Market Overview:
The global product lifecycle management (PLM) market is expected to grow from USD 9.02 billion in 2018 to USD 16.14 billion by 2030, at a CAGR of 7.0% from 2018 to 2030. The growth of the PLM market is attributed to the increasing demand for cloud-based PLM solutions and the growing trend of Industry 4.0 across the globe. The global product lifecycle management (PLM) market is segmented on the basis of type, application, and region. On the basis of type, the PLM market is segmented into cloud-based and on-premises segments.
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Product Definition:
Product Lifecycle Management (PLM) is a business process for managing the entire life of a product, from inception to disposal. PLM includes processes for managing design, development, production, distribution, and service and support. The goal of PLM is to ensure that products are delivered to customers on time and within budget while meeting performance requirements.
The importance of PLM cannot be overstated. It can help companies reduce costs, improve quality and accelerate product delivery. By streamlining the product development process and providing a single repository for all product data, PLM can help companies avoid costly redesigns late in the game and reduce manufacturing errors.
Cloud-based:
Cloud-based solutions are expected to gain high traction in the coming years due to benefits such as on-demand availability of compute, storage and application services. This is anticipated to be a key factor driving the growth of cloud-based PLM market over the forecast period.
The shift from traditional systems towards digital systems has led many companies towards transformation and innovation processes.
On-premises:
On-premises is a type of deployment model where the software and data are stored on the organization's server and application. The information on-premises can be accessed by authorized users only. It provides more control to enterprise, but it has some disadvantages such as high cost of implementation, limited scalability & reliability, lack of flexibility for cloud computing etc.
Application Insights:
The aerospace and defense application segment accounted for the largest revenue share in 2017. The growth is attributed to the increasing demand for advanced technology products from military aircraft manufacturers. For instance, Lockheed Martin Corporation has implemented several cloud-based PLM solutions to meet the rising demand from its customers. These include ProPLM, Design Entry Workbench (DEW), and others.
The automotive and transportation segment is expected to register a significant growth rate over the forecast period owing to factors such as growing digitization of manufacturing processes in this industry, coupled with an increase in product complexity resulting in increased use of 3D printing technologies across vehicle components.
Regional Analysis:
The market in North America was valued at USD X billion in 2017 and is expected to grow at a significant rate over the forecast period. The growth can be attributed to the presence of numerous industry players, increasing adoption of advanced technologies such as 3D printing, digital design & modeling and rapid prototyping, along with rising demand for customized products from various end-use industries.
Asia Pacific is estimated to be the fastest-growing region over the forecast period owing to factors such as growing population coupled with increasing disposable income levels especially in China and India are anticipated to drive product demand across several industries including automotive, electronics among others. In addition, favorable government initiatives aimed at promoting manufacturing activities are also expected drive regional growth during the forecast period PLM software vendors have been making efforts for improving their service offerings by collaborating with local manufacturers or distributors who offer distribution channels closer to customers’ end-use markets thereby reducing customer costs significantly (i.e., inventory).
Growth Factors:
- Increasing demand for customization in products and shorter product life cycles
- The need for better quality control and compliance with regulatory requirements
- Rising pressure to reduce manufacturing costs and improve efficiency
- Growing importance of product data management (PDM) in achieving operational excellence
- Proliferation of digital technologies that are transforming the way products are designed, developed, and manufactured
Scope Of The Report
Report Attributes
Report Details
Report Title
Product Lifecycle Management (PLM) Market Research Report
By Type
Cloud-based, On-premises
By Application
Aerospace and Defense, Automotive and Transportation, Medical Devices and Pharmaceutical, Electronics and Semiconductors, Other
By Companies
Autodesk, Oracle, Aras PTC, SAP, Arena PLM, Hewlett-Packard, Accenture, Siemens, Dassault Systems, IBM
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
128
Number of Tables & Figures
90
Customization Available
Yes, the report can be customized as per your need.
Global Product Lifecycle Management (PLM) Market Report Segments:
The global Product Lifecycle Management (PLM) market is segmented on the basis of:
Types
Cloud-based, On-premises
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
Aerospace and Defense, Automotive and Transportation, Medical Devices and Pharmaceutical, Electronics and Semiconductors, Other
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:
- Autodesk
- Oracle
- Aras PTC
- SAP
- Arena PLM
- Hewlett-Packard
- Accenture
- Siemens
- Dassault Systems
- IBM
 Market Overview.svg)
Highlights of The Product Lifecycle Management (PLM) 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:
- Cloud-based
- On-premises
- By Application:
- Aerospace and Defense
- Automotive and Transportation
- Medical Devices and Pharmaceutical
- Electronics and Semiconductors
- Other
- 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 Product Lifecycle Management (PLM) 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
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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?
Product Lifecycle Management (PLM) is a process that helps organizations manage the life cycle of products from concept to disposal. It includes activities such as product planning, design, development, testing and deployment. PLM also helps companies identify and address problems early in the product lifecycle so they can be fixed before they cause major customer dissatisfaction or financial losses.
Some of the major companies in the product lifecycle management (plm) market are Autodesk, Oracle, Aras PTC, SAP, Arena PLM, Hewlett-Packard, Accenture, Siemens, Dassault Systems, IBM.
The product lifecycle management (plm) market is expected to grow at a compound annual growth rate of 7%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Product Lifecycle Management (PLM) 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 Product Lifecycle Management (PLM) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Product Lifecycle Management (PLM) 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 Product Lifecycle Management (PLM) 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 Product Lifecycle Management (PLM) Market Size & Forecast, 2020-2028
4.5.1 Product Lifecycle Management (PLM) Market Size and Y-o-Y Growth
4.5.2 Product Lifecycle Management (PLM) Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Cloud-based
5.2.2 On-premises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Aerospace and Defense
6.2.2 Automotive and Transportation
6.2.3 Medical Devices and Pharmaceutical
6.2.4 Electronics and Semiconductors
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Product Lifecycle Management (PLM) 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 Product Lifecycle Management (PLM) 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Cloud-based
9.6.2 On-premises
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 Market Size Forecast by Applications
9.10.1 Aerospace and Defense
9.10.2 Automotive and Transportation
9.10.3 Medical Devices and Pharmaceutical
9.10.4 Electronics and Semiconductors
9.10.5 Other
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Cloud-based
10.6.2 On-premises
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 Market Size Forecast by Applications
10.10.1 Aerospace and Defense
10.10.2 Automotive and Transportation
10.10.3 Medical Devices and Pharmaceutical
10.10.4 Electronics and Semiconductors
10.10.5 Other
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Cloud-based
11.6.2 On-premises
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 Market Size Forecast by Applications
11.10.1 Aerospace and Defense
11.10.2 Automotive and Transportation
11.10.3 Medical Devices and Pharmaceutical
11.10.4 Electronics and Semiconductors
11.10.5 Other
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Cloud-based
12.6.2 On-premises
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 Market Size Forecast by Applications
12.10.1 Aerospace and Defense
12.10.2 Automotive and Transportation
12.10.3 Medical Devices and Pharmaceutical
12.10.4 Electronics and Semiconductors
12.10.5 Other
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Cloud-based
13.6.2 On-premises
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) Market Size Forecast by Applications
13.10.1 Aerospace and Defense
13.10.2 Automotive and Transportation
13.10.3 Medical Devices and Pharmaceutical
13.10.4 Electronics and Semiconductors
13.10.5 Other
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 Product Lifecycle Management (PLM) Market: Competitive Dashboard
14.2 Global Product Lifecycle Management (PLM) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Autodesk
14.3.2 Oracle
14.3.3 Aras PTC
14.3.4 SAP
14.3.5 Arena PLM
14.3.6 Hewlett-Packard
14.3.7 Accenture
14.3.8 Siemens
14.3.9 Dassault Systems
14.3.10 IBM
