#CloudPLM

[market-insider]

Adoption of Product Lifecycle Management (PLM) Solutions: Market Insights, Industry Impact

The global product lifecycle management market size is expected to reach USD 54.36 billion by 2030, expanding at a CAGR of 9.2% from 2023 to 2030, according to a new report by Grand View Research, Inc. 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.

Product Lifecycle Management Market Report Highlights

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 automotive & transportation segment dominated the market with the highest revenue share of 23.6% in 2022. 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 dominated the market with the largest revenue share of 35.4% in 2022, the region is 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

For More Details or Sample Copy please visit link @: Product Lifecycle Management Market Report

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.

List of Key Players in the Product Lifecycle Management Market

ANSYS, Inc

Aras

PTC Inc

Seimens

Oracle

SAP

Autodesk Inc.

Dassault Systèmes

Synopsys, Inc.

PTC

We have segmented the global product lifecycle management market based on component, deployment, end-use, and region.

[amyrasheldon]

Boost your manufacturing game with the sky-high power of cloud computing! Embrace cloud computing and watch your business soar to new levels of efficiency, innovation, and profitability.

[tranquilbusinesssolutions]

PLM software is an answer that deals with the entirety of the data and cycles at each progression of an item or service lifecycle across globalized supply chains. This incorporates the information from things, parts, items, reports, prerequisites, designing change requests, and quality work processes.

[prolimglobal]

Teamcenter - Integrating Requirements with The Entire Product Lifecycle.

Teamcenter software facilitates a wide variety of business initiatives, including lean design, quality improvement, product test and integration, material management etc..

[prolimsolutionsindia]

Cloud PLM Basics & Benefits With the world’s #technology continuously increasing efficiency, the digital transformation of enterprises is more prevalent now than ever. Read this blog to know the benefits of Cloud Product lifecycle management to accelerate your business goals. https://lnkd.in/gansX2n For more information, contact us at marketing.india@prolim.com

[zimmermoni]

Effective engineering teams build products at the speed of their customer’s needs — and that’s how they speed ahead of the competition and gain market share without compromising quality: https://t.co/5Hux9fpjsa #PLM #ProductSuccessDelivered #CloudPLM https://t.co/A8HuQ7qmPF

Effective engineering teams build products at the speed of their customer’s needs — and that’s how they speed ahead of the competition and gain market share without compromising quality: https://t.co/5Hux9fpjsa#PLM #ProductSuccessDelivered #CloudPLM pic.twitter.com/A8HuQ7qmPF

— Matthew E Zimmerman (@Zimm_Matt) March 5, 2020

via Twitter https://twitter.com/Zimm_Matt March 05, 2020 at 10:09AM

[zimmermoni]

Thank you, BlentechCorp for sharing your success story at our SKO week. Super excited to host you! #customerfirst #productsuccessdelivered #cloudPLM https://t.co/gB4Bp90nWC

Thank you, BlentechCorp for sharing your success story at our SKO week. Super excited to host you! #customerfirst #productsuccessdelivered #cloudPLM https://t.co/gB4Bp90nWC

— Matthew E Zimmerman (@Zimm_Matt) February 13, 2020

via Twitter https://twitter.com/Zimm_Matt February 12, 2020 at 07:29PM

[zimmermoni]

Are you still utilizing a legacy #PLM solution that's stagnating your ability to innovate? To develop and launch products today, you need a #CloudPLM. To get more insights, get the Rethink Your PLM Guide: https://t.co/c0HU85IT8M https://t.co/tdI1kgDRcI

Are you still utilizing a legacy #PLM solution that's stagnating your ability to innovate? To develop and launch products today, you need a #CloudPLM. To get more insights, get the Rethink Your PLM Guide: https://t.co/c0HU85IT8M pic.twitter.com/tdI1kgDRcI

— Matthew E Zimmerman (@Zimm_Matt) January 20, 2020

via Twitter https://twitter.com/Zimm_Matt January 20, 2020 at 04:10PM

[zimmermoni]

📢Join us at PI PLMx in San Diego on November 11-12th. Come by booth #10 to learn how Propel can help you launch innovative and quality products to market faster while reducing costs. #PLM #ProductSuccessDelivered #CloudPLM https://t.co/26LxXo3S5i

📢Join us at PI PLMx in San Diego on November 11-12th. Come by booth #10 to learn how Propel can help you launch innovative and quality products to market faster while reducing costs. #PLM #ProductSuccessDelivered #CloudPLM pic.twitter.com/26LxXo3S5i

— Matthew E Zimmerman (@Zimm_Matt) November 8, 2019

via Twitter https://twitter.com/Zimm_Matt November 08, 2019 at 04:05PM

[zimmermoni]

Having disparate #PLM and #QMS systems create silos within your organization. Integrating both will drive higher product quality and profitability. Get the datasheet to learn more. https://t.co/cdeOsZiKDE #CloudPLM #MedTech #MedicalDevices https://t.co/z2IZ1yaWQa

Having disparate #PLM and #QMS systems create silos within your organization. Integrating both will drive higher product quality and profitability. Get the datasheet to learn more. https://t.co/cdeOsZiKDE#CloudPLM #MedTech #MedicalDevices pic.twitter.com/z2IZ1yaWQa

— Matthew E Zimmerman (@Zimm_Matt) October 29, 2019

via Twitter https://twitter.com/Zimm_Matt October 29, 2019 at 10:53AM

[zimmermoni]

RT beankaash: Moving from a legacy #PLM to a modern ☁️cloud-based PLM is critical if you want to be responsive and meet the rapidly changing needs of customers. Get more insights here: Rethink Your PLM Guide📗 https://t.co/7hZnt2AkHE #ProductSuccessDelivered #CloudPLM PropelPLM

RT beankaash: Moving from a legacy #PLM to a modern ☁️cloud-based PLM is critical if you want to be responsive and meet the rapidly changing needs of customers. Get more insights here: Rethink Your PLM Guide📗 https://t.co/7hZnt2AkHE #ProductSuccessDelivered #CloudPLM PropelPLM

— Matthew E Zimmerman (@Zimm_Matt) October 24, 2019

via Twitter https://twitter.com/Zimm_Matt October 24, 2019 at 03:05PM

[zimmermoni]

RT vnehess: Here’s what you need to know about selecting a modern QMS for your #medtech business #CloudPLM #ProductSuccessDelivered PropelPLM free guide: https://t.co/MEv9reAoSl

RT vnehess: Here’s what you need to know about selecting a modern QMS for your #medtech business #CloudPLM #ProductSuccessDelivered PropelPLM free guide:https://t.co/MEv9reAoSl

— Matthew E Zimmerman (@Zimm_Matt) October 1, 2019

via Twitter https://twitter.com/Zimm_Matt September 30, 2019 at 07:31PM

[zimmermoni]

🤔Are you getting all of these ☁️modern cloud benefits out of your legacy #PLM? Check out our 🎖️Top 10 list here: https://t.co/SmSR2sJwLj #CloudPLM #ProductSuccessDelivered https://t.co/cqTd0WU5yx

🤔Are you getting all of these ☁️modern cloud benefits out of your legacy #PLM? Check out our 🎖️Top 10 list here: https://t.co/SmSR2sJwLj #CloudPLM #ProductSuccessDelivered pic.twitter.com/cqTd0WU5yx

— Matthew E Zimmerman (@Zimm_Matt) September 24, 2019

via Twitter https://twitter.com/Zimm_Matt September 24, 2019 at 01:09PM

[zimmermoni]

RT beankaash: Are you getting all of these modern benefits out of your legacy #PLM? Check out our Top 10 list here: https://t.co/eUSYTP6K49 #CloudPLM #ProductSuccessDelivered https://t.co/CkefxofQT3

RT beankaash: Are you getting all of these modern benefits out of your legacy #PLM? Check out our Top 10 list here: https://t.co/eUSYTP6K49 #CloudPLM #ProductSuccessDelivered pic.twitter.com/CkefxofQT3

— Matthew E Zimmerman (@Zimm_Matt) September 24, 2019

via Twitter https://twitter.com/Zimm_Matt September 24, 2019 at 11:34AM