Market Overview:
The global PLM and engineering software market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for cloud-based PLM and engineering software solutions by small and medium-sized enterprises (SMEs) and large enterprises. Additionally, the growing trend of Industry 4.0 is also expected to fuel the growth of the global PLM and engineering software market during the forecast period. On-premises PLM and engineering software solutions are currently preferred by large enterprises due to their ability to provide enhanced security features as well as better control over data privacy.
Product Definition:
PLM is a software application that helps manage product data. Engineering software is a type of PLM software used by engineers to design products. The importance of PLM and engineering software is that it helps companies manage their product data, which can help improve efficiency and communication among teams.
On-premises:
On-premises software is installed and used in an organization's internal network. It can be accessed only by authorized users with proper authentication credentials. The growth factor for on-premises software is the need to access data and information securely within an organization, which helps in improving productivity and reducing costs related to IT infrastructure.
On-demand, Cloud based:
On-demand, cloud based and it's usage in PLM and Engineering Software market? On-demand, cloud based software is a type of software service that allows users to access data from a remote location. It provides services such as e-mail, web hosting, instant messaging over the internet. The growth of this industry can be attributed to factors such as increasing demand for mobility in enterprises coupled with growing adoption of Software as a Service (SaaS) model by end users.
Application Insights:
The small and medium-sized enterprises segment held the largest market share in 2017. This is attributed to the growing preference for using software that can help companies in streamlining their processes and resources effectively. The large enterprises segment is expected to grow at a significant rate over the forecast period owing to various factors such as increasing demand for products from multiple departments within an organization, need for managing complex projects with multiple vendors, and need to manage project cost, schedule, quality & scope efficiently across different engineering teams.
PLM solutions are being widely adopted by large organizations as they offer benefits such as improved communication between design teams through digital models; reduced time consumed in analyzing designs; increased productivity through easy-to-use tools; enhanced decision making by providing data on product suitability; reduction of risks due to accurate information on product performance.; efficient use of resources by enabling effective collaboration among departments involved in designing products or manufacturing processes.; easy access to external suppliers who can provide additional expertise when required.
Regional Analysis:
The North American regional market dominated the global PLM and engineering software industry in 2016. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing investments in R&D, growing demand for products that are easy to use and understand, along with a strong presence of industry players.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to an increase in spending on infrastructure development across several countries such as China, India, Japan and Australia among others. In addition, rising awareness regarding safety standards required by regulatory bodies such as ASME & ISO is also expected drive regional growth during the forecast period.
Growth Factors:
- Increasing demand for customized products and shorter product life cycles
- Rising need to improve quality and productivity while reducing costs
- Proliferation of new technologies and the growing complexity of products
- The increasing trend towards outsourcing and globalization
- Growing number of engineering graduates
Scope Of The Report
Report Attributes
Report Details
Report Title
PLM and Engineering Software Market Research Report
By Type
On-premises, On-demand, Cloud based
By Application
Small and medium-sized enterprises, Large enterprises
By Companies
Dassault Systemes, Synopsys, Autodesk, Siemens PLM Software, Ansys Inc., Hexagon, Cadence Design Systems, PTC, Mentor, a Siemens Business, Bentley Systems Inc., SAP, Honeywell, Rockwell Automation
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
154
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global PLM and Engineering Software Market Report Segments:
The global PLM and Engineering Software market is segmented on the basis of:
Types
On-premises, On-demand, Cloud based
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
Small and medium-sized enterprises, 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:
- Dassault Systemes
- Synopsys
- Autodesk
- Siemens PLM Software
- Ansys Inc.
- Hexagon
- Cadence Design Systems
- PTC
- Mentor, a Siemens Business
- Bentley Systems Inc.
- SAP
- Honeywell
- Rockwell Automation
Highlights of The PLM and Engineering 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:
- On-premises
- On-demand, Cloud based
- By Application:
- Small and medium-sized enterprises
- 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 PLM and Engineering 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
Frequently Asked Questions?
PLM (Product Lifecycle Management) is a software application that helps organizations manage product development from conception to delivery. Engineering software can automate and optimize the design, development, testing, and deployment of products.
Some of the major companies in the plm and engineering software market are Dassault Systemes, Synopsys, Autodesk, Siemens PLM Software, Ansys Inc., Hexagon, Cadence Design Systems, PTC, Mentor, a Siemens Business, Bentley Systems Inc., SAP, Honeywell, Rockwell Automation.
The plm and engineering software market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 PLM and Engineering Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 PLM and Engineering Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 PLM and Engineering Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the PLM and Engineering Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global PLM and Engineering Software Market Size & Forecast, 2018-2028
4.5.1 PLM and Engineering Software Market Size and Y-o-Y Growth
4.5.2 PLM and Engineering Software Market Absolute $ Opportunity
Chapter 5 Global PLM and Engineering Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 PLM and Engineering Software Market Size Forecast by Type
5.2.1 On-premises
5.2.2 On-demand
5.2.3 Cloud based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global PLM and Engineering Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 PLM and Engineering Software Market Size Forecast by Applications
6.2.1 Small and medium-sized enterprises
6.2.2 Large enterprises
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global PLM and Engineering Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 PLM and Engineering Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America PLM and Engineering Software Analysis and Forecast
9.1 Introduction
9.2 North America PLM and Engineering Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America PLM and Engineering Software Market Size Forecast by Type
9.6.1 On-premises
9.6.2 On-demand
9.6.3 Cloud based
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America PLM and Engineering Software Market Size Forecast by Applications
9.10.1 Small and medium-sized enterprises
9.10.2 Large enterprises
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe PLM and Engineering Software Analysis and Forecast
10.1 Introduction
10.2 Europe PLM and Engineering Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe PLM and Engineering Software Market Size Forecast by Type
10.6.1 On-premises
10.6.2 On-demand
10.6.3 Cloud based
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe PLM and Engineering Software Market Size Forecast by Applications
10.10.1 Small and medium-sized enterprises
10.10.2 Large enterprises
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific PLM and Engineering Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific PLM and Engineering Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific PLM and Engineering Software Market Size Forecast by Type
11.6.1 On-premises
11.6.2 On-demand
11.6.3 Cloud based
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific PLM and Engineering Software Market Size Forecast by Applications
11.10.1 Small and medium-sized enterprises
11.10.2 Large enterprises
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America PLM and Engineering Software Analysis and Forecast
12.1 Introduction
12.2 Latin America PLM and Engineering Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America PLM and Engineering Software Market Size Forecast by Type
12.6.1 On-premises
12.6.2 On-demand
12.6.3 Cloud based
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America PLM and Engineering Software Market Size Forecast by Applications
12.10.1 Small and medium-sized enterprises
12.10.2 Large enterprises
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) PLM and Engineering Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) PLM and Engineering Software Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) PLM and Engineering Software Market Size Forecast by Type
13.6.1 On-premises
13.6.2 On-demand
13.6.3 Cloud based
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) PLM and Engineering Software Market Size Forecast by Applications
13.10.1 Small and medium-sized enterprises
13.10.2 Large enterprises
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 PLM and Engineering Software Market: Competitive Dashboard
14.2 Global PLM and Engineering Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Dassault Systemes
14.3.2 Synopsys
14.3.3 Autodesk
14.3.4 Siemens PLM Software
14.3.5 Ansys Inc.
14.3.6 Hexagon
14.3.7 Cadence Design Systems
14.3.8 PTC
14.3.9 Mentor, a Siemens Business
14.3.10 Bentley Systems Inc.
14.3.11 SAP
14.3.12 Honeywell
14.3.13 Rockwell Automation
