The Product Lifecycle Management (PLM) market size was USD 27.50 Billion in 2021 and is expected to register a revenue CAGR of 8.2% during the forecast period, according to the latest analysis by Emergen Research. Increasing focus on developing groundbreaking smart products is a key factor driving revenue growth of the market. In addition, increased efficiency in marketing offered by PLM systems is a major trend that is expected to drive revenue growth of the global market. Product Lifecycle Management (PLM) helps organizations to develop and introduce new products in the market. This software makes it easy to track and share data along with product value chain, from initial design through manufacturing, supply chain management and operations, and asset maintenance. PLM plays a critical role in helping manufacturers to develop the next generation of products, at a lower cost and with a faster time to market. PLM, provides a collaborative environment for teams to discuss and resolve issues at an early stage. It allows product information to move effortlessly between teams and data to be accessed from any platform around the world.
Furthermore, the report provides a comprehensive analysis of the factors that are likely to bolster or impede the growth of the market in the coming years. The report considers the COVID-19 pandemic that is currently unfolding as a key market influencer. The report provides a thorough estimation of the overall impact of the pandemic on the Product Lifecycle Management market and its vital segments. The report also discusses the impact of the pandemic across different regions of the market. It also offers a current and future assessment of the impact of the pandemic on the Product Lifecycle Management market.
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Key Players operating in the industry are:
Siemens AG, Oracle Corporation, Dassault Systemes, Autodesk,Inc., Aras Corporation, IBM, Kalypso, Accenture, Bamboo Rose and Propel
Radical Features of the Product Lifecycle Management Market Report:
- The report encompasses Product Lifecycle Management market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
- An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
- Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
- Supply chain analysis along with technological advancements offered in the report
- The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the Product Lifecycle Management industry
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Segmentation:
Deployment Mode Outlook (Revenue, USD Billion; 2019–2030)
- Cloud
- On-Premises
Software Outlook (Revenue, USD Billion; 2019–2030)
- Portfolio Management
- Simulation & Change Management
- Quality Management
- Manufacturing Operations Management
- Design & Engineering Management
- Others
End-Use Outlook (Revenue, USD Billion; 2019–2030)
- Automotive & Transportation
- IT & Telecom
- Aerospace & Defense
- Others
Regional Analysis Covers:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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