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Product Lifecycle Management Market Size, Share & Trends Analysis Report by Software (Portfolio Management, Design & Engineering Management), by Deployment, by End Use, by Region, and Segment Forecasts, 2022-2030

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  • 170 Pages
  • March 2022
  • Region: Global
  • Grand View Research
  • ID: 5415455
Description Jump to:
The global product lifecycle management market size is expected to reach USD 54.36 billion by 2030, registering a CAGR of 8.6% from 2022 to 2030. Product lifecycle management is gradually advancing and witnessing continuous developments in the form of improved software capabilities. In addition to this, the demand for robust data analytics software platforms is also increasing and has been augmented by the evolution of core technologies such as blockchain, artificial intelligence, machine learning. Furthermore, the emergence of smart products and factories by small-scale enterprises is expected to open new avenues for the market players. These smart products have complex functionalities in terms of connectivity, security compliances, and others. Hence, the increasing demand for connected devices is anticipated to drive the growth of the product lifecycle management market over the forecast period.



Over the past few years, the product lifecycle management market has been witnessing several new developments, particularly in the end-use sectors to increase transparency in supply chain & manufacturing processes. Product lifecycle management software has the potential to offer improved supply chain accuracy, lower lead times, and increase sales. For instance, in June 2021, Accenture, an Ireland-based company that provided professional services, acquired DI Square, a Japan-based IT company specialized in data analytics software, for firm’s consulting for product lifecycle management (PLM) and application lifecycle management (ALM) systems integration. This acquisition of DI Square will increase Accenture’s engineering expertise for the automotive and other manufacturing clients in Japan and other markets.

The growing need for the latest IT technologies, such as cloud computing, Artificial Intelligence (AI), big data, and communication technologies, such as 5G, is expected to open new opportunities for the adoption of product lifecycle management solutions in various end-use industries. Several large enterprises are already pursuing a cloud-first strategy for deploying their enterprise software and other systems. It has led to the amalgamation of interconnected devices, robots, and a quick knowledge network within a factory environment. Moreover, the PLM cloud deployments are mostly focused on non-conventional industries and small and medium enterprises. It allows the manufacturers to consolidate information about product development, streamline or change orders and requests, and improve communication with the suppliers. In addition to this, the increasing specialization in customer experience, rapid implementation times, and deeper integration capabilities are propelling the growth of the market over the forecast period.

Product Lifecycle Management Market Report Highlights

  • The design and engineering management segment accounted for a significant market share of over 30% in 2021. The design and engineering PLM software is extensively used by the manufacturing sector to manage designing, development, and engineering processes for continuous industrial digitization. For instance, Dassault Systèmes use CATIA, an engineering and design leading software for product, which is used to design, simulate, analyze, and manufacture products in various industries including aerospace, automotive, consumer goods, and industrial machinery
  • The cloud segment is expected to register a significant CAGR of 9.0% over the forecast period. The segment growth can be attributed to an increase in demand for customer management, integration into Enterprise Resource Planning (ERP) system, IoT, and managing re-engineering in real-time
  • The automotive and transportation segment is expected to register a significant CAGR of 7.7% from 2022 to 2030. The increasing use of digital manufacturing and the rising integration of IoT in producing autonomous cars is one of the key trends expected to drive the automotive and transportation market during the forecast period
  • North America is expected to reach USD 17.97 billion by 2030. The region is expected to continue dominating the market over the forecast period in line with the aggressive adoption of next-generation technologies, such as IoT, additive manufacturing, augmented reality, and telecommunications technologies, such as LTE and 5G

Table of Contents

Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.2.1 Purchased Database
1.2.2 Internal Database
1.2.3 List of secondary sources
1.2.4 Primary Research
1.3 Information Analysis
1.4 Market Formulation & Data Visualization
1.5 Data Validation & Publishing
Chapter 2 Executive Summary
2.1 Product Lifecycle Management Market - Industry Snapshot & Key Buying Criteria, 2017 - 2030
2.2 Global Product Lifecycle Management Market, 2017 - 2030 (USD Million)
2.2.1 Global Product Lifecycle Management market, by region, 2017 - 2030 (USD Million
2.2.2 Global Product Lifecycle Management market, by software, 2017 - 2030 (USD Million
2.2.3 Global Product Lifecycle Management market, by deployment, 2017 - 2030 (USD Million
2.2.4 Global Product Lifecycle Management, by end use, 2017 - 2030 (USD Million
Chapter 3 Product Lifecycle Management: Industry Outlook
3.1 Market Segmentation and Scope
3.2 Market Size and Growth Prospects
3.3 Product Lifecycle Management - Value Chain Analysis
3.4 Product Lifecycle Management Market Dynamics
3.4.1 Market driver analysis
3.4.2 Market restraint/challenge analysis
3.5 Penetration and Growth Prospect Mapping
3.6 Market Analysis Tools
3.6.1 Product Lifecycle Management - Porter’s Five Forces Analysis
3.6.2 Product Lifecycle Management - PEST Analysis
3.7 Product Lifecycle Management - COVID-19 Impact Analysis
Chapter 4 Product Lifecycle Management: Software Segment Analysis
4.1 Product Lifecycle Management Market Share By Software, 2021 and 2030
4.2 Portfolio Management
4.2.1 Product lifecycle portfolio management market, 2017 - 2030 (USD Million)
4.3 Design & Engineering Management
4.3.1 Product lifecycle design & engineering management market, 2017 - 2030 (USD Million)
4.4 Quality & Compliance Management
4.4.1 Product lifecycle quality & compliance management market, 2017 - 2030 (USD Million)
4.5 Simulation, Testing, & Change Management
4.5.1 Product lifecycle simulation, testing, & change management market, 2017 - 2030 (USD Million)
4.6 Manufacturing Operations Management
4.6.1 Product lifecycle manufacturing operations management market, 2017 - 2030 (USD Million)
4.7 Others
4.7.1 Other product lifecycle management software market, 2017 - 2030 (USD Million)
Chapter 5 Product Lifecycle Management: Deployment Segment Analysis
5.1 Product Lifecycle Management Market Share By Deployment, 2021 and 2030
5.2 On-premise
5.2.1 On-premise product lifecycle management market, 2017 - 2030 (USD Million)
5.3 Cloud
5.3.1 Cloud product lifecycle management market, 2017 - 2030 (USD Million)
Chapter 6 Product Lifecycle Management: End-use Segment Analysis
6.1 Product Lifecycle Management Market Share By End-use, 2021 and 2030
6.2 Aerospace & Defense
6.2.1 Product lifecycle management market in aerospace & defense, 2017 - 2030 (USD Million)
6.3 Automotive & Transportation
6.3.1 Product lifecycle management market in automotive & transportation, 2017 - 2030 (USD Million)
6.4 Healthcare
6.4.1 Product lifecycle management market in healthcare, 2017 - 2030 (USD Million)
6.5 IT & Telecom
6.5.1 Product lifecycle management market in IT & telecom, 2017 - 2030 (USD Million)
6.6 Industrial Equipment & Heavy Machinery
6.6.1 Product lifecycle management market in industrial equipment & heavy machinery, 2017 - 2030 (USD Million)
6.7 Retail
6.7.1 Product lifecycle management market in retail, By Region, 2017 - 2030 (USD Million)
6.8 Semiconductor & Electronics
6.8.1 Product lifecycle management market in semiconductor & electronics, 2017 - 2030 (USD Million)
6.9 Others
6.9.1 Other product lifecycle management end use market, By Region, 2017 - 2030 (USD Million)
Chapter 7 Product Lifecycle Management: Regional Segment Analysis
7.1 Product Lifecycle Management Market: By Region Segment Outlook & Market Share 2021 and 2030
7.2 North America
7.2.1 North America product lifecycle management market, 2017 - 2030 (USD Million)
7.2.2 North America product lifecycle management market, by software, 2017 - 2030 (USD Million)
7.2.3 North America product lifecycle management market, by deployment, 2017 - 2030 (USD Million)
7.2.4 North America product lifecycle management market, by end use, 2017 - 2030 (USD Million)
7.2.5 U.S.
7.2.5.1 U.S. product lifecycle management market, 2017 - 2030 (USD Million)
7.2.5.2 U.S. product lifecycle management market, by software, 2017 - 2030 (USD Million)
7.2.5.3 U.S. product lifecycle management market, by deployment, 2017 - 2030 (USD Million)
7.2.5.4 U.S. product lifecycle management market, by end use, 2017 - 2030 (USD Million)
7.2.6 Canada
7.2.6.1 Canada product lifecycle management market, 2017 - 2030 (USD Million)
7.2.6.2 Canada product lifecycle management market, by software, 2017 - 2030 (USD Million)
7.2.6.3 Canada product lifecycle management market, by deployment, 2017 - 2030 (USD Million)
7.2.6.4 Canada product lifecycle management market, by end use, 2017 - 2030 (USD Million)
7.3 Europe
7.3.1 Europe product lifecycle management market, 2017 - 2030 (USD Million)
7.3.2 Europe product lifecycle management market, by software, 2017 - 2030 (USD Million)
7.3.3 Europe product lifecycle management market, by deployment, 2017 - 2030 (USD Million)
7.3.4 Europe product lifecycle management market, by end use, 2017 - 2030 (USD Million)
7.3.5 U.K.
7.3.5.1 U.K. product lifecycle management market, 2017 - 2030 (USD Million)
7.3.5.2 U.K. product lifecycle management market, by software, 2017 - 2030 (USD Million)
7.3.5.3 U.K. product lifecycle management market, by deployment, 2017 - 2030 (USD Million)
7.3.5.4 U.K. product lifecycle management market, by end use, 2017 - 2030 (USD Million)
7.3.6 Germany
7.3.6.1 Germany product lifecycle management market, 2017 - 2030 (USD Million)
7.3.6.2 Germany product lifecycle management market, by software, 2017 - 2030 (USD Million)
7.3.6.3 Germany product lifecycle management market, by deployment, 2017 - 2030 (USD Million)
7.3.6.4 Germany product lifecycle management market, by end use, 2017 - 2030 (USD Million)\
7.4 Asia Pacific
7.4.1 Asia Pacific product lifecycle management market, 2017 - 2030 (USD Million)
7.4.2 Asia Pacific product lifecycle management market, by software, 2017 - 2030 (USD Million)
7.4.3 Asia Pacific product lifecycle management market, by deployment, 2017 - 2030 (USD Million)
7.4.4 Asia Pacific product lifecycle management market, by end use, 2017 - 2030 (USD Million)
7.4.5 China
7.4.5.1 China product lifecycle management market, 2017 - 2030 (USD Million)
7.4.5.2 China product lifecycle management market, by software, 2017 - 2030 (USD Million)
7.4.5.3 China product lifecycle management market, by deployment, 2017 - 2030 (USD Million)
7.4.5.4 China product lifecycle management market, by end use, 2017 - 2030 (USD Million)
7.4.6 India
7.4.6.1 India product lifecycle management market,2017 - 2030 (USD Million)
7.4.6.2 India product lifecycle management market, by software, 2017 - 2030 (USD Million)
7.4.6.3 India product lifecycle management market, by deployment, 2017 - 2030 (USD Million)
7.4.6.4 India product lifecycle management market, by end use, 2017 - 2030 (USD Million)
7.4.7 Japan
7.4.7.1 Japan product lifecycle management market, 2017 - 2030 (USD Million)
7.4.7.2 Japan product lifecycle management market, by software, 2017 - 2030 (USD Million)
7.4.7.3 Japan product lifecycle management market, by deployment, 2017 - 2030 (USD Million)
7.4.7.4 Japan product lifecycle management market, by end use, 2017 - 2030 (USD Million)
7.5 Latin America
7.5.1 Latin America product lifecycle management market, 2017 - 2030 (USD Million)
7.5.2 Latin America product lifecycle management market, by software, 2017 - 2030 (USD Million)
7.5.3 Latin America product lifecycle management market, by deployment, 2017 - 2030 (USD Million)
7.5.4 Latin America product lifecycle management market, by end use, 2017 - 2030 (USD Million)
7.5.5 Brazil
7.5.5.1 Brazil product lifecycle management market, 2017 - 2030 (USD Million)
7.5.5.2 Brazil product lifecycle management market, by software, 2017 - 2030 (USD Million)
7.5.5.3 Brazil product lifecycle management market, by deployment, 2017 - 2030 (USD Million)
7.5.5.4 Brazil product lifecycle management market, by end use, 2017 - 2030 (USD Million)
7.5.6 Mexico
7.5.6.1 Mexico product lifecycle management market, 2017 - 2030 (USD Million)
7.5.6.2 Mexico product lifecycle management market, by software, 2017 - 2030 (USD Million)
7.5.6.3 Mexico product lifecycle management market, by deployment, 2017 - 2030 (USD Million)
7.5.6.4 Mexico product lifecycle management market, by end use, 2017 - 2030 (USD Million)
7.6 Middle East & Africa (Middle East & Africa (MEA))
7.6.1 MEA product lifecycle management market, 2017 - 2030 (USD Million)
7.6.2 Middle East & Africa (MEA) product lifecycle management market, by software, 2017 - 2030 (USD Million)
7.6.3 Middle East & Africa (MEA) product lifecycle management market, by deployment, 2017 - 2030 (USD Million)
7.6.4 Middle East & Africa (MEA) product lifecycle management market, by end use, 2017 - 2030 (USD Million)
Chapter 8 Competitive Analysis
8.1 Recent Developments and Impact Analysis, by Key Market Participants
8.2 Company/Competition Categorization
8.3 Vendor Landscape
8.3.1 Product Lifecycle Management Market: Key Company Market Ranking/Share Analysis, 2021
Chapter 9 Competitive Landscape
9.1 ANSYS, Inc.
9.1.1 Company overview
9.1.2 Financial performance
9.1.3 Product benchmarking
9.1.4 Strategic initiatives
9.2 Aras Corporation
9.2.1 Company overview
9.2.2 Financial performance
9.2.3 Product benchmarking
9.2.4 Strategic initiatives
9.3 Arena Solutions, Inc.
9.3.1 Company overview
9.3.2 Financial performance
9.3.3 Product benchmarking
9.3.4 Strategic initiatives
9.4 Oracle Corporation
9.4.1 Company overview
9.4.2 Financial performance
9.4.3 Product benchmarking
9.4.4 Strategic initiatives
9.5 SAP SE
9.5.1 Company overview
9.5.2 Financial performance
9.5.3 Product benchmarking
9.5.4 Strategic initiatives
9.6 AUTODESK, INC.
9.6.1 Company overview
9.6.2 Financial performance
9.6.3 Product benchmarking
9.6.4 Strategic initiatives
9.7 Siemens AG
9.7.1 Company overview
9.7.2 Financial performance
9.7.3 Product benchmarking
9.7.4 Strategic initiatives
9.8 PTC Inc.
9.8.1 Company overview
9.8.2 Financial performance
9.8.3 Product benchmarking
9.8.4 Strategic initiatives
9.9 Dassault Systèmes
9.9.1 Company overview
9.9.2 Financial performance
9.9.3 Product benchmarking
9.9.4 Strategic initiatives
9.10 Synopsys Inc.
9.10.1 Company overview
9.10.2 Financial performance
9.10.3 Product benchmarking
9.10.4 Strategic initiatives
List of Tables
Table 1 Product lifecycle management market-Industry snapshot & key buying criteria, 2017-2030
Table 2 Global product lifecycle management market, 2017-2030 (USD Million)
Table 3 Global product lifecycle management market, by region 2017-2030 (USD Million)
Table 4 Global product lifecycle management market, by software 2017-2030 (USD Million)
Table 5 Global product lifecycle management market, by deployment 2017-2030 (USD Million)
Table 6 Global product lifecycle management market, by end use 2017-2030 (USD Million)
Table 7 Product lifecycle portfolio management market, 2017-2030 (USD Million)
Table 8 Product lifecycle portfolio management market, by region, 2017-2030 (USD Million)
Table 9 Product lifecycle design & engineering management market, 2017-2030 (USD Million)
Table 10 Product lifecycle design & engineering management market, by region, 2017-2030 (USD Million)
Table 11 Product lifecycle quality & compliance management market, 2017-2030 (USD Million)
Table 12 Product lifecycle quality & compliance management market, by region, 2017-2030 (USD Million)
Table 13 Product lifecycle simulation, testing, & change management market, 2017-2030 (USD Million)
Table 14 Product lifecycle simulation, testing, & change management market, by region, 2017-2030 (USD Million)
Table 15 Product lifecycle manufacturing operations management market, 2017-2030 (USD Million)
Table 16 Product lifecycle manufacturing operations management market, by region, 2017-2030 (USD Million)
Table 17 Other product lifecycle management software market, 2017-2030 (USD Million)
Table 18 Other product lifecycle management software market, by region, 2017-2030 (USD Million)
Table 19 On-premise product lifecycle management software market, 2017-2030 (USD Million)
Table 20 On-premise product lifecycle management market, by region, 2017-2030 (USD Million)
Table 21 Cloud product lifecycle management market, 2017-2030 (USD Million)
Table 22 Cloud product lifecycle management market, by region, 2017-2030 (USD Million)
Table 23 Product lifecycle management market in aerospace & defense, 2017-2030 (USD Million)
Table 24 Product lifecycle management market in aerospace & defense, by region, 2017-2030 (USD Million)
Table 25 Product lifecycle management market in automotive & transportation, 2017-2030 (USD Million)
Table 26 Product lifecycle management market in automotive & transportation, by region, 2017-2030 (USD Million)
Table 27 Product lifecycle management market in healthcare market, 2017-2030 (USD Million)
Table 28 Product lifecycle management market in healthcare market, by region, 2017-2030 (USD Million)
Table 29 Product lifecycle management market in IT & telecom, 2017-2030 (USD Million)
Table 30 Product lifecycle management market in IT & telecom, by region, 2017-2030 (USD Million)
Table 31 Product lifecycle management market in industrial equipment & heavy machinery, 2017-2030 (USD Million)
Table 32 Product lifecycle management market in industrial equipment & heavy machinery, by region, 2017-2030 (USD Million)
Table 33 Product lifecycle management market in retail, 2017-2030 (USD Million)
Table 34 Product lifecycle management market in retail, by region, 2017-2030 (USD Million)
Table 35 Product lifecycle management market in semiconductor & electronics, 2017-2030 (USD Million)
Table 36 Product lifecycle management market in semiconductor & electronics, by region, 2017-2030 (USD Million)
Table 37 Other product lifecycle management end use market, 2017-2030 (USD Million
Table 38 Other product lifecycle management end use market, by region, 2017-2030 (USD Million)
Table 39 North America product lifecycle management market, by software, 2017-2030 (USD Million)
Table 40 North America product lifecycle management market, by deployment, 2017-2030 (USD Million)
Table 41 North America product lifecycle management market, by end use, 2017-2030 (USD Million)
Table 42 U.S. product lifecycle management market, by software, 2017-2030 (USD Million)
Table 43 U.S. product lifecycle management market, by deployment, 2017-2030 (USD Million)
Table 44 U.S. product lifecycle management market, by end use, 2017-2030 (USD Million)
Table 45 Canada product lifecycle management market, by software, 2017-2030 (USD Million)
Table 46 Canada product lifecycle management market, by deployment, 2017-2030 (USD Million)
Table 47 Europe product lifecycle management market, by deployment, 2017-2030 (USD Million)
Table 48 Europe product lifecycle management market, by end use, 2017-2030 (USD Million)
Table 49 U.K. product lifecycle management market, by software, 2017-2030 (USD Million)
Table 50 U.K. product lifecycle management market, by deployment, 2017-2030 (USD Million)
Table 51 U.K. product lifecycle management market, by end use, 2017-2030 (USD Million)
Table 52 Germany product lifecycle management market, by software, 2017-2030 (USD Million)
Table 53 Germany product lifecycle management market, by deployment, 2017-2030 (USD Million)
Table 54 Germany product lifecycle management market, by end use, 2017-2030 (USD Million)
Table 55 Asia Pacific product lifecycle management market, by software, 2017-2030 (USD Million)
Table 56 Asia Pacific product lifecycle management market, by deployment, 2017-2030 (USD Million)
Table 57 Asia Pacific product lifecycle management market, by end use, 2017-2030 (USD Million)
Table 58 China product lifecycle management market, by software, 2017-2030 (USD Million)
Table 59 China product lifecycle management market, by deployment, 2017-2030 (USD Million)
Table 60 China product lifecycle management market, by end use, 2017-2030 (USD Million)
Table 61 India product lifecycle management market, by software, 2017-2030 (USD Million)
Table 62 India product lifecycle management market, by deployment, 2017-2030 (USD Million)
Table 63 India product lifecycle management market, by end use, 2017-2030 (USD Million)
Table 64 Japan product lifecycle management market, by software, 2017-2030 (USD Million)
Table 65 Japan product lifecycle management market, by deployment, 2017-2030 (USD Million)
Table 66 Japan product lifecycle management market, by end use, 2017-2030 (USD Million)
Table 67 Latin America product lifecycle management market, by software, 2017-2030 (USD Million)
Table 68 Latin America product lifecycle management market, by deployment, 2017-2030 (USD Million)
Table 69 Latin America product lifecycle management market, by end use, 2017-2030 (USD Million)
Table 70 Brazil product lifecycle management market, by software, 2017-2030 (USD Million)
Table 71 Brazil product lifecycle management market, by deployment, 2017-2030 (USD Million)
Table 72 Brazil product lifecycle management market, by end use, 2017-2030 (USD Million)
Table 73 Mexico product lifecycle management market, by software, 2017-2030 (USD Million)
Table 74 Mexico product lifecycle management market, by deployment, 2017-2030 (USD Million)
Table 75 Mexico product lifecycle management market, by end use, 2017-2030 (USD Million)
Table 76 Middle East & Africa (MEA) product lifecycle management market, by software, 2017-2030 (USD Million)
Table 77 Middle East & Africa (MEA) product lifecycle management market, by deployment, 2017-2030 (USD Million)
Table 78 Middle East & Africa (MEA) product lifecycle management market, by end use, 2017-2030 (USD Million)
List of Figures
Fig. 1 Market segmentation and scope
FIG. 2 Global product lifecycle management market, 2017-2030 (USD Million)
FIG. 3 Product lifecycle management market-Value chain analysis
FIG. 4 Product lifecycle management market-Market dynamics
FIG. 5 Product lifecycle management market-penetration & growth prospect mapping
FIG. 6 Product lifecycle management market-Porter’s analysis
FIG. 7 Product lifecycle management market-PESTEL analysis
FIG. 8 Product lifecycle management market-Company share/ranking analysis, 2021
FIG. 9 Product lifecycle management market: By software segment outlook & market share, 2021 and 2030
FIG. 10 Product lifecycle management market: By deployment segment outlook & market share, 2021 and 2030
FIG. 11 Product lifecycle management market: By end-use segment outlook & market share, 2021 and 2030
FIG. 12 Product lifecycle management market: By region segment outlook & market share, 2021 and 2030
FIG. 13 North America product lifecycle management market: Key takeaways
FIG. 14 Europe product lifecycle management market: Key takeaways
FIG. 15 Asia Pacific product lifecycle management market: Key takeaways
FIG. 16 Latin America product lifecycle management market: Key takeaways
FIG. 17 Middle East & Africa (MEA) product lifecycle management market: Key takeaways

Companies Mentioned

  • ANSYS, Inc.
  • Aras Corporation
  • Arena Solutions, Inc.
  • Oracle Corporation
  • SAP SE
  • AUTODESK, INC.
  • Siemens AG
  • PTC Inc.
  • Dassault Systèmes
  • Synopsys Inc.

Methodology

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Table Information

Report AttributeDetails
No. of Pages170
PublishedMarch 2022
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 28.02 Billion
Forecasted Market Value ( USD ) by 2030 $ 54.36 Billion
Compound Annual Growth Rate8.6%
Regions CoveredGlobal
No. of Companies Mentioned10

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