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Global Product Lifecycle Management (PLM) Market Analysis & Opportunity Outlook 2022

Published On : 11:06 PM, 17th July, 2018 REP-ID-98 Category: ICT & Electronics

Product Lifecycle Management (PLM) helps in managing complex product development procedures to develop cost-effective, competitive and high quality products.

The global Product Lifecycle Management (PLM) market is anticipated to bolster at a compound annual growth rate (CAGR) of 8.3% to reach at USD 76.0 Billion by 2022. Geographically, the Product Lifecycle Management (PLM) market is segmented into North America, Latin America, Western and Eastern Europe, Asia-Pacific, Middle East and North Africa (MENA) and Rest of World.

Market Segmentation

  • By Component Type

The global Product Life Cycle Management (PLM) market is segmented based on component type into software and services. With 57% of share in 2015, PLM services segment dominated the global Product Life Cycle Management (PLM) market followed by software.

  • By End Users

Based on end users, the global Product Life Cycle Management (PLM) market is divided as IT and telecom, transportation, electronics, aerospace, defense, consumer, retail and healthcare. With 24% share, aerospace and defense dominated the global Product Life Cycle Management (PLM) market in 2015.

Growth Drivers and Challenges

Escalating requirement of an innovative, cost-effective and time saving product management process is likely to drive the growth of global Product Life Cycle Management (PLM) market over the period 2015-2022.

In addition to that, rising adoption of Product Life Cycle Management (PLM) in retail, pharmaceutical and consumer goods industry is also believed to garner the growsth of global PLM market in future.

However, lack of interoperability among dissimilar product versions coupled with low acceptance of PLM services by SMEs (small and medium-sized enterprises) is expected to dampen the growth of global Product Life Cycle Management (PLM) market in coming years.

Market Size and Forecast

Regionally, with approximately 34.0% of market in 2015, North America holds the top rank in global Product Life Cycle Management (PLM) market. The market in the region is anticipated to foster owing to high capital investments on product management systems by major companies belonging to various sectors (including IT, telecom, transport, etc.)

Middle East and Africa (MEA) region is anticipated to witness the highest expansion at a CAGR of 14.5% in the Product Life Cycle Management (PLM) market over the period 2015-2022.

Key Players

Global Product Life Cycle Management (PLM) market is very competitive and includes some of the top players such as SAP SE, IBM Corporation, Dassault Systemes, Atos SE, Autodesk, Inc, PTC, Inc, Siemens AG, Accenture PLC, Hewlett-Packard Company, etc.

Scope and Context

Overview of the Parent Market

Analyst View

Market Size and Growth

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Rest of Latin America)
  • Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe)
  • Asia-Pacific (China, India, Singapore, Japan, Australia & New Zealand & Rest of Asia)
  • Rest of World

Segmentation

  • By Component Type
  • By End-Users
  • By Geography

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

Key Answers

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