Edit Content

Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Product Lifecycle Management Market to reach USD 80.35 billion by 2027.

Global Product Lifecycle Management Market to reach USD 80.35 billion by 2027.

Product Code: OIRIA-73663302
Publish Date: 11-07-2021
Page: 200

Global Product Lifecycle Management Market is valued approximately USD 54 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 6.8% over the forecast period 2021-2027. Product lifecycle management refers to an idea for managing all data relating to the design, production, support and ultimate disposal of manufactured goods. This handling involves both the manufacturing of the good and the marketing of it. The growing demand for Product Lifecycle Management solutions in small, medium and large enterprises across various industries, digital adoption in several industries and technological advancements are the major factors nurturing the market growth. New technological trends such as additive manufacturing and engineering Augmented Reality (AR), and Virtual Reality (VR) will further propel the market. The demand from end use industries such as automotive, retail and manufacturing are growing, According to ILO, global EV sales exceeded 5.1 million units in, increasing by 2 million units from 2017, while in Europe and the United States, sales increased by 385,000 and 361,000 EVs, respectively in 2017-18. At the same time in 2018, China retailed nearly 1.1 million EVs and had 2.3 million active electronic vehicles, making it the largest EV market in the world. United Nations Conference on Trade and Development states that the global e-commerce sales jumped to $26.7 trillion in 2019, up 4% from $25.6 trillion in 2018. Associated deployment costs and integration challenges in the software may act as a restraint for its growth. However, increasing digital penetration in developing countries acts as an opportunity for Product Lifecycle Management Market in subsequent decade.

Key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World are analysed to provide a holistic picture of Product Lifecycle Management Market. Due to faster technological adoption as well as higher per capita income, North America has emerged as a significant region across the world in terms of market share. Whereas, Asia-Pacific is expected to exhibit the highest growth rate for the forecast period 2021-2027 owing to the growing demand for digital solutions. Rising disposable income will also boost growth in this region.

Major market player included in this report are:
IBM Corporation
Dassault Systemes.
Atos SE.
Autodesk, Inc
PTC, Inc
Siemens AG
Accenture PLC
Hewlett-Packard Company
Oracle Corporation

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:

By Deployment:

By End User:
Automotive And Transportation
Industrial Machinery
Electronics And Semiconductors
Energy And Utilities
Aerospace And Défense
IT And Telecomm

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Global Product Lifecycle Management Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Product Lifecycle Management Market, by Component, 2019-2027 (USD Billion)
1.2.2. Product Lifecycle Management Market, by Deployment, 2019-2027 (USD Billion)
1.2.3. Product Lifecycle Management Market, by End User, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Product Lifecycle Management Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Product Lifecycle Management Market Dynamics
3.1. Product Lifecycle Management Market Impact Analysis (2019-2027)
3.1.1. Market Drivers Increasing demand from end use industries Increasing digital adoption by companies
3.1.2. Market Challenges Data integration issues and cost factor
3.1.3. Market Opportunities Growing digital penetration in developing countries
Chapter 4. Global Product Lifecycle Management Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Product Lifecycle Management Market, by Component
5.1. Market Snapshot
5.2. Global Product Lifecycle Management Market by Component, Performance – Potential Analysis
5.3. Global Product Lifecycle Management Market Estimates & Forecasts by Component 2018-2027 (USD Billion)
5.4. Product Lifecycle Management Market, Sub Segment Analysis
5.4.1. Application/Software
5.4.2. Services
Chapter 6. Global Product Lifecycle Management Market, by Deployment
6.1. Market Snapshot
6.2. Global Product Lifecycle Management Market by Deployment, Performance – Potential Analysis
6.3. Global Product Lifecycle Management Market Estimates & Forecasts by Deployment 2018-2027 (USD Billion)
6.4. Product Lifecycle Management Market, Sub Segment Analysis
6.4.1. On-Premise
6.4.2. On-cloud
Chapter 7. Global Product Lifecycle Management Market, by End User
7.1. Market Snapshot
7.2. Global Product Lifecycle Management Market by End User, Performance – Potential Analysis
7.3. Global Product Lifecycle Management Market Estimates & Forecasts by End User 2018-2027 (USD Billion)
7.4. Product Lifecycle Management Market, Sub Segment Analysis
7.4.1. Automotive And Transportation
7.4.2. Industrial Machinery
7.4.3. Electronics And Semiconductors
7.4.4. Retail
7.4.5. Energy And Utilities
7.4.6. Aerospace And Défense
7.4.7. Pharmaceuticals
7.4.8. IT And Telecomm
7.4.9. Others
Chapter 8. Global Product Lifecycle Management Market, Regional Analysis
8.1. Product Lifecycle Management Market, Regional Market Snapshot
8.2. North America Product Lifecycle Management Market
8.2.1. U.S. Product Lifecycle Management Market Component breakdown estimates & forecasts, 2018-2027 Deployment breakdown estimates & forecasts, 2018-2027 End User breakdown estimates & forecasts, 2018-2027
8.2.2. Canada Product Lifecycle Management Market
8.3. Europe Product Lifecycle Management Market Snapshot
8.3.1. U.K. Product Lifecycle Management Market
8.3.2. Germany Product Lifecycle Management Market
8.3.3. France Product Lifecycle Management Market
8.3.4. Spain Product Lifecycle Management Market
8.3.5. Italy Product Lifecycle Management Market
8.3.6. Rest of Europe Product Lifecycle Management Market
8.4. Asia-Pacific Product Lifecycle Management Market Snapshot
8.4.1. China Product Lifecycle Management Market
8.4.2. India Product Lifecycle Management Market
8.4.3. Japan Product Lifecycle Management Market
8.4.4. Australia Product Lifecycle Management Market
8.4.5. South Korea Product Lifecycle Management Market
8.4.6. Rest of Asia Pacific Product Lifecycle Management Market
8.5. Latin America Product Lifecycle Management Market Snapshot
8.5.1. Brazil Product Lifecycle Management Market
8.5.2. Mexico Product Lifecycle Management Market
8.6. Rest of The World Product Lifecycle Management Market
Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.3. SAP SE Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. IBM Corporation
9.3.3. Dassault Systemes.
9.3.4. Atos SE.
9.3.5. Autodesk, Inc
9.3.6. PTC, Inc
9.3.7. Siemens AG
9.3.8. Accenture PLC
9.3.9. Hewlett-Packard Company
9.3.10. Oracle Corporation
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

Need Assistance

Contact Person -
Krishant Mennon
Call us @
+ 91 99931 15879
Email: sales@bizwitresearch.com


Why Choose Us?

Quality over Quantity

Backed by 60+ paid data sources our reports deliver crisp insights with no compromise quality.

Analyst Support

24x7 Chat Support plus
free analyst hours with every purchase

Flawless Methodology

Our 360-degree approach of market study, our research methods leave stones unturned.

Enquiry Now