Product Life Cycle Management Market Scenario:
Product Life Cycle Management Market is enduring an exacting period with its robust growth coming to an abrupt halt in light of the COVID-19 pandemic. MRFR report on the Product Life Cycle Management Market highlights the future prediction and the growth alternatives that can be created.
Market Research Future (MRFR) has published a report stating that the global product lifecycle management market is anticipated to expand at a noteworthy CAGR of 8% during the forecast period of 2020-2027and reach the valuation of USD 835 Mn by the end of 2027. Product lifecycle management system is a cost-effective solution that aids in development process of small to medium scale organizations. Increasing adoption of cloud-based solutions for process optimization in various industrial sectors is one of the major factors that are propelling the growth of the global product lifecycle management market. The integration of PLM software with various integrated applications such as enterprise resource planning (ERP), customer relationship management (CRM), application lifecycle management (ALM) and others is fueling the growth of the global product lifecycle management market.
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Competitive Outlook:

The prominent players in the product life cycle management market are- Dassault Systèmes (France), Autodesk, Inc. (U.S.), PTC (U.S.), Siemens PLM Software (U.S.), Apparel magic (U.S.), Oracle Corporation (U.S.), SAP SE (Germany), Infor, Inc. (U.S.), Aras Corporation (U.S.), Arena Technologies (U.S.), Omnify software (U.S.), Infor Company (U.S.), and Accenture PLC (U.S.) among others.
Segmentation:
• By component, the market is segmented into application/software and service.
• By deployment mode, the market is segmented into on-premise and on-cloud
• By end-user, the market is segmented into automotive and transportation, industrial machinery, electronics and semiconductors, retail, aerospace and defense, energy and utilities, pharmaceuticals, IT & telecom, and others.
• By region, the market is segmented into North America, Europe, Asia-Pacific and the rest of the world.
Regional Analysis:
Geographically, the global product lifecycle market has been segmented into four major regions such as Asia Pacific, Europe, North America and the rest of the world. Rising utilization of cloud-based product lifecycle management solutions and high demand for electronic computer-aided design of PLM are propelling the growth of the product lifecycle management market in the North America region.
Increasing demand for product lifecycle management solutions in small to large scale enterprises is leading to the significant growth of the product lifecycle management market in the Asia Pacific region. Rapid innovation in product design is complimenting the growth of product lifecycle management market in the Europe region.

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Table of Contents:
1. Executive Summary
2. Scope Of The Report
2.1. Market Definition
2.2. Scope Of The Study
2.2.1. Research Objectives
2.2.2. Assumptions & Limitations
2.3. Markets Structure
3. Market Research Methodology
3.1. Research Process
3.2. Secondary Research
3.3. Primary Research
3.4. Forecast Model
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