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.

The report is updated with the impact of the COVID-19 pandemic on the Product Lifecycle Management market. Every industry vertical across the globe has been affected by the pandemic, and the report assesses if the impact of the pandemic on the Product Lifecycle Management market has been positive or negative. It also sheds light on the effect of the financial difficulties and supply disruption caused by the pandemic in the overall growth of the market. Furthermore, the report covers a current and future impact assessment of the pandemic on the overall growth of the Product Lifecycle Management market.

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Competitive Outlook: The leading companies operating in the Product Lifecycle Management market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.

Top Companies Operating in the Product Lifecycle Management Market and Profiled in the Report are:

Siemens AG, Oracle Corporation, Dassault Systemes, Autodesk,Inc., Aras Corporation, IBM, Kalypso, Accenture, Bamboo Rose and Propel

Objectives of the Report:

Study of the global Product Lifecycle Management market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)

Industrial structure analysis of the Product Lifecycle Management market by identification of various sub-segments

Extensive analysis of key market players along with their SWOT analysis

Competitive landscape benchmarking

Analysis of Product Lifecycle Management market based on growth trends, futuristic outlook, and contribution to the total growth of the market

Analysis of drivers, constraints, opportunities, challenges, and risks in the global Product Lifecycle Management market

Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances

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Segments Covered in this report are:

• 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 Segmentation:

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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