PLM refers to managing every step of the process involved with a product from raw material to finished product. The PLM process is inclusive of the manufacturing and marketing of the goods. From pricing and advertising to expansion or cost-cutting, the concept of product life cycle assists organizations in making smart business decisions.
The main components of the product lifecycle management market include software and services. PLM software enables businesses to strategically collaborate with partners and customers using trusted, up-to-date product information. PLM can be deployed either on-premise or on-cloud. The end-users of PLM include the automotive and transportation industry, industrial machinery, electronics and semiconductors, retail, energy and utilities, aerospace and defense, pharmaceuticals, IT and telecom, and others.
The global product lifecycle management market grew from $35.37 billion in 2022 to $37.94 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The product lifecycle management market is expected to grow to $51.38 billion in 2027 at a CAGR of 7.9%.
The product lifecycle management (PLM) market research report is one of a series of new reports that provides product lifecycle management (PLM) market statistics, including product lifecycle management (PLM) industry global market size, regional shares, competitors with a product lifecycle management (PLM) market share, detailed product lifecycle management (PLM) market segments, market trends and opportunities, and any further data you may need to thrive in the product lifecycle management (PLM) industry. This product lifecycle management (PLM) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Augmented Reality (AR) and Virtual Reality (VR) are increasing the demand for the product lifecycle management (PLM) market. Major companies operating in the product lifecycle management (PLM) sector are focused on integrating new technology such as augmented reality (AR) and virtual reality (VR) to strengthen their position. For instance, in February 2021, Siemens had launched AssistAR 3.0, AssistAR supports assembly, inspection, and maintenance procedures with a new generation of accurate and robust augmented reality (AR) technologies. AssistAR connects to the company's product lifecycle management (PLM) system and uses regular PCs and displays to guide company operators through complex operations without the use of glasses or a headset.
In May 2020, Accenture, an Ireland-based company that specializes in providing consulting and professional services acquired PLM systems for an undisclosed amount. The acquisition of PLM Systems would enable Accenture to advance in the digitization of engineering services; Accenture intends to combine their capabilities, methodology, technology, and solutions for PLM Systems. This acquisition is in line with Accenture’s expansion plans towards improving their industrial product development process and providing more efficient and sustainable solutions to their clients. PLM systems is an Italian company that specializes in the design and development of information systems for product lifecycle management.
North America was the largest region in the product lifecycle management market in 2022. The regions covered in the product lifecycle management report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The countries covered in the product lifecycle management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The growing adoption of product lifecycle management (PLM) from end-use industries is expected to propel market growth in the coming years. PLM has the potential to offer improved supply chain accuracy, enhanced regulatory compliance, lower lead times, and an increase in sales growth. Product lifecycle management (PLM) software is being used by end-use sectors to increase transparency in supply chains & manufacturing processes and speed the development of innovative goods. For instance, in June 2021, Accenture, an Ireland-based company that provided professional services agreed with DI Square, a Japan-based IT company specialized in data analytics software acquired the firm's consulting capabilities for product lifecycle management (PLM) and application lifecycle management (ALM) systems integration. The acquisition of DI Square will increase Accenture’s engineering expertise for the automotive and other manufacturing clients in Japan and other markets.
The product life cycle management market includes revenues earned by entities by providing solutions and services that provide solution such as initial design through manufacturing, supply chain management and operations, and asset maintenance by incorporating digital solutions, data, and data processing. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Major players in the product lifecycle management market are ANSYS Inc., Accenture, Oracle Corporation, SAP SE, Autodesk Inc., Siemens AG, PTC Inc., Dassault Systèmes SE, Aras Corporation, IBM, and Atos.
This product will be delivered within 1-3 business days.
The main components of the product lifecycle management market include software and services. PLM software enables businesses to strategically collaborate with partners and customers using trusted, up-to-date product information. PLM can be deployed either on-premise or on-cloud. The end-users of PLM include the automotive and transportation industry, industrial machinery, electronics and semiconductors, retail, energy and utilities, aerospace and defense, pharmaceuticals, IT and telecom, and others.
The global product lifecycle management market grew from $35.37 billion in 2022 to $37.94 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The product lifecycle management market is expected to grow to $51.38 billion in 2027 at a CAGR of 7.9%.
The product lifecycle management (PLM) market research report is one of a series of new reports that provides product lifecycle management (PLM) market statistics, including product lifecycle management (PLM) industry global market size, regional shares, competitors with a product lifecycle management (PLM) market share, detailed product lifecycle management (PLM) market segments, market trends and opportunities, and any further data you may need to thrive in the product lifecycle management (PLM) industry. This product lifecycle management (PLM) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Augmented Reality (AR) and Virtual Reality (VR) are increasing the demand for the product lifecycle management (PLM) market. Major companies operating in the product lifecycle management (PLM) sector are focused on integrating new technology such as augmented reality (AR) and virtual reality (VR) to strengthen their position. For instance, in February 2021, Siemens had launched AssistAR 3.0, AssistAR supports assembly, inspection, and maintenance procedures with a new generation of accurate and robust augmented reality (AR) technologies. AssistAR connects to the company's product lifecycle management (PLM) system and uses regular PCs and displays to guide company operators through complex operations without the use of glasses or a headset.
In May 2020, Accenture, an Ireland-based company that specializes in providing consulting and professional services acquired PLM systems for an undisclosed amount. The acquisition of PLM Systems would enable Accenture to advance in the digitization of engineering services; Accenture intends to combine their capabilities, methodology, technology, and solutions for PLM Systems. This acquisition is in line with Accenture’s expansion plans towards improving their industrial product development process and providing more efficient and sustainable solutions to their clients. PLM systems is an Italian company that specializes in the design and development of information systems for product lifecycle management.
North America was the largest region in the product lifecycle management market in 2022. The regions covered in the product lifecycle management report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The countries covered in the product lifecycle management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The growing adoption of product lifecycle management (PLM) from end-use industries is expected to propel market growth in the coming years. PLM has the potential to offer improved supply chain accuracy, enhanced regulatory compliance, lower lead times, and an increase in sales growth. Product lifecycle management (PLM) software is being used by end-use sectors to increase transparency in supply chains & manufacturing processes and speed the development of innovative goods. For instance, in June 2021, Accenture, an Ireland-based company that provided professional services agreed with DI Square, a Japan-based IT company specialized in data analytics software acquired the firm's consulting capabilities for product lifecycle management (PLM) and application lifecycle management (ALM) systems integration. The acquisition of DI Square will increase Accenture’s engineering expertise for the automotive and other manufacturing clients in Japan and other markets.
The product life cycle management market includes revenues earned by entities by providing solutions and services that provide solution such as initial design through manufacturing, supply chain management and operations, and asset maintenance by incorporating digital solutions, data, and data processing. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Major players in the product lifecycle management market are ANSYS Inc., Accenture, Oracle Corporation, SAP SE, Autodesk Inc., Siemens AG, PTC Inc., Dassault Systèmes SE, Aras Corporation, IBM, and Atos.
This product will be delivered within 1-3 business days.
Frequently Asked Questions about the Global Product Lifecycle Management Market
What is the estimated value of the Global Product Lifecycle Management Market?
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What is the forecasted size of the Global Product Lifecycle Management Market?
Who are the key companies in the Global Product Lifecycle Management Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | March 2023 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value ( USD | $ 37.94 billion |
| Forecasted Market Value ( USD | $ 51.38 billion |
| Compound Annual Growth Rate | 7.9% |
| Regions Covered | Global |
Table of Contents
1. Executive Summary2. Product Lifecycle Management Market Characteristics
3. Product Lifecycle Management Market Trends And Strategies
4. Product Lifecycle Management Market - Macro Economic Scenario
4.1 COVID-19 Impact On Product Lifecycle Management Market
4.2 Ukraine-Russia War Impact On Product Lifecycle Management Market
4.3 Impact Of High Inflation On Product Lifecycle Management Market
5. Product Lifecycle Management Market Size And Growth
5.1. Global Product Lifecycle Management Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Product Lifecycle Management Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Product Lifecycle Management Market Segmentation
6.1. Global Product Lifecycle Management Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Software
- Services
- On-Premise
- On-Cloud
- Automotive And Transportation
- Industrial Machinery
- Electronics And Semiconductors
- Retail
- Energy And Utilities
- Aerospace And Defense
- Pharmaceuticals
- IT And Telecomm
- Other End Users
7.1. Global Product Lifecycle Management Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Product Lifecycle Management Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Product Lifecycle Management Market
8.1. Asia-Pacific Product Lifecycle Management Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.3. Asia-Pacific Product Lifecycle Management Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Product Lifecycle Management Market
9.1. China Product Lifecycle Management Market Overview
9.2. China Product Lifecycle Management Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
9.3. China Product Lifecycle Management Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Product Lifecycle Management Market
10.1. India Product Lifecycle Management Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
10.2. India Product Lifecycle Management Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Product Lifecycle Management Market
11.1. Japan Product Lifecycle Management Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11.2. Japan Product Lifecycle Management Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Product Lifecycle Management Market
12.1. Australia Product Lifecycle Management Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12.2. Australia Product Lifecycle Management Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Product Lifecycle Management Market
13.1. Indonesia Product Lifecycle Management Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13.2. Indonesia Product Lifecycle Management Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Product Lifecycle Management Market
14.1. South Korea Product Lifecycle Management Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14.2. South Korea Product Lifecycle Management Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Product Lifecycle Management Market
15.1. Western Europe Product Lifecycle Management Market Overview
15.2. Western Europe Product Lifecycle Management Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15.3. Western Europe Product Lifecycle Management Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Product Lifecycle Management Market
16.1. UK Product Lifecycle Management Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16.2. UK Product Lifecycle Management Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Product Lifecycle Management Market
17.1. Germany Product Lifecycle Management Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17.2. Germany Product Lifecycle Management Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Product Lifecycle Management Market
18.1. France Product Lifecycle Management Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18.2. France Product Lifecycle Management Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Product Lifecycle Management Market
19.1. Eastern Europe Product Lifecycle Management Market Overview
19.2. Eastern Europe Product Lifecycle Management Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19.3. Eastern Europe Product Lifecycle Management Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Product Lifecycle Management Market
20.1. Russia Product Lifecycle Management Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20.2. Russia Product Lifecycle Management Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Product Lifecycle Management Market
21.1. North America Product Lifecycle Management Market Overview
21.2. North America Product Lifecycle Management Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21.3. North America Product Lifecycle Management Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Product Lifecycle Management Market
22.1. USA Product Lifecycle Management Market Overview
22.2. USA Product Lifecycle Management Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22.3. USA Product Lifecycle Management Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Product Lifecycle Management Market
23.1. South America Product Lifecycle Management Market Overview
23.2. South America Product Lifecycle Management Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23.3. South America Product Lifecycle Management Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Product Lifecycle Management Market
24.1. Brazil Product Lifecycle Management Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24.2. Brazil Product Lifecycle Management Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Product Lifecycle Management Market
25.1. Middle East Product Lifecycle Management Market Overview
25.2. Middle East Product Lifecycle Management Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25.3. Middle East Product Lifecycle Management Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Product Lifecycle Management Market
26.1. Africa Product Lifecycle Management Market Overview
26.2. Africa Product Lifecycle Management Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26.3. Africa Product Lifecycle Management Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Product Lifecycle Management Market Competitive Landscape And Company Profiles
27.1. Product Lifecycle Management Market Competitive Landscape
27.2. Product Lifecycle Management Market Company Profiles
27.2.1. ANSYS Inc.
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Accenture
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Oracle Corporation
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. SAP SE
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Autodesk Inc.
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Product Lifecycle Management Market
29. Product Lifecycle Management Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. About the Publisher
30.6. Copyright And Disclaimer
Executive Summary
Product Lifecycle Management Global Market Report 2023 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on product lifecycle management market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:
Where is the largest and fastest growing market for product lifecycle management? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The product lifecycle management market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Scope
Markets Covered:
1) By Component: Software; Services2) By Deployment: On-Premise; On-Cloud
3) By End-User: Automotive And Transportation; Industrial Machinery; Electronics And Semiconductors; Retail; Energy And Utilities; Aerospace And Defense; Pharmaceuticals; IT And Telecomm; Other End Users
Companies Mentioned: ANSYS Inc.,; Accenture; Oracle Corporation; SAP SE; Autodesk Inc.,
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
A selection of companies mentioned in this report includes:
- ANSYS Inc.
- Accenture
- Oracle Corporation
- SAP SE
- Autodesk Inc.
- Siemens AG
- PTC Inc.
- Dassault Systèmes SE
- Aras Corporation
- IBM
- Atos
Methodology
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