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Product Lifecycle Management Market Revenue Poised for Significant Growth During the Forecast by 2030

Product Lifecycle Management Market Revenue Poised for Significant Growth During the Forecast by 2030

June 30
08:15 2022
Product Lifecycle Management Market Revenue Poised for Significant Growth During the Forecast by 2030
The growth of the market is governed by various factors such as growing demand from the automotive industry and government investment.

The global Product Lifecycle Management market is anticipated to grow at a significant rate owing to raid advancements and technological developments in the sector. The report offers strategic recommendations to the businesses and investors to capitalize on the lucrative growth opportunities of Product Lifecycle Management market. It also covers mergers and acquisitions, joint ventures, product launches, brand promotions, collaborations, agreements, and partnerships, among others. It also offers insights into the manufacturing processes, revenue estimations, R&D advancements, and industrial penetration of Product Lifecycle Management market.

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.

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Market Scope:

One of the report’s central components is the broad Product Lifecycle Management market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the Product Lifecycle Management market players.

Some major companies in the market report include Siemens AG, Oracle Corporation, Dassault Systemes, Autodesk, Inc., Aras Corporation, IBM, Kalypso, Accenture, Bamboo Rose and Propel.

Unfolding the prime factors prompting global market growth:

The study offers an in-depth analysis of the product outlook, which depicts the latest production growth trends and profit valuation. It further fragments the global Product Lifecycle Management market into a broad product spectrum.

The study covers essential data related to these products’ application landscape, the demand for and market share held by each application type, and their growth rate analysis over the estimated period.

A detailed description of the distribution channels, including distributors, producers, and buyers, is one of the report’s key market highlights.

The cloud segment is expected to register a significant market revenue growth owing to the fact that cloud-based PLM systems make it easier to implement, upgrade, and customize products.

The design and engineering segment is expected to grow considerably due to continuous digitalization and rapid spread of connected value chains.

The automotive and transportation segment is expected to register a steady growth. Expanding usage of digital manufacturing and integration of IoT in production of smart automobiles is expected to drive market growth in the automotive industry.

The North America is expected to register a considerable growth rate. Market players in the region can invest heavily in new solutions, such as IoT, augmented reality, telecommunication technology, and connected industries due to their strong financial position, providing competitive advantage in the market.

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Global Product Lifecycle Management Market Geographical Landscape – Synopsis:

The report closely studies the growth trajectory of the global Product Lifecycle Management It brings to light the global dominance of the leading regional segments, including North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.

The study elaborates on the crucial information pertaining to the regional market share. It simultaneously focuses on the significant details about the growth patterns of each regional market.

Moreover, the report encases an exhaustive geographical study of the market, emphasizing the business growth prospects and market barriers for each of the key market regions.

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Emergen Research has segmented the PLM market based on deployment mode, software, end-use, and region:

Deployment Mode Outlook (Revenue, USD Billion; 2019–2030)



Software Outlook (Revenue, USD Billion; 2019–2030)

Portfolio Management

Simulation & Change Management

Quality Management

Manufacturing Operations Management

Design & Engineering Management


End-Use Outlook (Revenue, USD Billion; 2019–2030)

Automotive & Transportation

IT & Telecom

Aerospace & Defense


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Key Points of Product Lifecycle Management Market:

Extensive coverage of the analysis of the Product Lifecycle Management market

Key insights into the regional spread of the industry in key geographies

Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of theProduct Lifecycle Management market

Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Product Lifecycle Management market

Complete data about the key manufacturers and vendors in the Product Lifecycle Management market

About Us:

At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

Media Contact
Company Name: Emergen Research
Contact Person: Eric Lee
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Phone: +1 (604) 757-9756
Address:14671 110 Avenue Surrey, British Columbia, V3R2A9
City: Surrey
State: British Columbia
Country: Canada