Global Product Lifecycle Management (PLM) Growth Opportunities

Global Product Lifecycle Management (PLM) Growth Opportunities

Cutting-edge Technology Pushes Manufacturing to New Frontiers

RELEASE DATE
11-Apr-2024
REGION
North America
Deliverable Type
Market Research
Research Code: K9FB-01-00-00-00
SKU: IA_2024_652
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SKU
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Description

Modern manufacturing is an intricate and complex process that requires accuracy and proper management. Companies must streamline their design, development, and production, ensure a stable and predictable supply chain for their products, and comply with environmental and safety regulations. Recent events have highlighted these requirements, including new technologies with the potential to accelerate the different production stages, supply chain disruptions due to the COVID-19 pandemic, escalating tension in the Red Sea, and new laws that incentivize companies to become more sustainable.

Product lifecycle management (PLM) software addresses these concerns by offering a centralized data management platform that companies can use to monitor and manage their manufacturing activities and integrate into other industrial software. The PLM industry has been revolutionized by new technologies, including artificial intelligence and the cloud, as well as the development of new functionalities. Therefore, the question is not whether to adopt PLM but when to do so.

Table of Contents

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the PLM Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Analysis

PLM Functions

Industry Segmentation

Industry Verticals

Industry Verticals (continued)

Regional Segmentation

Key Competitors

Key Competitors in APAC

Growth Metrics

PLM Industry Overview

Distribution Channel Analysis

Partner Ecosystem

Partnership Aggregate, Breakdown by Region

Partnership Breakdown by Region

Partnership Regional Distribution Analysis

Growth Drivers

Growth Driver Analysis

Growth Restraints

Growth Restraint Analysis

PLM Software’s Main Capabilities

Data Management

Engineering Data and PLM

Supply Chain Management

Regulatory Compliance, Cost Reduction, and Reduced Time to Market

Future Trends

Technological Innovation

AI in PLM

Digitalization

The Digital Thread

Servitization

Sustainability

Forecast Considerations

Acquisitions and Collaborations

Revenue Forecast

Revenue Forecast Analysis

Revenue Forecast by Region

Revenue Forecast by Region Analysis

Revenue Forecast by Industry Segment

Revenue Forecast by Industry Vertical

Revenue Forecast by Industry Vertical Analysis

Revenue Forecast by Industry Vertical Analysis (continued)

Pricing Trends and Forecast Analysis

Software by Deployment Type: Forecast

Revenue Share: Software and Services Segmentation

Competitive Environment

Competitive Environment Analysis

Revenue Share: Software

Revenue Share: Software and Services from Vendors

Total Industry Size

Revenue Share Analysis

Revenue Share Analysis (continued)

Growth Metrics

Revenue Forecast

Revenue Forecast by Industry Segment

Revenue Forecast by Industry Vertical

Forecast Analysis

Growth Metrics

Revenue Forecast

Revenue Forecast by Industry Segment

Revenue Forecast by Industry Vertical

Forecast Analysis

Growth Metrics

Revenue Forecast

Revenue Forecast by Industry Segment

Revenue Forecast by Industry Vertical

Forecast Analysis

Growth Opportunity 1: Increasing the Presence of PLM Service Providers

Growth Opportunity 1: Increasing the Presence of PLM Service Providers (continued)

Growth Opportunity 2: Expanding PLM Software's Capabilities in the Semiconductors Industry

Growth Opportunity 2: Expanding PLM Software's Capabilities in the Semiconductors Industry (continued)

Growth Opportunity 3: Creating PLM Software Offerings for Small and Medium-sized Businesses

Growth Opportunity 3: Creating PLM Software Offerings for Small and Medium-sized Businesses (continued)

Growth Opportunity 4: Developing Specialized Offerings for the Medical Devices and Pharmaceutical Industries

Growth Opportunity 4: Developing Specialized Offerings for the Medical Devices and Pharmaceutical Industries (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

Modern manufacturing is an intricate and complex process that requires accuracy and proper management. Companies must streamline their design, development, and production, ensure a stable and predictable supply chain for their products, and comply with environmental and safety regulations. Recent events have highlighted these requirements, including new technologies with the potential to accelerate the different production stages, supply chain disruptions due to the COVID-19 pandemic, escalating tension in the Red Sea, and new laws that incentivize companies to become more sustainable. Product lifecycle management (PLM) software addresses these concerns by offering a centralized data management platform that companies can use to monitor and manage their manufacturing activities and integrate into other industrial software. The PLM industry has been revolutionized by new technologies, including artificial intelligence and the cloud, as well as the development of new functionalities. Therefore, the question is not whether to adopt PLM but when to do so.
More Information
Deliverable Type Market Research
Author Francisco Dellera
Industries Industrial Automation
No Index No
Is Prebook No
Podcast No
WIP Number K9FB-01-00-00-00