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Product Life-Cycle Management (PLM) IT Global Market Report 2025
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Product Lifecycle Management (PLM) IT is the process of integrating information technology tools and solutions to manage a product's complete lifecycle, from its inception through design, manufacturing, distribution, and final retirement or destruction. PLM IT provides a centralized platform for storing and managing product-related data, ensuring that all stakeholders have access to up-to-date and accurate information, thereby reducing the risk of errors and miscommunication.

The main components of Product Lifecycle Management (PLM) IT are software and services. Software refers to a set of instructions and data that enable a computer to perform specific tasks or functions. Various functions include system engineering (SE), product portfolio management (PPM), product design, and manufacturing process management (MPM), and these are applied in various applications such as information technology (IT), telecommunications, and others.

The product life-cycle management (PLM) IT research report is one of a series of new reports from The Business Research Company that provides product life-cycle management (PLM) IT market statistics, including the product life-cycle management (PLM) IT industry's global market size, regional shares, competitors with a product life-cycle management (PLM) IT market share, detailed product life-cycle management (PLM) IT market segments, market trends, and opportunities, and any further data you may need to thrive in the product life-cycle management (PLM) IT industry. This product life-cycle management (PLM) IT market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The product life-cycle management (PLM) IT market size has grown strongly in recent years. It will grow from $24.6 billion in 2024 to $26.56 billion in 2025 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to increased pace in product operations, data generation and management, regulatory compliance and safety, focus on smart products, need for comprehensive platforms.

The product life-cycle management (PLM) IT market size is expected to see strong growth in the next few years. It will grow to $34.09 billion in 2029 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to the increasing demand for autonomous cars, the increased adoption of industrial IoT (IIoT), the increasing demand for cloud-based solutions, the demand for mechanical computer-aided design (MCAD) and electronic computer-aided design (ECAD), rising demand for product-user integration. Major trends in the forecast period include technological advancements, integration of IoT with PLM solutions, growing technologically sophisticated solutions, digital transformation initiatives, the growing incorporation of IoT in the manufacturing of smart autos.

The growing adoption of digital transformation is expected to drive the expansion of the product lifecycle management (PLM) IT market. Digital transformation involves the comprehensive integration of digital technologies, strategies, and processes across all areas of an organization. This trend is gaining momentum due to advancements in technology and a greater understanding of its advantages across various industries. Digital transformation supports PLM IT by streamlining the integration of design, production, and maintenance processes, fostering efficient and collaborative product development throughout every stage. For example, in October 2023, Whatfix, an Indian SaaS-based digital adoption platform, reported that global IT spending is projected to reach $5 trillion in 2024, reflecting an 8.6% increase from 2023. This rise underscores the growing emphasis businesses are placing on digital technologies to enhance operations and meet changing market demands. Therefore, the increasing use of digital transformation is fueling the growth of the PLM IT market.

Leading companies in the product lifecycle management (PLM) IT market are concentrating on developing innovative solutions, such as Fusion 360, which integrates computer-aided design (CAD), computer-aided manufacturing (CAM), and computer-aided engineering (CAE) capabilities. In December 2023, Autodesk, Inc., a US-based software corporation, introduced Fusion 360, a cloud-based platform seamlessly combining CAD, CAM, and CAE functionalities. This integration empowers users to design, simulate, and manufacture products within a unified platform, streamlining the product development process.

In June 2022, ITC Infotech, an India-based technology services and solutions provider, acquired PTC's PLM consulting and professional services business for an undisclosed amount. The acquisition led to the establishment of a new business unit named DxP Services, aiming to collaborate on developing joint offerings that expedite customer digital transformation initiatives. PTC, a US-based company, offers a range of consulting and professional services, including PLM.

Major companies operating in the product life-cycle management (PLM) IT market are Hewlett-Packard Company, Accenture plc, Oracle Corporation, SAP SE, Tata Consultancy Services Limited, Atos SE, Dassault Systemes SE, Synopsys Inc., Autodesk Inc., ANSYS Inc., Siemens Product Lifecycle Management Software Inc., IFS AB, PTC Inc., Arena Solutions Inc., Centric Software Inc., Anaplan Inc., Bamboo Rose LLC, Kalypso LP, Plex Systems Inc., Onshape Inc., PropelPLM Inc., Plex Systems Inc., Onshape Inc., PropelPLM Inc., Aras Corporation, Inflectra Corporation, BigLever Software Inc., Infor LLC

North America was the largest region in the Product life-cycle management (PLM) IT market in 2024. The regions covered in the product life-cycle management (plm) it market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the product life-cycle management (plm) it market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The product lifecycle management (PLM) IT market includes revenues earned by entities by providing services such as design collaboration, version control, change management, and integrated data management to optimize product development processes. The market value includes the value of related goods sold by the service provider or included within the service offering. The product life-cycle management (PLM) IT market also consists of sales of software and services related to managing and optimizing the entire life cycle of a product, from conception to disposal. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Life-Cycle Management (PLM) IT Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on product life-cycle management (plm) it market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Where is the largest and fastest growing market for product life-cycle management (plm) it ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The product life-cycle management (plm) it market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.

Scope

Table of Contents

1. Executive Summary

2. Product Life-Cycle Management (PLM) IT Market Characteristics

3. Product Life-Cycle Management (PLM) IT Market Trends And Strategies

4. Product Life-Cycle Management (PLM) IT Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Covid And Recovery On The Market

5. Global Product Life-Cycle Management (PLM) IT Growth Analysis And Strategic Analysis Framework

6. Product Life-Cycle Management (PLM) IT Market Segmentation

7. Product Life-Cycle Management (PLM) IT Market Regional And Country Analysis

8. Asia-Pacific Product Life-Cycle Management (PLM) IT Market

9. China Product Life-Cycle Management (PLM) IT Market

10. India Product Life-Cycle Management (PLM) IT Market

11. Japan Product Life-Cycle Management (PLM) IT Market

12. Australia Product Life-Cycle Management (PLM) IT Market

13. Indonesia Product Life-Cycle Management (PLM) IT Market

14. South Korea Product Life-Cycle Management (PLM) IT Market

15. Western Europe Product Life-Cycle Management (PLM) IT Market

16. UK Product Life-Cycle Management (PLM) IT Market

17. Germany Product Life-Cycle Management (PLM) IT Market

18. France Product Life-Cycle Management (PLM) IT Market

19. Italy Product Life-Cycle Management (PLM) IT Market

20. Spain Product Life-Cycle Management (PLM) IT Market

21. Eastern Europe Product Life-Cycle Management (PLM) IT Market

22. Russia Product Life-Cycle Management (PLM) IT Market

23. North America Product Life-Cycle Management (PLM) IT Market

24. USA Product Life-Cycle Management (PLM) IT Market

25. Canada Product Life-Cycle Management (PLM) IT Market

26. South America Product Life-Cycle Management (PLM) IT Market

27. Brazil Product Life-Cycle Management (PLM) IT Market

28. Middle East Product Life-Cycle Management (PLM) IT Market

29. Africa Product Life-Cycle Management (PLM) IT Market

30. Product Life-Cycle Management (PLM) IT Market Competitive Landscape And Company Profiles

31. Product Life-Cycle Management (PLM) IT Market Other Major And Innovative Companies

32. Global Product Life-Cycle Management (PLM) IT Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Product Life-Cycle Management (PLM) IT Market

34. Recent Developments In The Product Life-Cycle Management (PLM) IT Market

35. Product Life-Cycle Management (PLM) IT Market High Potential Countries, Segments and Strategies

36. Appendix

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