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Global Product Life Cycle Management (PLM) Market Outlook:

Industry Insights & Opportunity Evaluation,

2015-2021

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Global Product Life Cycle Management (PLM)

Market Overview

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

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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 forecast period i.e. 2015-2021.

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

growth 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 5-6 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.)

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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

forecast period i.e. 2015-2021.

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

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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

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product-lifecycle-management-plm-market-

analysis-opportunity-outlook-2021/98

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