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Global Product Lifecycle Management (PLM) Software Market 2018-2023: A $63.2 Billion Opportunity - ResearchAndMarkets.com

September 27, 2018

DUBLIN--(BUSINESS WIRE)--Sep 27, 2018--The “Global Product Lifecycle Management (PLM) Software Market - Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.

The Product Life Cycle Management (PLM) Software market was valued at USD 43.5 billion in 2017 and is expected to reach USD 63.2 billion by 2023, registering a CAGR of 6.4% during the forecast period (2018-2023).

The factors such as the growing need for enhanced and sustainable solutions by manufacturers, need for integrated solutions, and dynamic feature of flexible scale-up or scale-down infrastructure are expected to boost the PLM market. However, issues related to high cost and complexity related to PLM software are estimated to challenge the growth of the market.

Key Highlights

Automotive Sector is Expected to Grow at a Significant Rate North America is Expected to Have the Highest Market Share

Major Developments in the Market

BigLever Software collaborated with PTC Inc. to deliver a new bridge solution that integrates PTC’s Windchill Product Lifecycle Management (PLM) solution with BigLever’s industry-standard Gears PLE Lifecycle Framework. This partnership with PTC is a significant step forward for BigLever and the continued expansion of the PLE Ecosystem of integrated tools, which is a vital part of its holistic onePLE solution. Siemens acquired TASS International, a global provider of simulation software, plus engineering and test services aimed primarily at the automotive industry to further strengthen Siemens’ PLM Software automotive offering.

Companies Profiled

IBM Corp. PTC Inc. Autodesk Inc. SAP SE Siemens AG Accenture PLC Aras Corporation Dassault Systmes SA Hewlett Packard Enterprise Company Oracle Corporation Arena Technologies LLC Omnify Software Inc. ApparelMagic Infor Inc.

Topics Covered

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Insights

5. Market Dynamics

6. Global Product Lifecycle Management Software Market Segmentation

7. Competitive Intelligence - Company Profiles

8. Investment Analysis

9. Future of Global Product Life Cycle Management Software Market

For more information about this report visit https://www.researchandmarkets.com/research/cq98m8/global_product?w=4.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180927005584/en/

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Related Topics:CAD, CAM and CAE Software

KEYWORD: EUROPE ASIA PACIFIC NORTH AMERICA SOUTH AMERICA AFRICA MIDDLE EAST

INDUSTRY KEYWORD: TECHNOLOGY ELECTRONIC DESIGN AUTOMATION SOFTWARE MANUFACTURING ENGINEERING PROFESSIONAL SERVICES OTHER PROFESSIONAL SERVICES

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 09/27/2018 10:30 AM/DISC: 09/27/2018 10:30 AM

http://www.businesswire.com/news/home/20180927005584/en

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