Transparency Market Research announces the release of a new research report, titled “Product Lifecycle Management (PLM) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2022”. According to the findings of the report, the global product lifecycle management (PLM) market is forecast to grow from US$40.26 billion in 2014 to US$75.87 billion in 2022, registering an 8.1% CAGR over the period.

On the basis of components, the PLM market is bifurcated into services and software. The services sector held a 56% share of the overall market in 2014. This segment is further segmented into on-premise and cloud-based services, with the latter developing at a faster pace of 17.7% from 2015 to 2022.

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PLM solutions find application in several end uses including aerospace and defense, automotive and transportation, electronics and semiconductor, industrial machinery and heavy equipment, consumer products and retail, energy and utilities, IT and telecom, and medical devices and pharmaceuticals. Accounting for a 23% share of the overall PLM market in 2014, the aerospace and defense sector dominated the scene owing to rise in commercial aircraft outstandings and lowering of defense and space budgets around the world. Evolving consumer demands and rapid expansion in recent years has led to the growth of product lifecycle management in the automotive and transportation industry. Sectors such as medical devices and pharmaceuticals as well as consumer goods and retail are projected to register the highest CAGR of 10.4% from 2015 to 2022.

Geographically, the market for product lifecycle management is divided into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Accounting for a 33% share of the global market in 2014, North America has been identified as the leading PLM regional segment. Rising adoption of PLM solutions to minimize overall cost of production and lower the time-to-market of products has boosted the North America market in recent years. Registering a 14.7% CAGR from 2015 to 2022, the Middle East and Africa market for product lifecycle management is estimated to become the most rapidly developing regional segment. Ongoing development in the industrial sector is expected to boost the adoption of PLM in this region.

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IBM Corporation, SAP SE, Atos SE, Dassault Systemes, PTC, Inc., Autodesk, Inc., Siemens AG, Hewlett-Packard Company, Accenture PLC, and Aras Corporation are some of the most prominent participants of the global PLM market. These players are profiled in the research report on the basis of attributes such as company overview, financial standing, recent developments, products and services, business strategies, strengths, weaknesses, opportunities, and threats.

Product Lifecycle Management (PLM) Market

By Component Type

Software
On-Premise
CAD/CAM/CAE (CAx)
Numerical Control (NC)
Simulation and Analysis (S&A)
Electronic Design and Automation (EDA)
Architecture, Engineering and Construction (AEC)
Collaborative Product Definition Management (CPDM)
Digital Manufacturing
Others

Cloud-based
CAD/CAM/CAE (CAx)
Numerical Control (NC)
Simulation and Analysis (S&A)
Electronic Design and Automation (EDA)
Architecture, Engineering and Construction (AEC)
Collaborative Product Definition Management (CPDM)
Digital Manufacturing
Others

Services
Consulting
Integration
Operation and Maintenance

By End-use

Automotive and Transportation
Aerospace and Defense
Industrial Machinery and Heavy Equipment
Electronics and Semiconductor
Energy and Utilities
Consumer Products and Retail
Medical Devices and Pharmaceutical
IT and Telecom
Others

By Geography

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

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