Product Lifecycle Management - Overview, Global Market Estimates and Trends

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Product Lifecycle Management Market Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com sales@transparencymarketresearch.com Transparency Market Research 2
Product Lifecycle Management Market REPORT DESCRIPTION According to a new market report published by Transparency Market Research Product Lifecycle Management Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2022, the global PLM market is expected to reach a value of US$ 75.87 Bn by 2022. The market is estimated to grow at a CAGR of 8.1% during the forecast period from 2015 to 2022. The rising demand for product innovation, productivity enhancement, reduction in operational costs as well as increasing deployment of PLM solutions in the non-traditional end-use sectors such as consumer products and retail, medical devices and pharmaceutical are some of the key factors driving the growth of PLM market, globally. Browse the full Product Lifecycle Management Market report at http://www.transparencymarketresearch.com/product-lifecycle-management-market.html North America was the largest market for PLM in the year 2014 accounting for a market share of around 33%. North America is a mature market in terms of adoption of PLM solutions due to high investments in various end-use segments in technologies to reduce the time-to-market products and reduce the overall cost of production. The Middle East and Africa (MEA) region is expected to be the fastest growing market for PLM with estimated CAGR of 14.7% during the forecast period. Until now, MEA had a comparatively low adoption of PLM; however, the continued growth in industrial sector is expected to lead to significant growth of PLM market during the coming years. On the basis of component types, the PLM services had the largest share of around 56% in 2014, while the rest of the share was held by PLM software segment. The cloud-based PLM software market is expected to grow at a faster rate with a CAGR of 17.7% during the forecast period from 2015 to 2022. The traditional PLM solutions are generally costly and complex for SMEs that have limited resources for undergoing product development and engineering change. Therefore, PLM cloud-based solutions have enabled the SMEs to have minimum investments for maintaining their product design efforts. The PLM vendors have started providing various cloud-based offerings in their portfolio which has increased the growth rate of cloud-based PLM software segment during the forecast period. Additionally, cloud-based PLM solutions also support integration of analytics solutions and mobile devices at a lower cost. Among the various on-premise software types, the on-premise digital manufacturing software is anticipated to register a significant growth rate of 10.2% due to its rising demand in the enterprises. This software improves the overall efficiency of manufacturing processes by undergoing process optimization and data management in the product development cycle further driving the growth of the PLM market, globally.The major digital manufacturing software vendors are mainly focusing on small and medium sized enterprises (SMEs) by providing customized software according to their needs. During the coming years, the demand for digital manufacturing software is expected to be driven by rising trend of digital and smart factories across the globe. Transparency Market Research 3
Page 1: Transparency Market Research Produc
Page 5 and 6: Digital Manufacturing Others Cloud-
Page 7 and 8: Chapter 2 Executive Summary 2.1 Mar
Page 9 and 10: 3.8.3.1.1.4 Global On-premise Simul
Page 11 and 12: Chapter 4 North America PLM Market
Page 13 and 14: 4.2 North America PLM Market, By En
Page 15 and 16: Bn) Bn) Bn) Bn) Bn) 2012 - 2022 (US
Page 17 and 18: 6.1.3 Asia Pacific PLM Market Reven
Page 19 and 20: Bn) 6.2.6 Asia Pacific PLM Market R
Page 21 and 22: 7.1.2.2 PLM Services 7.1.2.3 Latin
Page 23 and 24: 8.1.3.1.1.8 MEA On-premise EDA Mark
Page 25 and 26: 9.3 Siemens AG 9.4 Autodesk, Inc. 9
Page 27 and 28: TABLE 14 North America Cloud-based
Page 29: TABLE 54 MEA PLM Market Revenue, by

Product Lifecycle Management - Overview, Global Market Estimates and Trends

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