Global Cloud Product Lifecycle Management (PLM) Software Market by Type (Public Cloud, Private Cloud, Hybrid Cloud), By Application (SMEs, Large Enterprises) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global cloud PLM software market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cloud-based PLM software from SMEs and large enterprises across the globe. Additionally, the growing trend of digital transformation is also fueling the growth of this market. The global cloud PLM software market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into public cloud, private cloud, and hybrid cloud. The public cloud segment is expected to hold a major share in this market during the forecast period owing to its low cost and easy accessibility. However, private clouds are gaining traction due their enhanced security features as compared to public clouds. On the basis of application, it can be classified into product design & development (PD&D), manufacturing operations management (MOM), quality management (QMS), supply chain management (SCM), sales & marketing operations management (SMOs) and others such as post-purchase support & services).



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Product Definition:

Cloud Product Lifecycle Management (PLM) Software is a software as a service (SaaS) application that helps businesses manage their product data and associated processes. The importance of Cloud Product Lifecycle Management Software is that it enables businesses to store product data in the cloud, which allows for real-time collaboration between team members, customers, and suppliers. Additionally, Cloud PLM Software can help automate workflows and improve communication between teams.

Public Cloud:

Public cloud is a group of services that are offered to the general public, and can be used by any organization without having to establish an account. The major difference between private and public clouds is that in a private cloud, the data being stored or computed on virtual servers owned by an individual or company whereas in a public cloud it’s hosted either on physical servers belonging to an individual/ company or virtual server provided by service provider.

Private Cloud:

Private cloud is a type of cloud computing that provides shared infrastructure, software, and services over a private network. It is also known as “Internal Cloud” or “On-premise Cloud”. Private clouds are managed and owned by an organization's in-house IT department; they are not provided to customers or third parties.

Application Insights:

The software is used across multiple application areas in the industry. The services are being increasingly adopted by Small and Medium-sized Enterprises (SMEs) to reduce the time consumed in developing, testing, and deploying applications. The PLM solutions are also being increasingly adopted by large enterprises as they offer a set of features required to manage product lifecycle including design management, development management, quality assurance & inspection tools.

The service offerings offered by cloud product life cycle management solutions have been attracting a lot of attention from various industries such as BFSI (Bankruptcy & Financial Services Industry), IT and telecom sectors among others which has resulted in increased adoption across SMEs over the past few years. This trend is expected to continue over the forecast period with larger SMEs opting for public cloud products while smaller enterprises preferring private or hybrid clouds depending on their requirements.

Regional Analysis:

North America dominated the global market in 2017. The growth of the region can be attributed to several factors such as increasing government initiatives, rising adoption of cloud technology and rapid digitalization. For instance, in 2015, the U.S Department of Defense (DoD) initiated a project named—Defense Innovation Initiative (DII). Under this initiative, DoD is planning to invest around USD X billion over a ten-year period with an aim to create new technologies that will help it save USDilo million annually by 2025.

The Asia Pacific regional market is expected to witness significant growth over the forecast period owing to increasing investments by various governments and enterprises for developing advanced software solutions for manufacturing processes and products lifecycle management activities. Furthermore, growing demand for consumer electronics products along with advancements in product design & development are anticipated to drive industry expansion across this region during the forecast period  (2018 - 2030).

Growth Factors:

Increased demand for cloud-based PLM software as it offers scalability and flexibility
Growing trend of Industry 4.0 and the Internet of Things (IoT) is expected to drive the demand for cloud-based PLM software over the forecast period
Proliferation of Bring Your Own Device (BYOD) policy is also expected to fuel the growth of Cloud-based PLM Software market
Rising need to manage product data across extended supply chains is also anticipated to propel the growth of Cloud-Based PLM Software market
Increasing focus on reducing manufacturing costs and improving operational efficiency is also projected to boost adoption rate of Cloud-Based PLM Software in near future


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Scope Of The Report
Report Attributes
Report Details
Report Title
Cloud Product Lifecycle Management (PLM) Software Market Research Report
By Type
Public Cloud, Private Cloud, Hybrid Cloud
By Application
SMEs, Large Enterprises
By Companies
Oracle, Upchain, Arena, Propel PLM, Dassault Systèmes, Siemens, NGC Software, inStyle Technologies, Exenta, Perforce, TECHNIA, PTC, Autodesk, Lascom, Epicor, FusePLM
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.

Global Cloud Product Lifecycle Management (PLM) Software Market Report Segments:
The global Cloud Product Lifecycle Management (PLM) Software market is segmented on the basis of:
Types
Public Cloud, Private Cloud, Hybrid Cloud
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
SMEs, Large Enterprises
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Oracle
Upchain
Arena
Propel PLM
Dassault Systèmes
Siemens
NGC Software
inStyle Technologies
Exenta
Perforce
TECHNIA
PTC
Autodesk
Lascom
Epicor
FusePLM



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Highlights of The Cloud Product Lifecycle Management (PLM) Software Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Public Cloud
Private Cloud
Hybrid Cloud
By Application:
SMEs
Large Enterprises
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Cloud Product Lifecycle Management (PLM) Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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