Product Lifecycle Management Market Growth and Forecast Product Lifecycle Management (PLM) Market - Global

Product Lifecycle Management (PLM) Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2022
Product lifecycle management (PLM) represents an overall vision and systematic data management
related to the product design, production, support as well as its ultimate disposal in a product
development process in organizations. There are certain variables such as time, functions,
performance, and price that change frequently with the product lifecycle processes. Therefore, the
product innovation process should be done based on the changes in above mentioned variables to
meet the market the demand. Delivering right product at right time is the major goal of enterprises in
the market. PLM provides many benefits to organizations such as significant reduction in time-to-
market the product, production cost minimization, and product quality and reliability enhancement. The
various challenges faced by product development teams in enterprises include globalization, and
growing demand for mass customization as well as quick innovation. These challenges are leading to
the growing need for PLM solutions, which provide the collaborative environment and knowledge
management of a product’s lifecycle process.
This 143 page report gives readers a comprehensive overview of the Product Lifecycle Management
market Browse through 45 data tables and 15 figures to unlock the hidden opportunities in this market.
http://www.transparencymarketresearch.com/product-lifecycle-management-market.html
This research report provides in-depth analysis of the global PLM market based on component types,
end-use applications, and geography. In terms of geographical regions, the report segments the global
PLM market into North America, Europe, Asia Pacific, the Middle East and Africa (MEA), and Latin
America, which are analyzed in terms of revenue generation. North America is further segmented into
the U.S. and Rest of North America, while Europe is divided into EU7, Commonwealth of Independent
States (CIS), and Rest of Europe. Moreover, Asia Pacific is subdivided into Japan, China, South Asia,
Australasia, and Rest of Asia Pacific. Also, MEA is further segmented into Gulf Cooperation Council
(GCC) countries, North Africa, Southern Africa, and Rest of MEA, while Latin America is subdivided
into Brazil and Rest of Latin America.
The PLM market is categorized based on component types into software and services. The market is
experiencing implementation of PLM software in both on-premise as well as cloud-based models. The
report further segments both on-premise and cloud-based PLM into various software types including
CAD/CAM/CAE (CAx), numerical control (NC), simulation and analysis (S&A), architecture,
engineering and construction (AEC), collaborative product definition management (CPDM), digital
manufacturing, electronic design automation (EDA), and others. The PLM services market is also
subdivided into consulting, integration, and operation & maintenance. This research report provides
complete insights into different end-use application sectors of PLM including automotive and
transportation, aerospace and defense, industrial machinery and heavy equipment, electronics and
semiconductor, energy and utilities, consumer products and retail, medical devices and
pharmaceuticals, IT and telecom, and others (marine and chemicals). The report analyzes each of
these segments for various geographical segments considered under the scope of the study.