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Product Lifecycle Management Market Share

  • Report ID: 98
  • Published Date: Sep 30, 2024
  • Report Format: PDF, PPT

Product Lifecycle Management Market Share

Regionally, the product lifecycle management (PLM) market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in North America is expected to account for largest revenue share by 2036, attributed to rising demand for product lifecycle management in the aerospace & defense industry For instance, the United States became the highest aerospace exporter in 2020. The aerospace exports in the USA was valued at approximately USD 80 billion. Such factors are estimated to hike the growth of the market over the forecast period.

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Author Credits:  Abhishek Verma


  • Report ID: 98
  • Published Date: Sep 30, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Higher adoption of the integrated internet of things (IoT) and rising demand for product lifecycle management in the aerospace & defense industry are estimated to majorly boost the market growth.

The market is anticipated to attain a CAGR of ~9% over the forecast period, i.e., 2022 – 2031.

The requirement for higher initial investment and the possibility of data breach is estimated to challenge the market growth.

The market in North America region is projected to hold the largest market share by the end of 2031 and provide more business opportunities in the future.

The major players in the market are Autodesk Inc., Inflectra Corporation, Oracle Corporation, BAMBOO ROSE LLC, Propel Industries Pvt. Ltd., SAP SE, Ansys, Inc., The Hewlett-Packard Company, and others.
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