market Expansion Continues, with Forecast Valuation of $34.92 Billion by 2029

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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 experienced substantial growth lately. It is projected to rise from $23.16 billion in 2024 to $24.46 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 5.6%. The expansion over the historical period is due to factors such as globalization and dispersed manufacturing, elevated product intricacy, regulatory conformity and quality assurance, quickened innovation cycles, cost slashing and enhancement in efficiency.

PLM in Discrete Manufacturing Market Size Forecast: What's the Projected Valuation by 2029?
The discrete manufacturing sector of the plm market is anticipated to witness significant expansion in the coming years, reaching $34.92 billion in 2029 with a compound annual growth rate (CAGR) of 9.3%. This expected growth within the forecast period can be ascribed to factors such as the digital transformation and the advent of the industry 4.0, a focus on sustainability and environmental impacts, sophisticated simulation and digital prototyping and collaboration across extended ecosystems. The upcoming period will host major trends including integrated product development, IoT integration, advanced analytics and simulation, and additive manufacturing (3d printing).

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What Are the Drivers Transforming the PLM in Discrete Manufacturing Market?
The increasing uptake of intelligent industrial facilities and technology-driven manufacturing is anticipated to stimulate the proliferation of PLM in the discrete manufacturing market. An intelligent industrial facility (smart factory) is a digitalized production facility, while technology-driven manufacturing (smart manufacturing) is an approach that employs machinery connected to the internet to oversee the production process. PLM Discrete aids intelligent factories and technology-driven manufacturing by using the data gathered to improve processes and tackle possible issues. For example, Plex Systems, a US software company active in the PLM in the discrete manufacturing market, reported in its 7th annual State of Smart Manufacturing Report in March 2022, a 50% rise in the adoption of smart manufacturing over a year, with two-thirds of manufacturers implementing some form of smart manufacturing component. As such, the increasing uptake of intelligent factories and technology-driven manufacturing is driving the expansion 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 alliances have been identified as a central trend that is gathering momentum in the discrete manufacturing PLM sector. Major firms active in the PLM discrete manufacturing arena are seeking collaborations to bolster their standing. For example, Siemens' Capital software, an American company, propelled its collaborative efforts in January 2022 when it became the main platform for Airbus's electrical and electronic systems design and electrical harness manufacturing engineering. This collaboration was expanded to accommodate the Lean PLM environment of Airbus, improving cooperation and effectiveness across its development teams spanning multiple countries. This type of collaboration allows these sectors to utilize cutting-edge technology to boost efficiency, foster innovation, and enhance overall product quality. Airbus, based in Europe, is recognized for its innovative approach to aerospace engineering with a focus on sustainability and efficiency.

Which Segments in the PLM in Discrete Manufacturing Market Offer the Most Profit Potential?
The plm in discrete manufacturingmarket 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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