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Global Product Life Cycle Management (PLM) Market Report: By Component: Software, Services; By Deployment: On-Premises, Cloud; By Organisation Size: Small and Medium-Sized Enterprises, Large Enterprises; By End Use: Aerospace and Defence, Automotive and Transportation, Others; Regional Analysis; Competitive Landscape; 2024-2032
Product Life Cycle Management (PLM) Market Trends
The market is expanding due to the rising demand for product life cycle management among small and medium-sized enterprises in a variety of industrial verticals to reduce manufacturing costs.
During the forecast period, the product life cycle management (PLM) market value is expected to be increased by technological advancements including Augmented Reality (AR), additive manufacturing, and engineering. These technologies are anticipated to motivate businesses to add new functionality to their PLM solutions, which is anticipated to increase demand.
Product Life Cycle Management (PLM) Market Report Snapshots
Product Life Cycle Management (PLM) Market Size
Product Life Cycle Management (PLM) Market Growth
Product Life Cycle Management (PLM) Market Trends
Product Life Cycle Management (PLM) Market Share
Product Life Cycle Management (PLM) Companies
Product Life Cycle Management (PLM) Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Product Life Cycle Management (PLM) Market Analysis
8.1 Key Industry Highlights
8.2 Global Product Life Cycle Management (PLM) Historical Market (2018-2023)
8.3 Global Product Life Cycle Management (PLM) Market Forecast (2024-2032)
8.4 Global Product Life Cycle Management (PLM) Market by Component
8.4.1 Software
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Services
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.2.4 Breakup by Type
8.4.2.4.1 Consulting
8.4.2.4.2 Deployment and Integration
8.4.2.4.3 Support and Maintenance
8.4.2.4.4 Managed Services
8.5 Global Product Life Cycle Management (PLM) Market by Deployment
8.5.1 On-Premises
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Cloud
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.6 Global Product Life Cycle Management (PLM) Market by Organisation Size
8.6.1 Small and Medium-Sized Enterprises
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Large Enterprises
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.7 Global Product Life Cycle Management (PLM) Market by End Use
8.7.1 Aerospace and Defence
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Automotive and Transportation
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Healthcare
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2023)
8.7.3.3 Forecast Trend (2024-2032)
8.7.4 IT and Telecom
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2023)
8.7.4.3 Forecast Trend (2024-2032)
8.7.5 Industrial Equipment and Heavy Machinery
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2023)
8.7.5.3 Forecast Trend (2024-2032)
8.7.6 Retail
8.7.6.1 Market Share
8.7.6.2 Historical Trend (2018-2023)
8.7.6.3 Forecast Trend (2024-2032)
8.7.7 Semiconductor and Electronics
8.7.7.1 Market Share
8.7.7.2 Historical Trend (2018-2023)
8.7.7.3 Forecast Trend (2024-2032)
8.7.8 Others
8.8 Global Product Life Cycle Management (PLM) Market by Region
8.8.1 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Aras Corporation
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 PTC Inc.
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Oracle Corporation
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Siemens Aktiengesellschaft
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 SAP SE
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Others
12 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Product Life Cycle Management (PLM) Market: Key Industry Highlights, 2018 and 2032
2. Global Product Life Cycle Management (PLM) Historical Market: Breakup by Component (USD Million), 2018-2023
3. Global Product Life Cycle Management (PLM) Market Forecast: Breakup by Component (USD Million), 2024-2032
4. Global Product Life Cycle Management (PLM) Historical Market: Breakup by Deployment (USD Million), 2018-2023
5. Global Product Life Cycle Management (PLM) Market Forecast: Breakup by Deployment (USD Million), 2024-2032
6. Global Product Life Cycle Management (PLM) Historical Market: Breakup by Organisation Size (USD Million), 2018-2023
7. Global Product Life Cycle Management (PLM) Market Forecast: Breakup by Organisation Size (USD Million), 2024-2032
8. Global Product Life Cycle Management (PLM) Historical Market: Breakup by End Use (USD Million), 2018-2023
9. Global Product Life Cycle Management (PLM) Market Forecast: Breakup by End Use (USD Million), 2024-2032
10. Global Product Life Cycle Management (PLM) Historical Market: Breakup by Region (USD Million), 2018-2023
11. Global Product Life Cycle Management (PLM) Market Forecast: Breakup by Region (USD Million), 2024-2032
12. North America Product Life Cycle Management (PLM) Historical Market: Breakup by Country (USD Million), 2018-2023
13. North America Product Life Cycle Management (PLM) Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Europe Product Life Cycle Management (PLM) Historical Market: Breakup by Country (USD Million), 2018-2023
15. Europe Product Life Cycle Management (PLM) Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Asia Pacific Product Life Cycle Management (PLM) Historical Market: Breakup by Country (USD Million), 2018-2023
17. Asia Pacific Product Life Cycle Management (PLM) Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Latin America Product Life Cycle Management (PLM) Historical Market: Breakup by Country (USD Million), 2018-2023
19. Latin America Product Life Cycle Management (PLM) Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Middle East and Africa Product Life Cycle Management (PLM) Historical Market: Breakup by Country (USD Million), 2018-2023
21. Middle East and Africa Product Life Cycle Management (PLM) Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Global Product Life Cycle Management (PLM) Market Structure
Key Questions Answered in the Report
In 2023, the market for product life cycle management attained a value of nearly USD 32.66 billion.
The market is projected to grow at a CAGR of 7.60% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 63.00 billion by 2032.
The major drivers of the product life cycle management (PLM) market include the increasing demand for product life cycle management in small and medium enterprises, technological trends such as additive manufacturing and Augmented Reality (AR), increasing focus on building product innovation platforms, rising integration of IoT in producing smart automobiles, and rapid digitalisation.
The rising focus on developing smart products and factories and the increasing demand for cloud-based product life cycle management (PLM) solutions are the key industry trends propelling the growth of the market.
The major players in the industry are Aras Corporation, PTC Inc., Oracle Corporation, Siemens Aktiengesellschaft, and SAP SE, among others.
The five phases that make up a product’s life cycle are development, introduction, growth, maturity, and decline.
While ERP enables supply chain management, covering inventory, logistics, pricing, and payment, PLM assists in managing entire product development stages and procedures.
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