Global Product Lifecycle Management (PLM) Industry

Global Product Lifecycle Management (PLM) Industry

  • October 2022 •
  • 660 pages •
  • Report ID: 552792 •
  • Format: PDF
Abstract:

What’s New for 2022?

Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to our digital archives and MarketGlass Research Platform
Complimentary updates for one year

Global Product Lifecycle Management (PLM) Market to Reach $64.3 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Product Lifecycle Management (PLM) estimated at US$40.5 Billion in the year 2020, is projected to reach a revised size of US$64.3 Billion by 2027, growing at aCAGR of 6.8% over the period 2020-2027. Software, one of the segments analyzed in the report, is projected to record 5.8% CAGR and reach US$26.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 7.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $16.6 Billion, While China is Forecast to Grow at 9.7% CAGR
The Product Lifecycle Management (PLM) market in the U.S. is estimated at US$16.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.7 Billion by the year 2027 trailing a CAGR of 9.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.8% and 6.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6.4% CAGR.

Select Competitors (Total 136 Featured)
Accenture Aras Corporation Arena Solutions, Inc. Autodesk, Inc. Centric Software, Inc. Dassault Systemes SA DXC Technology Co. Gerber Technology Lectra SA Oracle Corporation PTC Selerant Corporation Siemens PLM Software, Inc. Tata Technologies Ltd. T-Systems International GmbH