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Product Lifecycle Management (PLM) Market Growth and its Detail Analysis by Top Key players like Accenture plc, Arena Solutions, Autodesk, Dassault Systèmes, Infor, Oracle Corporation, PropelPLM, PTC, SAP

Press release   •   Jul 18, 2019 20:41 IST

The product lifecycle management (PLM) software manages the complete production of any product through design, inspection and manufacturing. Adoption of PLM significantly helps organizations with the complexity and engineering challenges in case of new product development. The current market landscape highlights the focus of key players in integrating innovative features in PLM to meet demand across industries.

The product lifecycle management market is anticipated to witness robust growth on account of increasing adoption of digitalization and introduction of cloud technology to consolidate information across industries. Besides, product innovations and productivity enhancement are other important factors driving market growth. However, the high cost may hamper the overall growth of the product lifecycle management market.

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Top Key Players: Accenture plc, Arena Solutions, Inc, Autodesk Inc., Dassault Systèmes, Infor, Oracle Corporation, PropelPLM, Inc., PTC Inc., SAP SE and among others.

The "Global Product Lifecycle Management (PLM) Market Analysis to 2027" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of product lifecycle management market with detailed market segmentation by component, industry vertical, and geography. The global product lifecycle management market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading product lifecycle management market players and offers key trends and opportunities in the market.

The global product lifecycle management market is segmented on the basis of component and industry vertical. Based on component, the market is segmented as software and services. By component, the market is further sub-segmented as cloud-based and on-premise. On the other hand, service segment is further classified as implementation & integration services, consulting services, and support & maintenance services. On the basis of the application the market is segmented as automotive, aerospace and defense, electronics and semiconductor, it and telecom, healthcare, energy and utilities, and others.

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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global product lifecycle management market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The product lifecycle management 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.

Reason to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global product lifecycle management (PLM) Market
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the product lifecycle management (PLM) Market, thereby allowing players to develop effective long term strategies. 
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, Healthcare and Telecommunication industries.

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