Press Releases

Product Lifecycle Management Market Size to Worth Around USD 50.60 Bn by 2030

The global Product Lifecycle Management market is expected to grow at a CAGR of around 9.2% over the forecast period 2021 to 2030 and expected to reach the market value of around US$ 50.60 billion by 2030.

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Growth Factors

 The growing need to support complex functionalities, the unabated establishment of smart factories and rollout of smart value chains, and the continued integration of the Internet of Things (IoT) with PLM solutions are some of the main drivers that are expected to drive the growth of the market over the forecast period. Advances in the latest technologies, such as cloud computing and IoT, and the continued rollout of high-speed data networks are expected to contribute to the growth of the market. The aggressive investments being made by the market players in product innovation to deliver the next generation of interoperability and integration capabilities also bode well for the growth of the market.

Report Coverage

Report Scope Details
Market Size USD 50.60 billion by 2030
Growth Rate CAGR of 9.2% From 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Software, Deployment, End use
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned ANSYS, Inc.; Aras Corporation; Arena Solutions, Inc.; Oracle Corporation; SAP SE; AUTODESK, INC.; Siemens AG; PTC Inc.; DassaultSystèmes; Synopsys Inc.

Report Highlights

The design and engineering management segment accounted for a market share exceeding 35% in 2020. The design and engineering processes are evolving continuously in line with the unabated advances in technology. The lean and collaborative product development approaches being pursued progressively by businesses are the core of product lifecycle management.

The simulation, testing, and change management segment is expected to emerge as the fastest-growing segment over the forecast period. Simulation and testing management solutions help organizations in managing and controlling the simulation processes, tools, data, and workflows in the context of an overall product lifecycle management system.

The cloud segment accounted for the largest revenue share of more than 75% in 2020 and is expected to register a CAGR of over 7.05% from 2021 to 2030. SaaS deployment is emerging as the most preferred way for the deployment of PLM software.

The automotive and transportation segment accounted for the largest market share of over 24% in 2020.PLM software allows the incumbents of the automotive industry to track defects in automobiles and respond to customer concerns, thereby reducing the product dispatch time in the field.

The growing demand for PLM solutions across other industries and industry verticals, such as aerospace and defense, medical devices, pharmaceuticals, consumer products, and retail, also bodes well for the growth of the market over the forecast period.

North America dominated the global market in 2020 with a market share of over 38%. North America has always been a leader in incorporating the latest, advanced IT and telecommunications technologies. Large enterprises in North America are particularly upgrading their PLM solutions in line with the evolving technology trends to aid in customer-centric product development.

Key Players

  • ANSYS, Inc.
  • Aras Corporation
  • Arena Solutions, Inc.
  • Oracle Corporation
  • SAP SE
  • AUTODESK, INC.
  • Siemens AG
  • PTC Inc.
  • DassaultSystèmes
  • Synopsys Inc.

Market Segmentation

  • Software
    • Portfolio Management
    • Design & Engineering Management
    • Quality & Compliance Management
    • Simulation, Testing, & Change Management
    • Manufacturing Operations Management
    • Others
  • Deployment
    • On-premise
    • Cloud
  • End-use
    • Aerospace & Defense
    • Automotive & Transportation
    • Healthcare
    • IT & Telecom
    • Industrial Equipment & Heavy Machinery
    • Retail
    • Semiconductor & Electronics
    • Others
  • Regional
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
    • Asia Pacific
      • China
      • India
      • Japan
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa (MEA)

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Deployment Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Product Lifecycle Management Market, By Software

7.1.  Product Lifecycle Management Market, by Software, 2021-2030

7.1.1.    Portfolio Management

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Design & Engineering Management

7.1.2.1.        Market Revenue and Forecast (2017-2030)

7.1.3.    Quality & Compliance Management

7.1.3.1.        Market Revenue and Forecast (2017-2030)

7.1.4.    Simulation, Testing, & Change Management

7.1.4.1.        Market Revenue and Forecast (2017-2030)

7.1.5.    Manufacturing Operations Management

7.1.5.1.        Market Revenue and Forecast (2017-2030)

7.1.6.    Others

7.1.6.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Product Lifecycle Management Market, By Deployment

8.1.  Product Lifecycle Management Market, by Deployment, 2021-2030

8.1.1.    On-premise

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Cloud

8.1.2.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Product Lifecycle Management Market, By End User

9.1.  Product Lifecycle Management Market, by End User, 2021-2030

9.1.1.    Aerospace & Defense

9.1.1.1.        Market Revenue and Forecast (2017-2030)

9.1.2.    Automotive & Transportation

9.1.2.1.        Market Revenue and Forecast (2017-2030)

9.1.3.    Healthcare

9.1.3.1.        Market Revenue and Forecast (2017-2030)

9.1.4.    IT & Telecom

9.1.4.1.        Market Revenue and Forecast (2017-2030)

9.1.5.    Industrial Equipment & Heavy Machinery

9.1.5.1.        Market Revenue and Forecast (2017-2030)

9.1.6.    Retail

9.1.6.1.        Market Revenue and Forecast (2017-2030)

9.1.7.    Semiconductor & Electronics

9.1.7.1.        Market Revenue and Forecast (2017-2030)

9.1.8.    Others

9.1.8.1.        Market Revenue and Forecast (2017-2030)

Chapter 10.      Global Product Lifecycle Management Market, Regional Estimates and Trend Forecast

10.1.        North America

10.1.1.  Market Revenue and Forecast, by Software (2017-2030)

10.1.2.  Market Revenue and Forecast, by Deployment (2017-2030)

10.1.3.  Market Revenue and Forecast, by End User (2017-2030)

10.1.4.  U.S.

10.1.4.1.      Market Revenue and Forecast, by Software (2017-2030)

10.1.4.2.      Market Revenue and Forecast, by Deployment (2017-2030)

10.1.4.3.      Market Revenue and Forecast, by End User (2017-2030)

10.1.5.  Rest of North America

10.1.5.1.      Market Revenue and Forecast, by Software (2017-2030)

10.1.5.2.      Market Revenue and Forecast, by Deployment (2017-2030)

10.1.5.3.      Market Revenue and Forecast, by End User (2017-2030)

10.2.        Europe

10.2.1.  Market Revenue and Forecast, by Software (2017-2030)

10.2.2.  Market Revenue and Forecast, by Deployment (2017-2030)

10.2.3.  Market Revenue and Forecast, by End User (2017-2030)

10.2.4.  UK

10.2.4.1.      Market Revenue and Forecast, by Software (2017-2030)

10.2.4.2.      Market Revenue and Forecast, by Deployment (2017-2030)

10.2.4.3.      Market Revenue and Forecast, by End User (2017-2030)

10.2.5.  Germany

10.2.5.1.      Market Revenue and Forecast, by Software (2017-2030)

10.2.5.2.      Market Revenue and Forecast, by Deployment (2017-2030)

10.2.5.3.      Market Revenue and Forecast, by End User (2017-2030)

10.2.6.  France

10.2.6.1.      Market Revenue and Forecast, by Software (2017-2030)

10.2.6.2.      Market Revenue and Forecast, by Deployment (2017-2030)

10.2.6.3.      Market Revenue and Forecast, by End User (2017-2030)

10.2.7.  Rest of Europe

10.2.7.1.      Market Revenue and Forecast, by Software (2017-2030)

10.2.7.2.      Market Revenue and Forecast, by Deployment (2017-2030)

10.2.7.3.      Market Revenue and Forecast, by End User (2017-2030)

10.3.        APAC

10.3.1.  Market Revenue and Forecast, by Software (2017-2030)

10.3.2.  Market Revenue and Forecast, by Deployment (2017-2030)

10.3.3.  Market Revenue and Forecast, by End User (2017-2030)

10.3.4.  India

10.3.4.1.      Market Revenue and Forecast, by Software (2017-2030)

10.3.4.2.      Market Revenue and Forecast, by Deployment (2017-2030)

10.3.4.3.      Market Revenue and Forecast, by End User (2017-2030)

10.3.5.  China

10.3.5.1.      Market Revenue and Forecast, by Software (2017-2030)

10.3.5.2.      Market Revenue and Forecast, by Deployment (2017-2030)

10.3.5.3.      Market Revenue and Forecast, by End User (2017-2030)

10.3.6.  Japan

10.3.6.1.      Market Revenue and Forecast, by Software (2017-2030)

10.3.6.2.      Market Revenue and Forecast, by Deployment (2017-2030)

10.3.6.3.      Market Revenue and Forecast, by End User (2017-2030)

10.3.7.  Rest of APAC

10.3.7.1.      Market Revenue and Forecast, by Software (2017-2030)

10.3.7.2.      Market Revenue and Forecast, by Deployment (2017-2030)

10.3.7.3.      Market Revenue and Forecast, by End User (2017-2030)

10.4.        MEA

10.4.1.  Market Revenue and Forecast, by Software (2017-2030)

10.4.2.  Market Revenue and Forecast, by Deployment (2017-2030)

10.4.3.  Market Revenue and Forecast, by End User (2017-2030)

10.4.4.  GCC

10.4.4.1.      Market Revenue and Forecast, by Software (2017-2030)

10.4.4.2.      Market Revenue and Forecast, by Deployment (2017-2030)

10.4.4.3.      Market Revenue and Forecast, by End User (2017-2030)

10.4.5.  North Africa

10.4.5.1.      Market Revenue and Forecast, by Software (2017-2030)

10.4.5.2.      Market Revenue and Forecast, by Deployment (2017-2030)

10.4.5.3.      Market Revenue and Forecast, by End User (2017-2030)

10.4.6.  South Africa

10.4.6.1.      Market Revenue and Forecast, by Software (2017-2030)

10.4.6.2.      Market Revenue and Forecast, by Deployment (2017-2030)

10.4.6.3.      Market Revenue and Forecast, by End User (2017-2030)

10.4.7.  Rest of MEA

10.4.7.1.      Market Revenue and Forecast, by Software (2017-2030)

10.4.7.2.      Market Revenue and Forecast, by Deployment (2017-2030)

10.4.7.3.      Market Revenue and Forecast, by End User (2017-2030)

10.5.        Latin America

10.5.1.  Market Revenue and Forecast, by Software (2017-2030)

10.5.2.  Market Revenue and Forecast, by Deployment (2017-2030)

10.5.3.  Market Revenue and Forecast, by End User (2017-2030)

10.5.4.  Brazil

10.5.4.1.      Market Revenue and Forecast, by Software (2017-2030)

10.5.4.2.      Market Revenue and Forecast, by Deployment (2017-2030)

10.5.4.3.      Market Revenue and Forecast, by End User (2017-2030)

10.5.5.  Rest of LATAM

10.5.5.1.      Market Revenue and Forecast, by Software (2017-2030)

10.5.5.2.      Market Revenue and Forecast, by Deployment (2017-2030)

10.5.5.3.      Market Revenue and Forecast, by End User (2017-2030)

Chapter 11.  Company Profiles

11.1.              ANSYS, Inc.

11.1.1.  Company Overview

11.1.2.  Product Offerings

11.1.3.  Financial Performance

11.1.4.  Recent Initiatives

11.2.              Aras Corporation

11.2.1.  Company Overview

11.2.2.  Product Offerings

11.2.3.  Financial Performance

11.2.4.  Recent Initiatives

11.3.              Arena Solutions, Inc.

11.3.1.  Company Overview

11.3.2.  Product Offerings

11.3.3.  Financial Performance

11.3.4.  Recent Initiatives

11.4.              Oracle Corporation

11.4.1.  Company Overview

11.4.2.  Product Offerings

11.4.3.  Financial Performance

11.4.4.  Recent Initiatives

11.5.              SAP SE

11.5.1.  Company Overview

11.5.2.  Product Offerings

11.5.3.  Financial Performance

11.5.4.  Recent Initiatives

11.6.              AUTODESK, INC.

11.6.1.  Company Overview

11.6.2.  Product Offerings

11.6.3.  Financial Performance

11.6.4.  Recent Initiatives

11.7.              Siemens AG

11.7.1.  Company Overview

11.7.2.  Product Offerings

11.7.3.  Financial Performance

11.7.4.  Recent Initiatives

11.8.              PTC Inc.

11.8.1.  Company Overview

11.8.2.  Product Offerings

11.8.3.  Financial Performance

11.8.4.  Recent Initiatives

11.9.              DassaultSystèmes

11.9.1.  Company Overview

11.9.2.  Product Offerings

11.9.3.  Financial Performance

11.9.4.  Recent Initiatives

11.10.           Synopsys Inc.

11.10.1.               Company Overview

11.10.2.               Product Offerings

11.10.3.               Financial Performance

11.10.4.               Recent Initiatives

Chapter 12.  Research Methodology

12.1.              Primary Research

12.2.              Secondary Research

12.3.              Assumptions

Chapter 13.  Appendix

13.1.              About Us

13.2.              Glossary of Terms

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