Product Lifecycle Management (PLM) Software Market

Product Lifecycle Management (PLM) Software Market include Autodesk Inc., ANSYS Inc., Aras Corporation, Coats Digital, Dassault Systèmes SE (Dassault Group)

LUTON, BEDFORDSHIRE, UNITED KINGDOM, August 23, 2024 /EINPresswire.com/ -- Software for managing a product's lifecycle from conception to retirement is known as product lifecycle management, or PLM software. Idea generation, design and development, manufacturing, distribution, and end-of-life management are some of the aspects it involves. PLM facilitates communication across several departments, including engineering, marketing, and production, with the goal of streamlining the product development process, cutting time-to-market, and improving product quality. It provides a single source of truth for all product-related data through centralized data management. Organizations can gain a competitive edge, increased productivity, and cost savings by implementing PLM technologies and processes.

𝑷𝒓𝒐𝒅𝒖𝒄𝒕 𝒍𝒊𝒇𝒆𝒄𝒚𝒄𝒍𝒆 𝒎𝒂𝒏𝒂𝒈𝒆𝒎𝒆𝒏𝒕 (𝑷𝑳𝑴) 𝒔𝒐𝒇𝒕𝒘𝒂𝒓𝒆 𝒎𝒂𝒓𝒌𝒆𝒕 𝒊𝒔 𝒆𝒙𝒑𝒆𝒄𝒕𝒆𝒅 𝒕𝒐 𝒈𝒓𝒐𝒘 𝒂𝒕 7.1% 𝑪𝑨𝑮𝑹 𝒇𝒓𝒐𝒎 2022 𝒕𝒐 2029. 𝑰𝒕 𝒘𝒂𝒔 𝒗𝒂𝒍𝒖𝒆𝒅 21.71 𝒃𝒊𝒍𝒍𝒊𝒐𝒏 𝒂𝒕 2020. 𝑰𝒕 𝒊𝒔 𝒆𝒙𝒑𝒆𝒄𝒕𝒆𝒅 𝒕𝒐 𝒓𝒆𝒂𝒄𝒉 𝒂𝒃𝒐𝒗𝒆 𝑼𝑺𝑫 40.25 𝒃𝒊𝒍𝒍𝒊𝒐𝒏 𝒃𝒚 2029.

𝐂𝐥𝐢𝐜𝐤 𝐓𝐨 𝐠𝐞𝐭 𝐒𝐀𝐌𝐏𝐋𝐄 𝐏𝐃𝐅 𝐎𝐟 𝐑𝐞𝐩𝐨𝐫𝐭

https://exactitudeconsultancy.com/reports/21750/product-lifecycle-management-plm-software-market/#request-a-sample

𝐓𝐡𝐞 𝐌𝐚𝐣𝐨𝐫 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:

Autodesk Inc., ANSYS Inc., Aras Corporation, Coats Digital, Dassault Systèmes SE (Dassault Group), Infor (Koch Industries Inc.), Oracle Corporation, PROCAD GmbH & Co. KG, PTC Inc., Pulse Technology Solutions Ltd., SAP SE, Siemens Aktiengesellschaft.

𝐑𝐞𝐜𝐞𝐧𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:

𝐈𝐧 𝐒𝐞𝐩𝐭𝐞𝐦𝐛𝐞𝐫 𝟐𝟎𝟐𝟑, Ansys Speos GPU was recognized among the best by the 2023 Laser Focus World Innovators Awards.

𝐈𝐧 𝐒𝐞𝐩𝐭𝐞𝐦𝐛𝐞𝐫 𝟐𝟎𝟐𝟑, Aras Corporation announced that with the launch of Aras Innovator^® 28, they are now delivering a new Platform Component, Reporting, which allows for an increase in collaboration and traceability throughout the platform.

𝐈𝐧 𝐀𝐩𝐫𝐢𝐥 𝟐𝟎𝟐𝟑, Siemens Digital Industries Software and IBM (NYSE:IBM) announced that they are expanding their long-term partnership by collaborating to develop a combined software solution integrating their respective offerings for systems engineering, service lifecycle management and asset management.

𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐋𝐢𝐟𝐞𝐜𝐲𝐜𝐥𝐞 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 (𝐏𝐋𝐌) 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐬:

Product Lifecycle Management (PLM) Software Market By Software Type, 2020-2029, (USD Billion)

Portfolio Management

Design And Engineering Management

Quality And Compliance Management

Simulation, Testing And Change Management

Manufacturing Operations Management

Others

Product Lifecycle Management (PLM) Software Market By Deployment Type, 2020-2029, (USD Billion)

On-Premises

Cloud Based

Product Lifecycle Management (PLM) Software Market By End User, 2020-2029, (USD Billion)

Aerospace And Defense

Automotive And Transportation

Healthcare

It And Telecom

Industrial Equipment And Heavy Machinery

Retail

Semiconductor And Electronics

Others

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐓𝐎𝐂:

https://exactitudeconsultancy.com/reports/21750/product-lifecycle-management-plm-software-market/

𝐂𝐥𝐨𝐮𝐝-𝐛𝐚𝐬𝐞𝐝 𝐡𝐨𝐥𝐝 𝐭𝐡𝐞 𝐥𝐚𝐫𝐠𝐞𝐬𝐭 𝐬𝐡𝐚𝐫𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭

The market has been thoroughly segmented and analyzed by the study according to the deployment type. Cloud-based and on-premises are included in this. The report stated that cloud-based accounted for the largest portion.

Cloud-based PLM solutions are appropriate for both small and large businesses since they provide the flexibility to scale operations up or down in accordance with business requirements. Cloud-based solutions shift costs to a more affordable subscription model by doing away with the necessity for a sizable upfront investment in hardware and software. Cloud solutions enable effective worldwide operations by facilitating smooth collaboration between geographically distributed teams and offering real-time access to consolidated data and tools. Cloud-based PLM solutions with advanced encryption and compliance features guarantee data protection while adhering to industry-specific laws. The deployment speed of cloud-based solutions is far faster than that of on-premises systems, which lowers time-to-value and facilitates quicker reactions to changes in the market. Because cloud-based PLM providers usually guarantee high levels of availability, users can access data and apps without interruption. In general, cloud-based systems are simpler to interface with other business software programs, such CRM and ERP, resulting in a more

𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐋𝐢𝐟𝐞𝐜𝐲𝐜𝐥𝐞 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 (𝐏𝐋𝐌) 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬

Product development and management now need incorporating elements like the Internet of Things (IoT), artificial intelligence (AI), and big data analytics since technology is developing at an unprecedented rate. PLM systems are becoming more complex as a result of this technological integration, including cutting-edge features like smart automation, real-time analytics, and predictive maintenance. Companies are realizing that implementing PLM systems with cutting-edge technology can provide them a competitive advantage. Through improved data collection, management, and utilization across the product lifecycle, these technologies help businesses make better decisions, streamline operations, and ultimately produce more successful goods.

𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐋𝐢𝐟𝐞𝐜𝐲𝐜𝐥𝐞 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚

North America will lead the market during the projected time. The US is investing heavily in cutting-edge manufacturing technologies, which is driving PLM software usage. The National Institute of Standards and Technology (NIST) reports that the US government has committed over $1 billion to projects related to advanced manufacturing. With the help of its 16 institutes, the Manufacturing USA network has increased the competitiveness of US manufacturing for over 2,000 member businesses and brought in $3 billion in industry-matched investment.

𝐄𝐮𝐫𝐨𝐩𝐞

It is anticipated that the Europe region will increase significantly during the projected period. The automotive and aerospace industries, which are big users of PLM software, are heavily represented in Europe. The European Automobile Manufacturers' Association, for instance, projected that by 2022, the EU automotive sector would have invested over €58 billion in research and development, making it the continent's largest private R&D investment. This level of spending is often linked to the increasing usage of PLM systems to manage intricate procedures involved in product development.

𝐎𝐭𝐡𝐞𝐫 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

𝐖𝐞𝐛 𝟑.𝟎 𝐌𝐚𝐫𝐤𝐞𝐭: https://exactitudeconsultancy.com/reports/20229/web-3-0-market/

The web 3.0 market is expected to grow at 44% CAGR from 2024 to 2030. It is expected to reach above USD 46.08 Billion by 2030 from USD 1.74 Billion in 2023.

𝐄𝐦𝐚𝐢𝐥 𝐌𝐚𝐫𝐤𝐞𝐭: https://exactitudeconsultancy.com/reports/37228/email-market/

The global Email Market is anticipated to grow from USD 12.17 Billion in 2023 to USD 30.4 Billion by 2030, at a CAGR of 14 % during the forecast period.

𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐀𝐬𝐬𝐞𝐭 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐒𝐲𝐬𝐭𝐞𝐦 𝐌𝐚𝐫𝐤𝐞𝐭:

https://exactitudeconsultancy.com/reports/36915/digital-asset-management-system-market/

The global digital asset management (DAM) systems market is anticipated to grow from USD 5.93 Billion in 2023 to USD 18.43 Billion by 2030, at a CAGR of 17.58% during the forecast period.

𝐞𝐒𝐈𝐌 𝐌𝐚𝐫𝐤𝐞𝐭: https://exactitudeconsultancy.com/reports/21574/esim-market/

The eSIM market is expected to grow at 10.2% CAGR from 2024 to 2030. It is expected to reach above USD 15.87 billion by 2030 from USD 6.62 billion in 2023.

𝐐𝐮𝐚𝐧𝐭𝐮𝐦 𝐂𝐨𝐦𝐩𝐮𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭: https://exactitudeconsultancy.com/reports/15766/quantum-computing-market/

The global quantum computing market size is projected to reach USD 3947.77 million by 2030, at a CAGR of 30.5% during the forecast period.

𝐒𝐢𝐥𝐢𝐜𝐨𝐧 𝐏𝐡𝐨𝐭𝐨𝐧𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://exactitudeconsultancy.com/reports/23140/silicon-photonics-market/

The global silicon photonics market size is expected to grow at more than 25.94% CAGR from 2020 to 2029. It is expected to reach above USD 7308.73 million by 2029 from a little above USD 917 million in 2023.

𝐖𝐞𝐚𝐫𝐚𝐛𝐥𝐞 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐌𝐚𝐫𝐤𝐞𝐭: https://exactitudeconsultancy.com/reports/22144/wearable-technology-market/

The wearable technology market is expected to grow at 15.4 % CAGR from 2024 to 2030. It is expected to reach above USD 198.90 billion by 2030 from USD 54.8 billion in 2023.

𝐋𝐄𝐃 𝐋𝐢𝐠𝐡𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭: https://exactitudeconsultancy.com/reports/22009/led-lighting-market/

The LED lighting market is expected to grow at 11.50% CAGR from 2024 to 2030. It is expected to reach above USD 195.11 Billion by 2030 from USD 73.25 Billion in 2023.

𝐏𝐞𝐭 𝐖𝐞𝐚𝐫𝐚𝐛𝐥𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://exactitudeconsultancy.com/reports/22202/pet-wearable-market/

The global Pet wearables market are estimated to increase at a 9.8% CAGR from 2021 to 2028. It is predicted to exceed USD 1848.20 million by 2028, up from USD 960.58 million in 2023.

𝐀𝐫𝐭𝐢𝐟𝐢𝐜𝐢𝐚𝐥 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 (𝐀𝐈) 𝐌𝐚𝐫𝐤𝐞𝐭: https://exactitudeconsultancy.com/reports/2064/artificial-intelligence-ai-market/

The global artificial Intelligence (AI) market is expected to grow at 35% CAGR from 2023 to 2030. It is expected to reach above USD 521.3 billion by 2030 from 35 USD billion in 2022.

𝐖𝐞 𝐎𝐟𝐟𝐞𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐁𝐚𝐬𝐞𝐝 𝐨𝐧 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐂𝐥𝐢𝐞𝐧𝐭 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬:

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Quarterly Industry Update for 1 Year at 40% of the report cost per update.
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Industry Newsletter at USD 100 per month per issue.

𝐆𝐞𝐭 𝐦𝐨𝐫𝐞: https://exactitudeconsultancy.com/primary-research/

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