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TMCNet:  GLOBAL PRODUCT LIFECYCLE MANAGEMENT SOFTWARE (PLM) MARKET FORECAST 2020-2028

[June 24, 2020]

GLOBAL PRODUCT LIFECYCLE MANAGEMENT SOFTWARE (PLM) MARKET FORECAST 2020-2028

NEW YORK, June 24, 2020 /PRNewswire/ --

KEY FINDINGS
The global product lifecycle management (PLM) software market is anticipated to grow at a CAGR of 6.53% during the forecast period, 2020-2028. The factors augmenting the global PLM software market growth are the incorporation of digitalization to enhance the production, and enabling cloud technology to consolidate the information.



Read the full report: https://www.reportlinker.com/p05916469/?utm_source=PRN



MARKET INSIGHTS
Product lifestyle management (PLM) is a system, which helps organizations to administer the design and development of a product until its final disposal.The complete amount of data generated by the combination of automation and digitization is helping enterprises to optimize processes, due to which manufacturers are showing interest in adopting solutions, such as PLM, ERP, CRM, etc.

The industries across the world are increasingly adopting AR, IIoT, automation, and analytics, in order to improve cost savings and efficiency. For example, as per GSMA Intelligence, the number of industrial IoT connected devices was 4.5 billion in 2019, which is expected to increase further.
The interaction between different versions of a product with the arrival of IoT in industries is a challenge faced by PLM vendors.The market is characterized by increasing levels of product penetration, moderate to high product differentiation, and soaring competition.

The proper execution of PLM for successful product development requires domain expertise and a wide range of experiene, which increases the demand for professional services.


REGIONAL INSIGHTS
The global product lifecycle management (PLM) software market is further analyzed on the basis of the market growth assessment of North America, Europe, Asia Pacific, and the Rest of the World. The region of Asia Pacific is expected to record the highest CAGR during the forecast period, owing to the continuing industrial and infrastructure expansion activities, especially in India and China.

COMPETITIVE INSIGHTS
The vendors are increasingly collaborating with technology providers and suppliers to provide one-stop solutions and gain capabilities further. Some of the players participating in the highly competitive market rivalry are SAP SE, Siemens AG, Accenture Plc, Oracle Corporation, Dassault Systemes SE, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Companies mentioned
1. SIEMENS AG
2. DASSAULT SYSTEMES DEUTSCHLAND GMBH
3. AUTODESK INC
4. PTC INC
5. SAP SE
6. ANSYS INC
7. ORACLE CORPORATION
8. ARAS CORPORATION
9. ARENA SOLUTIONS
10. INFOR INC
11. ACCENTURE PLC
12. ALTAIR ENGINEERING INC
13. RAZORLEAF CORPORATION

Read the full report: https://www.reportlinker.com/p05916469/?utm_source=PRN

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

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