North America Product Lifecycle Management Market By Type of Service (CAX, Discrete PLM, Process PLM), By Component, By Deployment Mode, By End User Industry, By Country, Competition, Forecast & Opportunities, 2025

The North American Product Lifecycle Management Market size is anticipated to grow at steady CAGR during the forecast period. The North American Product Lifecycle Management Market is driven by the increasing focus on developing ground-breaking smart products and factories, growing need to build product innovation platforms, the rising demand for cloud-based product lifecycle management solutions, among others. Additionally, adoption of digitalization to improve production and introduction of cloud technology to consolidate information are further expected to spur the market during through 2025.

The North American Product Lifecycle Management Market can be segmented based on type of service, component, deployment mode, service type, end-user industry, company and country. Based on deployment mode, the market can be bifurcated into on-premise and cloud. The on-premise segment is expected to dominate the market since on-premise solutions are delivered with a one-time licensing fee along with a service agreement. Based on service type, the market can be fragmented into maintenance/support, implementation, consulting and others. The maintenance/support segment is expected to witness significant growth during the forecast period attributable to the fact that facilitates customer satisfaction by resolving customer issues or queries. Every software vendor has a dedicated support team to serve the customers. Support, software maintenance, customer portal, post-deployment assistance, and client testimonials are some of the services provided under the maintenance/support segment.

Major companies operating in the North American Product Lifecycle Management Market include IBM Corporation, Autodesk Inc., Hewlett-Packard Company, Oracle Corporation, Aras Corporation, SAP SE, Siemens AG, Accenture, Deloitte Consulting, TCS, among others. Leading players in the North American Product Lifecycle Management Market are engaging in partnerships and acquisitions in order to increase their market share.

Years considered for this report:

• Historical Years: 2015-2018
• Base Year: 2019
• Estimated Year: 2020
• Forecast Period: 2021–2025

Objective of the Study:

• To analyse and forecast the market size of the North American Product Lifecycle Management Market.
• To forecast the North American Product Lifecycle Management Market based on type of service, component, deployment mode, service type, end-user industry and country distribution.
• To identify drivers and challenges for the North American Product Lifecycle Management Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions etc. in the North American Product Lifecycle Management Market.
• To identify and analyse the profile of leading players operating in the North American Product Lifecycle Management Market.

The author performed both primary as well as exhaustive secondary research for this study. Initially, researchers sourced a list of product lifecycle management service providers across the region. Subsequently, they conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, researchers could include the service providers which could not be identified due to the limitations of secondary research.

The author calculated the North American Product Lifecycle Management Market size by using a bottom-up approach, where data for various end-user industries and its application across various product types were recorded and forecast for the future years. Researchers sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also used.

Key Target Audience:

• Product lifecycle management service providers, vendors and other stakeholders
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to product lifecycle management market
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as solution providers and partners, end users etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.

Report Scope:
In this report, the North American Product Lifecycle Management Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Market, By Type of Service:

• CAX
• Discrete PLM
• Process PLM

Market, By Component:

• Multi-CAD Solution
• Product Data Management
• Digital Manufacturing

Market, By Deployment Mode:

• On-Premise
• Cloud

Market, By Service Type:

• Maintenance/Support
• Implementation
• Consulting
• Others

Market, By End-User Industry:

• Retail
• Aerospace and Defense
• Automotive
• Electronics
• Medical Devices
• Pharmaceutical & Biotech

Market, By Country:

• United States
• Mexico
• Canada

Competitive Landscape

• Company Profiles: Detailed analysis of the major companies present in the North American Product Lifecycle Management Market.

Available Customizations:
With the given market data, the author offers customizations according to a client's specific needs.