The global product lifecycle management market size is expected to reach around US$ 120.38 billion by 2030 from US$ 61.57 billion in 2021 and is expected to grow at an impressive double-digit rate of 7.7% from 2022 to 2030.
The study includes drivers and restraints of this market. The study provides an analysis of the global product lifecycle management market for the period 2017-2030, wherein 2022 to 2030 is the forecast period and 2021 is considered as the base year.
The increased usage ofproduct lifecycle management solutions that can leverage internet of things data is projected to be a major driver driving the expansion of the product lifecycle management market.
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Market Overview
The increasing demand for Product Lifecycle Management (PLM) solutions in small and medium enterprises across various industry verticals to optimize the manufacturing cost is fostering the market growth. Some products such as change management, bills of fabric, cost management, compliance, data management, and governance management are estimated to realize traction over the forecast period. Moreover, digital transformation in several industries and the growing use of Industrial Internet of Things (IIoT) devices is expected to drive the utility of PLM solutions across various industries.
Various factors such as commercialization, R&D, internal and external process complexity, and inaccurate product information, among others are expected to influence the profitability and growth of the market. Electronic Design Automation (EDA) utilized in designing electronic systems such as computer circuit boards and integrated circuits are probably going to foster the utility of PLM software within the electronics and automotive industries. Moreover, technological trends such as additive manufacturing and engineering Augmented Reality (AR), and computer game (VR) is predicted to drive the market during the forecast period. These technologies are expected to encourage companies to figure toward enabling their PLM solutions with new capabilities, which is projected to extend the demand.
Companies across various industries and industry verticals are gradually comprehending the benefits of IoT data for upscaling the lifecycle management of products and services and hence have focused towards the adoption of PLM systems. Rapidly increasing demand for PLM solutions capable of leveraging IoT data is positively impacting the Product Lifecycle Management (PLM) market over the forecast period.
Key Findings of Market Report
- Cloud product lifecycle management software is gaining traction in a variety of end markets. The software is producing value-grab possibilities for businesses since it is simple to install and allows for real-time collaboration. As a result, PLM assists internal teams as well as supply chain partners in designing, developing, and manufacturing high-quality products for company's target consumers.
- In addition to consumer products and retail, product lifecycle management (PLM) suppliers are pursuing possibilities in the defense & aerospace industry. End customers are increasing the demand for PLM software in the industry, as products are potentially complicated and interconnected. Firms are developing innovative PLM systems capable of simplifying the flow of information due to continual innovation in the aerospace & defense industry. Companies can improve their engagement with the extended supply chain and conduct concurrent development across cross-departmental teams with product lifecycle management.
- PLM cloud-based solutions have allowed SMEs to retain their product design activities with minimal expenses. PLM suppliers have begun to offer a variety of cloud-based products, which has sped the adoption of cloud-based PLM software. In addition, cloud-based PLM solutions allow for the cost-effective incorporation of mobile devices and analytics.
- Due to the increasing demand in companies, on-premise digital manufacturing software is expected to expand at a substantial pace of 7.6% during the forecast period. By conducting data management and process optimization during the product development cycle, this software increases the overall efficacy of manufacturing processes, propelling the global product lifecycle management (PLM) market.
Why should you invest in this report?
If you are aiming to enter the global product lifecycle management market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for product lifecycle management are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Some of the prominent players in the global product lifecycle management market include:
- Siemens AG
- TCS
- Dassault Systems
- IBM Corporation
- Arena
- Propel
- FusePLM
- Inflectra
- SAP SE
- Autodesk Inc.
Segments Covered in the Report
By Software
- Portfolio Management
- Design & Engineering Management
- Quality & Compliance Management
- Simulation, Testing & Change Management
- Manufacturing Operations Management
- Others
By Deployment
- On-premise
- Cloud
By End Use
- Aerospace & Defense
- Automotive & Transportation
- Healthcare
- IT & Telecom
- Industrial Equipment & Heavy Machinery
- Retail
- Semiconductor & Electronics
- Others
By Service
- Professional Services
- Deployment and Integration
- Consulting
- Support and Maintenance
- Managed Services
By Organization size
- Small and Medium-sized Enterprises (SMEs)
- Large enterprises
By Geography
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Philippines
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa (MEA)
- GCC
- North Africa
- South Africa
- Rest of the Middle East & Africa
Regional Analysis:
The geographical analysis of the global product lifecycle management market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American Market is again segmented into the US, Canada, and Mexico. Coming to the European Market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global product lifecycle management Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global product lifecycle management market in 2030?
- What is the expected CAGR for the product lifecycle management market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global product lifecycle management market?
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Product Lifecycle Management Market
5.1. COVID-19 Landscape: Product Lifecycle Management Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Product Lifecycle Management Market, By Software
8.1. Product Lifecycle Management Market, by Software, 2022-2030
8.1.1. Portfolio Management
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Design & Engineering Management
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Quality & Compliance Management
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Simulation, Testing & Change Management
8.1.4.1. Market Revenue and Forecast (2017-2030)
8.1.5. Manufacturing Operations Management
8.1.5.1. Market Revenue and Forecast (2017-2030)
8.1.6. Others
8.1.6.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Product Lifecycle Management Market, By Deployment Type
9.1. Product Lifecycle Management Market, by Deployment Type, 2022-2030
9.1.1. On-premise
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Cloud
9.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Product Lifecycle Management Market, By End Use
10.1. Product Lifecycle Management Market, by End Use, 2022-2030
10.1.1. Aerospace & Defense
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Automotive & Transportation
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Healthcare
10.1.3.1. Market Revenue and Forecast (2017-2030)
10.1.4. IT & Telecom
10.1.4.1. Market Revenue and Forecast (2017-2030)
10.1.5. Industrial Equipment & Heavy Machinery
10.1.5.1. Market Revenue and Forecast (2017-2030)
10.1.6. Retail
10.1.6.1. Market Revenue and Forecast (2017-2030)
10.1.7. Semiconductor & Electronics
10.1.7.1. Market Revenue and Forecast (2017-2030)
10.1.8. Others
10.1.8.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Product Lifecycle Management Market, By Service
11.1. Product Lifecycle Management Market, by Service, 2022-2030
11.1.1. Professional Services
11.1.1.1. Market Revenue and Forecast (2017-2030)
11.1.2. Managed Services
11.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 12. Global Product Lifecycle Management Market, By Organization Size
12.1. Product Lifecycle Management Market, by Organization Size, 2022-2030
12.1.1. Small and Medium-sized Enterprises (SMEs)
12.1.1.1. Market Revenue and Forecast (2017-2030)
12.1.2. Large enterprises
12.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 13. Global Product Lifecycle Management Market, Regional Estimates and Trend Forecast
13.1. North America
13.1.1. Market Revenue and Forecast, by Software (2017-2030)
13.1.2. Market Revenue and Forecast, by Deployment (2017-2030)
13.1.3. Market Revenue and Forecast, by End Use (2017-2030)
13.1.4. Market Revenue and Forecast, by Service (2017-2030)
13.1.5. Market Revenue and Forecast, by Organization Size (2017-2030)
13.1.6. U.S.
13.1.6.1. Market Revenue and Forecast, by Software (2017-2030)
13.1.6.2. Market Revenue and Forecast, by Deployment (2017-2030)
13.1.6.3. Market Revenue and Forecast, by End Use (2017-2030)
13.1.6.4. Market Revenue and Forecast, by Service (2017-2030)
13.1.7. Market Revenue and Forecast, by Organization Size (2017-2030)
13.1.8. Rest of North America
13.1.8.1. Market Revenue and Forecast, by Software (2017-2030)
13.1.8.2. Market Revenue and Forecast, by Deployment (2017-2030)
13.1.8.3. Market Revenue and Forecast, by End Use (2017-2030)
13.1.8.4. Market Revenue and Forecast, by Service (2017-2030)
13.1.8.5. Market Revenue and Forecast, by Organization Size (2017-2030)
13.2. Europe
13.2.1. Market Revenue and Forecast, by Software (2017-2030)
13.2.2. Market Revenue and Forecast, by Deployment (2017-2030)
13.2.3. Market Revenue and Forecast, by End Use (2017-2030)
13.2.4. Market Revenue and Forecast, by Service (2017-2030)
13.2.5. Market Revenue and Forecast, by Organization Size (2017-2030)
13.2.6. UK
13.2.6.1. Market Revenue and Forecast, by Software (2017-2030)
13.2.6.2. Market Revenue and Forecast, by Deployment (2017-2030)
13.2.6.3. Market Revenue and Forecast, by End Use (2017-2030)
13.2.7. Market Revenue and Forecast, by Service (2017-2030)
13.2.8. Market Revenue and Forecast, by Organization Size (2017-2030)
13.2.9. Germany
13.2.9.1. Market Revenue and Forecast, by Software (2017-2030)
13.2.9.2. Market Revenue and Forecast, by Deployment (2017-2030)
13.2.9.3. Market Revenue and Forecast, by End Use (2017-2030)
13.2.10. Market Revenue and Forecast, by Service (2017-2030)
13.2.11. Market Revenue and Forecast, by Organization Size (2017-2030)
13.2.12. France
13.2.12.1. Market Revenue and Forecast, by Software (2017-2030)
13.2.12.2. Market Revenue and Forecast, by Deployment (2017-2030)
13.2.12.3. Market Revenue and Forecast, by End Use (2017-2030)
13.2.12.4. Market Revenue and Forecast, by Service (2017-2030)
13.2.13. Market Revenue and Forecast, by Organization Size (2017-2030)
13.2.14. Rest of Europe
13.2.14.1. Market Revenue and Forecast, by Software (2017-2030)
13.2.14.2. Market Revenue and Forecast, by Deployment (2017-2030)
13.2.14.3. Market Revenue and Forecast, by End Use (2017-2030)
13.2.14.4. Market Revenue and Forecast, by Service (2017-2030)
13.2.15. Market Revenue and Forecast, by Organization Size (2017-2030)
13.3. APAC
13.3.1. Market Revenue and Forecast, by Software (2017-2030)
13.3.2. Market Revenue and Forecast, by Deployment (2017-2030)
13.3.3. Market Revenue and Forecast, by End Use (2017-2030)
13.3.4. Market Revenue and Forecast, by Service (2017-2030)
13.3.5. Market Revenue and Forecast, by Organization Size (2017-2030)
13.3.6. India
13.3.6.1. Market Revenue and Forecast, by Software (2017-2030)
13.3.6.2. Market Revenue and Forecast, by Deployment (2017-2030)
13.3.6.3. Market Revenue and Forecast, by End Use (2017-2030)
13.3.6.4. Market Revenue and Forecast, by Service (2017-2030)
13.3.7. Market Revenue and Forecast, by Organization Size (2017-2030)
13.3.8. China
13.3.8.1. Market Revenue and Forecast, by Software (2017-2030)
13.3.8.2. Market Revenue and Forecast, by Deployment (2017-2030)
13.3.8.3. Market Revenue and Forecast, by End Use (2017-2030)
13.3.8.4. Market Revenue and Forecast, by Service (2017-2030)
13.3.9. Market Revenue and Forecast, by Organization Size (2017-2030)
13.3.10. Japan
13.3.10.1. Market Revenue and Forecast, by Software (2017-2030)
13.3.10.2. Market Revenue and Forecast, by Deployment (2017-2030)
13.3.10.3. Market Revenue and Forecast, by End Use (2017-2030)
13.3.10.4. Market Revenue and Forecast, by Service (2017-2030)
13.3.10.5. Market Revenue and Forecast, by Organization Size (2017-2030)
13.3.11. Rest of APAC
13.3.11.1. Market Revenue and Forecast, by Software (2017-2030)
13.3.11.2. Market Revenue and Forecast, by Deployment (2017-2030)
13.3.11.3. Market Revenue and Forecast, by End Use (2017-2030)
13.3.11.4. Market Revenue and Forecast, by Service (2017-2030)
13.3.11.5. Market Revenue and Forecast, by Organization Size (2017-2030)
13.4. MEA
13.4.1. Market Revenue and Forecast, by Software (2017-2030)
13.4.2. Market Revenue and Forecast, by Deployment (2017-2030)
13.4.3. Market Revenue and Forecast, by End Use (2017-2030)
13.4.4. Market Revenue and Forecast, by Service (2017-2030)
13.4.5. Market Revenue and Forecast, by Organization Size (2017-2030)
13.4.6. GCC
13.4.6.1. Market Revenue and Forecast, by Software (2017-2030)
13.4.6.2. Market Revenue and Forecast, by Deployment (2017-2030)
13.4.6.3. Market Revenue and Forecast, by End Use (2017-2030)
13.4.6.4. Market Revenue and Forecast, by Service (2017-2030)
13.4.7. Market Revenue and Forecast, by Organization Size (2017-2030)
13.4.8. North Africa
13.4.8.1. Market Revenue and Forecast, by Software (2017-2030)
13.4.8.2. Market Revenue and Forecast, by Deployment (2017-2030)
13.4.8.3. Market Revenue and Forecast, by End Use (2017-2030)
13.4.8.4. Market Revenue and Forecast, by Service (2017-2030)
13.4.9. Market Revenue and Forecast, by Organization Size (2017-2030)
13.4.10. South Africa
13.4.10.1. Market Revenue and Forecast, by Software (2017-2030)
13.4.10.2. Market Revenue and Forecast, by Deployment (2017-2030)
13.4.10.3. Market Revenue and Forecast, by End Use (2017-2030)
13.4.10.4. Market Revenue and Forecast, by Service (2017-2030)
13.4.10.5. Market Revenue and Forecast, by Organization Size (2017-2030)
13.4.11. Rest of MEA
13.4.11.1. Market Revenue and Forecast, by Software (2017-2030)
13.4.11.2. Market Revenue and Forecast, by Deployment (2017-2030)
13.4.11.3. Market Revenue and Forecast, by End Use (2017-2030)
13.4.11.4. Market Revenue and Forecast, by Service (2017-2030)
13.4.11.5. Market Revenue and Forecast, by Organization Size (2017-2030)
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Software (2017-2030)
13.5.2. Market Revenue and Forecast, by Deployment (2017-2030)
13.5.3. Market Revenue and Forecast, by End Use (2017-2030)
13.5.4. Market Revenue and Forecast, by Service (2017-2030)
13.5.5. Market Revenue and Forecast, by Organization Size (2017-2030)
13.5.6. Brazil
13.5.6.1. Market Revenue and Forecast, by Software (2017-2030)
13.5.6.2. Market Revenue and Forecast, by Deployment (2017-2030)
13.5.6.3. Market Revenue and Forecast, by End Use (2017-2030)
13.5.6.4. Market Revenue and Forecast, by Service (2017-2030)
13.5.7. Market Revenue and Forecast, by Organization Size (2017-2030)
13.5.8. Rest of LATAM
13.5.8.1. Market Revenue and Forecast, by Software (2017-2030)
13.5.8.2. Market Revenue and Forecast, by Deployment (2017-2030)
13.5.8.3. Market Revenue and Forecast, by End Use (2017-2030)
13.5.8.4. Market Revenue and Forecast, by Service (2017-2030)
13.5.8.5. Market Revenue and Forecast, by Organization Size (2017-2030)
Chapter 14. Company Profiles
14.1. Siemens AG
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. TCS
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. Dassault Systems
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. IBM Corporation
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. Arena
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. Propel
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
14.7. FusePLM
14.7.1. Company Overview
14.7.2. Product Offerings
14.7.3. Financial Performance
14.7.4. Recent Initiatives
14.8. Inflectra
14.8.1. Company Overview
14.8.2. Product Offerings
14.8.3. Financial Performance
14.8.4. Recent Initiatives
14.9. SAP SE
14.9.1. Company Overview
14.9.2. Product Offerings
14.9.3. Financial Performance
14.9.4. Recent Initiatives
14.10. Autodesk Inc.
14.10.1. Company Overview
14.10.2. Product Offerings
14.10.3. Financial Performance
14.10.4. Recent Initiatives
Chapter 15. Research Methodology
15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions
Chapter 16. Appendix
16.1. About Us
16.2. Glossary of Terms
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