Product Life Cycle Management in Manufacturing Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

The product life cycle management in manufacturing industries is gaining traction on account of rising digitalization trend. PLM enables company to efficiently manage information throughout the product life from ideation to disposal. Emergence of industrial revolution 4.0 and rapid adoption of internet of things (IoT) in the manufacturing industry showcases positive outlook for the market in the forecast period.

MARKET SCOPE

The "Global Product Life Cycle Management in Manufacturing Market Analysis to 2031" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the product life cycle management in manufacturing market with detailed market segmentation by component, industry vertical, and geography. The report provides key statistics on the market status of the leading product life cycle management in manufacturing market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•  Based on component, the global product life cycle management in manufacturing market is segmented into software and services.
  
•  On the basis of industry vertical, the market is segmented into automotive, aerospace and defense, electronics and semiconductor, and others.
  

MARKET DYNAMICS

Drivers:

•  The product life cycle management in manufacturing market is anticipated to grow in the forecast period owing to driving factors such as growing adoption of IoT and advent of industrial revolution, industry 4.0. Moreover, increasing adoption of cloud based services is further likely to fuel the market growth.
  
•  Newer solutions are likely to open significant opportunities for the market player over the coming years.
  

Restraints:

•  Low acceptance by small and medium enterprises may hinder the growth of the product life cycle management in manufacturing market during the forecast period.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The product life cycle management in manufacturing market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the product life cycle management in manufacturing market in these regions.

IMPACT OF COVID-19 ON PRODUCT LIFE CYCLE MANAGEMENT IN MANUFACTURING MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the product life cycle management in manufacturing market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from product life cycle management in manufacturing market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the product life cycle management in manufacturing market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•  Accenture PLC
  
•  ANSYS, Inc.
  
•  Autodesk Inc.
  
•  Dassault Systemes
  
•  IBM
  
•  Infor
  
•  Oracle
  
•  PTC
  
•  SAP SE
  
•  Siemens AG
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Product Life Cycle Management in Manufacturing Report Scope