Product Lifecycle Management

The Product Lifecycle Management global market research study delivers current market analysis plus a five year market and technology forecast. The study is available in multiple editions including worldwide, all regions, and most major countries.

​Product Lifecycle Management: Defining the Product and Process Lifecycle

Product lifecycle management (PLM) represents an essential and core element for most companies’ overall enterprise business strategy.  PLM, today, cannot be confined solely to the design/build processes of a manufacturing company.  The scope of PLM has expanded to the extent that the product development process can be executed and managed from concept to end of life within a collaborative holistic framework.  PLM solution sets currently offered by PLM providers address all the design/build/support/maintain product lifecycle domains that define the manufacturing and business processes across a broad range of industries.

Currently, the PLM market is populated by a diverse array of solution providers that include product design authoring, manufacturing process creation and management, digital simulation, and product testing computer-aided design (CAD) computer-aided manufacturing (CAM) computer-aided engineering (CAE) suppliers, enterprise resource planning (ERP) suppliers, and enterprise business solution providers.  Additionally, industries are moving into the era of the digital enterprise, where all product design, manufacturing processes, services and support, and customer experiences are connected by a digital thread where the virtual and physical worlds coincide.  

Product Lifecycle Management Strategic Issues

Product Lifecycle Management (PLM) Market Trends

In addition to providing a five-year market forecast, the PLM market research provides detailed quantitative current market data and addresses key strategic issues as follows.

  • Innovative Technologies, commonly used for digital transformation, such as additive manufacturing, augmented reality, virtual reality, and artificial intelligence facilitate a company’s enablement of their PLM solutions with new capabilities. This trend is expected to grow as these technologies become more robust, increasing the demand for PLM.
  • Software-as-a-Service (SaaS), subscription licensing models, and cloud deployment options continue to offer new and more appealing avenues for PLM adoption, especially for small- and mid-sized customers, by lowering the cost of entry, providing near-limitless scalability, and managing integration, infrastructure, and updates.
  • Automotive electrification, autonomous vehicles, and other trends toward smarter, more electrified products across markets is increasing demand for system engineering capabilities.  The increase in product complexity can be a significant burden to new product development programs. System engineering tools provide a holistic approach to understanding subsystem interactions during early design phases, reducing the need for more expensive late-stage changes prior to product launch and accelerating time-to-market.
  • Artificial intelligence is playing a larger role in generative product design.  PLM suppliers are using machine learning to provide generative design for technologies like additive manufacturing and advanced materials, as well as to streamline the user experience, assist in design creation, and in some cases create designs autonomously.    
  • Collaborative and co-innovation capabilities are becoming critical. Suppliers recognize that inefficient business processes and workflows have become the largest barrier to extracting the full value from their products. To address this, suppliers are modifying their PDM software or creating altogether new platforms to act as hubs for their products. In doing so, they can deliver a more cohesive experience for customers utilizing data across tools and business units.
  • Almost every company across the globe has felt an impact of market and business disruptions. In the beginning, the pandemic created a liquidity crunch for some companies, but it also brought to light the need for a comprehensive digital transformation strategy as part of a “survive and thrive strategy”. Scalable, flexible PLM strategies are finding their way as a part of larger, company-wide digital transformation strategies.

Product Lifecycle Management Study Formats and Editions Available

This market study may be purchased as an Excel Workbook and/or as a PDF File.  The Workbook has some unique features such as the ability to view data in local currency.  Regional studies include country and industry market data.  Country studies include market trends and industry data.  Studies and formats available are listed below:

MIRA Workbook PDF File
Worldwide (includes regional data) Yes Yes
North America (includes country data) Yes No
Latin America (includes country data) Yes No
Europe, Middle East, Africa (includes country data) Yes No
Asia (includes country data) Yes No
Annual Subscription Yes Yes

Countries included in each region.

Table of contents for these studies is shown in the following paragraphs.

Worldwide Research Focus Areas

Strategic Analysis

  • Major Trends
  • Industry Trends
  • Regional Trends
  • Strategies for Success

Competitive Analysis

  • Market Shares of the Leading Suppliers of PLM Solutions
  • Market Shares by Region
    • North America
    • Europe, Middle East, Africa
    • Asia
    • Latin America
  • Market Shares by Application Sector
    • Digital Manufacturing/Manufacturing Process Management
    • C-Design
    • PDM
  • Market Shares by Industry
    • AEC
    • Aerospace & Defense
    • Automotive
    • Electronics and Electrical
    • Food & Beverage
    • Household & Personal Care
    • Machinery
    • Marine
    • Medical Devices
    • Pharmaceutical & Biotech
    • Telecommunications
  • Market Shares by Deployment Model
    • Cloud
    • Hosted
    • On Premise
  • Market Shares by Customer Tier
  • Market Shares by Customer Type
  • Market Shares by Sales Channel

Market Forecast and History

  • Total PLM Software & Services Business
  • Shipments by Region
    • North America
    • Europe, Middle East, Africa
    • Asia
    • Latin America
  • Shipments by Application Sector
    • Digital Manufacturing/Manufacturing Process Management
    • C-Design
    • PDM
  • Shipments by Industry
    • AEC
    • Aerospace & Defense
    • Automotive
    • Electronics and Electrical
    • Food & Beverage
    • Household & Personal Care
    • Machinery
    • Marine
    • Medical Devices
    • Pharmaceutical & Biotech
    • Telecommunications
  • Shipments by Deployment Model
    • Cloud
    • Hosted
    • On Premise
  • Shipments by Customer Tier
  • Shipments by Sales Channel
  • Shipments by Customer Type

Industry Participants

The research identifies all relevant suppliers serving this market. 

Regional Research Focus Areas

Strategic Analysis

Competitive Analysis

  • Leading Suppliers in Region
  • Industry Shares in Region
  • Country Shares in Region
  • Leading Suppliers by Industry

Market History & Forecast Analysis 

  • Market History & Forecast by Country
  • Market History & Forecast by Industry

Industry Participants

List of countries & currencies included in each region: MIRA-Country

For More Information

For more information or to purchase the Product Lifecycle Management market research study, please contact us.

Representative Automation Clients
Representative Software Clients