Product life cycle management (PLM) market size, demand & global opportunity analysis outlook 2021

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Global Product Life Cycle Management (PLM)
Market Outlook:
Industry Insights & Opportunity Evaluation,
2015-2021

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Global Product Life Cycle Management (PLM)
Market Overview
Product Lifecycle Management (PLM) helps in managing
complex product development procedures to develop cost-
effective, competitive and high quality products.
The global Product Lifecycle Management (PLM) market
is anticipated to bolster at a compound annual growth rate
(CAGR) of 8.3% to reach at USD 76.0 Billion by 2022.
Geographically, the Product Lifecycle Management (PLM)
market is segmented into North America, Latin America,
Western and Eastern Europe, Asia-Pacific, Middle East
and North Africa (MENA) and Rest of World.
Market Segmentation
 By Component Type
The global Product Life Cycle Management (PLM) market
is segmented based on component type into software and
services. With 57% of share in 2015, PLM services segment
dominated the global Product Life Cycle Management
(PLM) market followed by software.
 By End Users
Based on end users, the global Product Life Cycle
Management (PLM) market is divided as IT and telecom,
transportation, electronics, aerospace, defense, consumer,
retail and healthcare. With 24% share, aerospace and

defense dominated the global Product Life Cycle
Management (PLM) market in 2015.
Growth Drivers and Challenges
Escalating requirement of an innovative, cost-effective and
time saving product management process is likely to drive
the growth of global Product Life Cycle Management
(PLM) market over the forecast period i.e. 2015-2021.
In addition to that, rising adoption of Product Life Cycle
Management (PLM) in retail, pharmaceutical and
consumer goods industry is also believed to garner the
growth of global PLM market in future.
However, lack of interoperability among dissimilar
product versions coupled with low acceptance of PLM
services by SMEs (small and medium-sized enterprises) is
expected to dampen the growth of global Product Life
Cycle Management (PLM) market in coming 5-6 years.
Market Size and Forecast
Regionally, with approximately 34.0% of market in 2015,
North America holds the top rank in global Product Life
Cycle Management (PLM) market. The market in the
region is anticipated to foster owing to high capital
investments on product management systems by major
companies belonging to various sectors (including IT,
telecom, transport, etc.)

Middle East and Africa (MEA) region is anticipated to
witness the highest expansion at a CAGR of 14.5% in the
Product Life Cycle Management (PLM) market over the
forecast period i.e. 2015-2021.
Key Players
Global Product Life Cycle Management (PLM) market is
very competitive and includes some of the top players such
as SAP SE, IBM Corporation, Dassault Systemes, Atos SE,
Autodesk, Inc, PTC, Inc, Siemens AG, Accenture PLC,
Hewlett-Packard Company, etc.
Scope and Context
Overview of the Parent Market
Analyst View
Market Size and Growth
 North America (U.S., Canada)
 Latin America (Mexico, Brazil, Rest of Latin America)
 Western and Eastern Europe (Germany, Italy, Spain,
France, U.K, Benelux, Hungary, Rest Of Western
Europe, Russia Poland, Rest of Eastern Europe)
 Asia-Pacific (China, India, Singapore, Japan, Australia
& New Zealand & Rest of Asia)
 Rest of World
Segmentation

 By Component Type
 By End-Users
 By Geography
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their
Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in
current dynamic environment

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product-lifecycle-management-plm-market-
analysis-opportunity-outlook-2021/98

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Product life cycle management (PLM) market size, demand & global opportunity analysis outlook 2021