Product Lifecycle Management Market Estimated to Grow at a Cagr of 8.1% During the Forecast Period from 2015 to 2022.

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...