DUBLIN–(BUSINESS WIRE)–The “Product Lifecycle Management Market – Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027” report has been added to ResearchAndMarkets.com’s offering.
Product lifecycle management refers to the handling of products as it moves through its product life, which includes: growth, maturity, and decline.
Product lifecycle management can help manufacturers in decision-making from pricing to promotion. Product lifecycle management software can manage and transfer the information effectively throughout the entire lifecycle of the product effectively. Product lifecycle management software is majorly getting adopted in various industries such as consumer electronics, industrial machinery, packaged foods.
Market Dynamics
Product lifecycle management is majorly getting adopted across various end-use industries such as healthcare, manufacturing, consumer electronics. PLM can easily manage information related to production, product development, delivery process, through which the manufacturer can reduce operational and manufacturing costs, which in turn increases the profit.
For instance, according to India Brand Equity Foundation (IBEF), under the ‘Make in India’ scheme, the central government of India is focusing to increase the share of the manufacturing sector up to 25% of countries GDP by the year 2025, which is expected to boost the demand for product lifecycle management over the forecast period.
The high initial cost of product lifecycle management is expected to hamper the growth of PLM over the forecast period.
Key features of the study:
This report provides in-depth analysis of the global Product Lifecycle Management market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players It profiles leading players in the global Product Lifecycle Management market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans Companies covered as part of this study Dassault Systems, Hewlett-Packard Company, PTC, Inc., Atos SE, Siemens AG, Accenture plc, Autodesk, Inc., IBM Corporation, SAP SE, and Aras Corporation. Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics The global Product Lifecycle Management market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Product Lifecycle Management market Detailed Segmentation
Global Product Lifecycle Management Market, By Component:
Software On-premise Cax NC S&A AEC CPDM Digital Manufacturing EDA Others Cloud Based Cax NC S&A AEC CPDM Digital Manufacturing EDA Others Service Consulting Integration Operation and Maintenance Global Product Lifecycle Management Market, By End-use:
Automotive and Transportation Aerospace and Defense Industrial Machinery and Heavy Equipment Electronics and Semiconductor Energy and Utilities Consumer Products and Retail Medical Devices and Pharmaceutical IT and Telecom Others (Marine, Chemical) Global Product Lifecycle Management Market, By
Companies Mentioned
Dassault Systems Hewlett-Packard Company PTC, Inc Atos SE Siemens AG Accenture plc Autodesk, Inc IBM Corporation SAP SE Aras Corporation For more information about this report visit https://www.researchandmarkets.com/r/xw7a3m