Learn about the global product lifecycle management market through The Business Research Company, which provides information on product lifecycle management market size, product lifecycle management market drivers and restraints, product lifecycle management market players, the COVID-19 impact on the product lifecycle management market, and more.

The product lifecycle management market is expected to grow at a CAGR of 8.0% from $30.77 billion in 2020 to reach $45.19 billion in 2025. The global product lifecycle management market size is expected to reach $70.26 billion in 2030, at a CAGR of 9.2%.

The growing adoption of product lifecycle management (PLM) by end-use industries is expected to propel the growth of the product lifecycle management (PLM) market in the coming years.

Request A Sample For The Global Product Lifecycle Management Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6225&type=smp

The product lifecycle management (PLM) market consists of sales of product lifecycle management software and services by entities (organizations, sole traders, and partnerships) that are engaged in providing a better strategic process for managing the complete journey of a product from initial ideation, development, service, and disposal. PLM refers to managing every step of the process involved with a product from raw material to finished product. The PLM process is inclusive of the manufacturing and marketing of the goods and involves pricing and advertising to expansion or cost-cutting. The concept of product life cycle management assists organizations in making smart business decisions.

Global Product Lifecycle Management Market Segments Include:

By Component: Software, Services

By Deployment: On-Premise, On-Cloud

By End-User: Automotive and Transportation, Industrial Machinery, Electronics and Semiconductors, Retail, Energy and Utilities, Aerospace and Defense, Pharmaceuticals, IT and Telecom, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the global product lifecycle management market, accounting for 36.5% of the total in 2021.

The adoption of cloud deployment is increasingly gaining traction in product lifecycle management. Cloud PLM software is a tool that is used for managing product lifecycles at any time and from any location. These programs can help users keep track of new designs and all the iterations. They can also improve communication and transparency among internal teams. The adoption of cloud technologies in the organization across various industries are increasing.

TBRC’s Product Lifecycle Management Market Report Covers:

Major Market Players: Oracle Corporation, Siemens AG, PTC Inc., Dassault Systèmes SE, Autodesk, Inc.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Product Lifecycle Management Market Report 2022  is one of a series of new reports from The Business Research Company that provides product lifecycle management market overviews, analyzes and forecasts market size, share, product lifecycle management market players, product lifecycle management market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s product lifecycle management market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here Is A List Of Similar Reports From The Business Research Company:

Strategy Advisory Global Market Report 2022 

Virtual Reality Services Global Market Report 2022 

Augmented Reality Services Global Market Report 2022 

Interested To Know More About The Business Research Company?

The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.

Read More About Us At https://www.thebusinessresearchcompany.com/about-the-business-research-company.aspx

Contact Us:

The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow us on Facebook: https://www.facebook.com/TheBusinessResearchCompany

Follow us on LinkedIn: https://in.linkedin.com/company/the-business-research-company
Follow us on Twitter: https://twitter.com/tbrc_info
Check out our Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found This Article Helpful? Share It On: