The global cloud-based PLM market was valued at USD 18.80 billion in 2016 and is projected to reach USD 76.65 billion by 2025, growing at a CAGR of 16.90% from 2017 to 2025.
Product Lifecycle Management (PLM) is a concept for seamless integration of all information throughout the lifecycle incurred a product. Cloud-based PLM provides greater control over various processes that are required in each part of a life cycle, and therefore transparent effort and revenue. Cloud-based PLM is useful for cloud vendors, data quality providers, application design and development service providers, data integration service providers, managed service providers.
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1. Market Drivers
1.1 Manufacturing Industry Boosting Cloud PLM
1.2 Increasing Cloud Adoption
1.3 Rising Need for Integrated PLM Solutions
2. Market Restraints
2.1 Slower Adoption of Cloud-Based PLM Solutions
2.2 Lack of A Strong Network of PLM Providers
The global cloud-based PLM market is segmented on the basis of verticals, organization size, application and region.
1. By Vertical:
1.1 Healthcare and Life Sciences
1.2 Retail and Consumer goods
1.3 Automotive and Transportation
1.4 Industrial Machinery and Heavy Equipment
1.5 Energy and Utilities
1.6 Telecommunication and IT
1.7 Semiconductor and Electronics
1.8 Aerospace and Defense
2. By Organization Size:
2.1 Large Companies
2.2 Small and Mid-sized Businesses
3. By Application:
3.1 Portfolio management
3.2 Customer management
3.3 Product Data management
3.4 Collaboration management
3.5 Compliance management
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Rest of the World
The major players in the market are as follows:
1. Oracle Corporation
4. Arena Solutions Inc.
5. Autodesk Inc.
6. Collaborate Cloud
7. Dassault Systems
9. Infor Inc.
10. PTC Inc.
11. SAP SE
12. Siemens AG
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the cloud based PLM market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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