Product Lifecycle Management - Overview, Global Market Estimates and Trends

Transparency Market

Research

Product Lifecycle Management Market - Global Industry

Analysis, Size, Share, Growth, Trends and Forecast 2015 2022

Published Date

2015-05-12

143 Page Report

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Press Release

Product Lifecycle Management (PLM) Market Expected to Reach

US$ 75.87 Bn by 2022 Globally

Product Lifecycle Management Market

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Product Lifecycle Management Market

REPORT DESCRIPTION

According to a new market report published by Transparency Market Research Product Lifecycle

Management Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2022, the

global PLM market is expected to reach a value of US$ 75.87 Bn by 2022. The market is estimated to grow

at a CAGR of 8.1% during the forecast period from 2015 to 2022. The rising demand for product

innovation, productivity enhancement, reduction in operational costs as well as increasing deployment of

PLM solutions in the non-traditional end-use sectors such as consumer products and retail, medical devices

and pharmaceutical are some of the key factors driving the growth of PLM market, globally.

Browse the full Product Lifecycle Management Market report at

http://www.transparencymarketresearch.com/product-lifecycle-management-market.html

North America was the largest market for PLM in the year 2014 accounting for a market share of around

33%. North America is a mature market in terms of adoption of PLM solutions due to high investments in

various end-use segments in technologies to reduce the time-to-market products and reduce the overall

cost of production. The Middle East and Africa (MEA) region is expected to be the fastest growing market

for PLM with estimated CAGR of 14.7% during the forecast period. Until now, MEA had a comparatively low

adoption of...