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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, as per The Business Research Company’s product lifecycle management market opportunities and strategies report.

The product lifecycle management market is expected to reach $45.19 billion in 2025. The global product lifecycle management market size is expected to reach $70.25 billion in 2030, at a CAGR of 9.2%.

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Major players in the product lifecycle management market include Oracle Corporation, Siemens AG, PTC Inc., Dassault Systèmes SE, Autodesk, Inc.

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.

The Global Product Lifecycle Management Market Is Segmented:
By Component: Software, And Services, Others

By Deployment: On-Premise, And On-Cloud, Others

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

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

TBRC’s Product Lifecycle Management Market Report Covers:

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 – Opportunities And Strategies – Global Forecast To 2030 is one of a series of new reports from The Business Research Company that provides thorough product lifecycle management market research, analyzes and forecasts product lifecycle management market size, product lifecycle management market share, product lifecycle management market players, product lifecycle management market trends, product lifecycle management market segmentation 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.

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.

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