1. Market Research
  2. > ICT
  3. > Software
  4. > Enterprise Software Market Trends
Global Product Lifecycle Management Market By Software Type, By Deployment Type, By End User, By Regional Outlook, COVID-19 Impact Analysis Report and Forecast, 2021 - 2027

Global Product Lifecycle Management Market By Software Type, By Deployment Type, By End User, By Regional Outlook, COVID-19 Impact Analysis Report and Forecast, 2021 - 2027

  • August 2021
  • 309 pages
  • ID: 6155871
  • Format: PDF
  • KBV Research


Table of Contents

The Global Product Lifecycle Management Market size is expected to reach $41.9 billion by 2027, rising at a market growth of 6.8% CAGR during the forecast period. Product lifecycle management (PLM) is considered as the systematic management of a product when it moves across various crucial stages of its product life that include development & introduction, growth, maturity, and decline. This whole process also includes product manufacturing and marketing. Through this approach, companies can make informed business decisions, from determining prices and product promotion to expansion or even cost-cutting.

The demand for product lifecycle management software is anticipated to boost in the coming years due to the factors like increasing demand for software solutions for change management, data management, bills of materials, compliance management, cost management, and governance management. With the ongoing integration of several new technologies like augmented reality, virtual reality, Industrial Internet of Things (IIoT), and additive manufacturing with PLM solutions, the demand for PLM solutions in the upcoming years. The high adoption of various cloud-based solutions by the companies to facilitate remote working and sustain in the competitive market during the COVID-19 pandemic would accelerate the demand for PLM solutions in the market. There are several PLM software providers who are estimating their users to vigorously migrate to cloud-based solutions.

COVID-19 Impact

The outbreak of the global COVID-19 pandemic has a different impact on various industrial verticals of the business domain. Numerous impositions like the travel ban, lockdown, and temporary ban on manufacturing units have significantly impacted various businesses. In addition, the work from home culture has become the new normal, for which companies are digitally transforming them for better operations. This digital transformation leads to the increasing demand for advanced solutions like PLM.

As numerous organizations have adopted remote working, the deployment of cloud-based solutions by these companies has surged the demand for product lifecycle management solutions in the market. The pandemic has a positive impact on the growth of the product lifecycle management market due to the high adoption of cloud-based solutions across various organizations.

Market Growth Factors:

PLM solutions help in boosting productivity

In the absence of PLM solutions, a company spends more time carrying out the activities related to product lifecycle management. This requires more investment of time and cost from the company and further increasing the time to promote any product. But, by adopting PLM solutions, companies can consolidate all product data like designs, workflows, plans, and communication on a single PLM platform, which boosts the overall productivity of the organization.

Minimizing the risk

Product compliance is one of the important factors in completing the process of the product lifecycle including manufacturing, sales, and service. Thus, non-compliance with regulatory standards results in critical damage to the brand image, which would affect customer retention. Though, a company can tackle this problem by using product lifecycle management solutions that help in informing the authorities about any deviation in the process.

Market Restraining Factor:

Inflexible PLM systems result in the wastage of time or expensive workarounds

The PLM software structure is inflexible; however, engineering teams require an adaptable solution to work in a smooth manner. It results in a cause-and-effect concept wherein the product teams consider that these PLM systems hamper the progress, and thus, they usually get workarounds that have negative effects. Users would often work remotely to the system in order to accelerate the product development process.

Software Type Outlook

Based on Software Type, the market is segmented into Design & Engineering Management, Manufacturing Operations Management, Portfolio Management, Simulation, Testing, & Change Management, Quality & Compliance Management and Others. The design & engineering management segment dominated the market by obtaining the highest market share in 2020. The design & engineering procedures are changing constantly along with the constant technological advancements. The collaborative and lean product development approaches are majorly used by organizations in product lifecycle management.

Deployment Type Outlook

Based on Deployment Type, the market is segmented into Cloud and On-Premise. The on-premise deployment type helps the companies to be more flexible to tailor their IT infrastructure. In addition, this kind of deployment also enables companies to decrease their dependency on the internet. Moreover, on-premise deployment can also assist companies in safeguarding their data from any kind of online fraud and prevent the company from potential losses. These benefits would attract more companies to adopt on-premise PLM solutions.

End User Outlook

Based on End User, the market is segmented into Automotive & Transportation, IT & Telecom, Aerospace & Defense, Retail, Healthcare, Semiconductor & Electronics, Industrial Equipment & Heavy Machinery and Others. The automotive and transportation segment procured the highest market share of the PLM market in 2020. PLM software enables the key companies of the automotive sector to track any kind of faults in automobiles and reply to customer concerns, and thus, minimizing the product dispatch time in the field. Along with extracting the product information from engineering systems, applications, and custom databases, PLM software also helps in tracking the functionality across the product lifecycle and thus, enabling the key players of the automotive industry to detect and solve any core issues negatively impacting the customer experience.

Regional Outlook

Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. The Asia Pacific is anticipated to register promising growth rate during the forecast period. The ongoing infrastructure development and industrial expansion, especially in developing countries like India and China, is projected to augment the growth of the product lifecycle management market in this region. Various large enterprises in the Asia Pacific, operating across numerous industry verticals like electronics, automotive, aerospace & defense, and telecommunications, are increasingly aiming at the transformation of their engineering procedures and product development operations and thus, highly implementing PLM tools. These trends are fueling the growth of the regional product lifecycle management market during the forecast period.

The major strategies followed by the market participants are Partnerships. Based on the Analysis presented in the Cardinal matrix; SAP SE, Tata Consultancy Services Ltd., Oracle Corporation are the forerunners in the Product Lifecycle Management Market. Companies such as Dassault Systemes SE, Autodesk, Inc., Infor, Inc. are some of the key innovators in the market.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SAP SE, Oracle Corporation, Siemens AG, Dassault Systemes SE, IBM Corporation, Hewlett Packard Enterprise Company, Accenture PLC, Autodesk, Inc., Tata Consultancy Services Ltd. and Infor, Inc.

Recent Strategies Deployed in Product Lifecycle Management Market

Partnerships, Collaborations, and Agreements:

Jun-2021: Dassault Systèmes came into collaboration with Alstom, along with Accenture. Under this collaboration, Alstom selected Accenture and Dassault Systèmes to make the latest cloud platform for product lifecycle management (PLM), which helps in accelerating the company’s competitiveness and support its growth.

Jun-2021: Infor collaborated with Atria, one of the leading meat and food companies in the Nordic countries, Estonia and Russia. Under this collaboration, Atria selected Infor PLM for Process (Optiva) is a standardized platform for their product development across the company. Infor PLM for Process (Optiva) substituted a legacy solution including various separate applications. This would assist in supporting future digital transformation initiatives, boost and enhance R&D processes and improve industry-specific calculations.

Jun-2021: Infor came into collaboration with Tresoldi Metalli, a leading international metal-cutting service center. In this collaboration, Tresoldi Metalli deployed Infor LN, an ERP solution for manufacturing companies, to assist in enhancing production planning and control, which makes it the most efficient and effective management via the review of business procedures.

Apr-2021: Dassault Systèmes extended its partnership with Bouygues Construction. This expansion aimed to the capacity offered by Dassault Systèmes’ 3DEXPERIENCE platform to partner across the lifecycle of a project and also to develop and model product lines, wherein interactions with architects, developers, subcontractors, customers, suppliers, and operating organizations would be simplified and streamlined.

Jan-2021: Siemens collaborated with the U.S. Air Force (USAF). Under this collaboration, the U.S. Air Force (USAF) chosen Siemens’ Teamcenter software to complement the service branch’s digital acquisition and sustainment strategy for crucial systems & technologies. By offering the Air Force and other defense agencies a comprehensive enterprise PLM solution, time-sensitive and actionable information could be accessed over the starting phases of a system lifecycle, leading to reduced operational costs, fewer downtimes, and entire enhanced readiness.

Dec-2020: SAP extended its partnership with Microsoft, an American multinational technology corporation. This expansion aimed to enable users to design and run intelligent digital supply chains and Industry 4.0 solutions in the cloud and at the edge. In this partnership, SAP would utilize Microsoft Azure to operate such solutions in a software-as-a-service (SaaS) model, which assists in decreasing the customer’s requirement to manage the software and underlying infrastructure and also boosting the time to value of supply chain applications.

Jul-2020: SAP SE formed a partnership with Siemens, a German multinational conglomerate corporation. This partnership aimed to bring together companies’ software solutions for product lifecycle, supply chain, and asset management to deliver their customers with new innovation and collaborative business models, which would boost industry transformation across the world. Together, the companies would help users to break down siloes so that manufacturers, product design teams, and service managers have the data that they require to rapidly make and manage customer-centric product and service offerings.

May-2020: Dassault Systèmes extended its partnership with Persistent Systems, a technology services company. Through this expansion, Persistent Systems would add up to its digital transformation capabilities in Northern Europe. This expansion aimed to bring industrial OEMs and suppliers to the Dassault Systèmes 3DEXPERIENCE platform. In addition, the partnership would assist customers to decrease costs, enhance supplier collaboration, support agility, and accumulate better field insights for future product iterations and customer support.

Acquisitions and Mergers:

Aug-2021: Accenture acquired DI Square’s consulting capabilities for product lifecycle management (PLM) and application lifecycle management (ALM) systems integration. This acquisition aimed to expand Accenture’s engineering expertise for automotive and other manufacturing customers in Japan and other markets.

May-2021: Autodesk took over Upchain, a provider of instant-on, cloud-based product lifecycle management (PLM) and product data management (PDM) solutions. This acquisition aimed to expand Autodesk’s portfolio and strengthen their commitment to provide the next-generation software platform for design & manufacturing and make more value for users by eliminating collaboration barriers and boosting efficiency and resiliency.

Jan-2021: IBM took over 7Summits, a leading Salesforce consultancy. This acquisition aimed to expand IBM’s portfolio of Salesforce services and experience design offerings and further improve IBM’s hybrid cloud and AI strategy.

Aug-2020: Accenture took over Turin-based boutique systems integrator PLM Systems. This acquisition aimed to expand Accenture’s capabilities to assist customers to enhance the way they generate, manage and get advantage from product data in design, engineering, and manufacturing.

Scope of the Study

Market Segments covered in the Report:

By Software Type

• Design & Engineering Management

• Manufacturing Operations Management

• Portfolio Management

• Simulation, Testing, & Change Management

• Quality & Compliance Management

• Others

By Deployment Type

• Cloud

• On-Premise

By End User

• Automotive & Transportation

• IT & Telecom

• Aerospace & Defense

• Retail

• Healthcare

• Semiconductor & Electronics

• Industrial Equipment & Heavy Machinery

• Others

By Geography

• North America

o US

o Canada

o Mexico

o Rest of North America

• Europe

o Germany

o UK

o France

o Russia

o Spain

o Italy

o Rest of Europe

• Asia Pacific

o China

o Japan

o India

o South Korea

o Singapore

o Malaysia

o Rest of Asia Pacific


o Brazil

o Argentina


o Saudi Arabia

o South Africa

o Nigeria

o Rest of LAMEA

Companies Profiled


• Oracle Corporation

• Siemens AG

• Dassault Systemes SE

• IBM Corporation

• Hewlett Packard Enterprise Company

• Accenture PLC

• Autodesk, Inc.

• Tata Consultancy Services Ltd.

• Infor, Inc.

Unique Offerings

• Exhaustive coverage

• Highest number of market tables and figures

• Subscription based model available

• Guaranteed best price

• Assured post sales research support with 10% customization free

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Partner Relationship Management Market Research Report by Organization Size, by Component, by Vertical, by Deployment Type, by Region - Global Forecast to 2027 - Cumulative Impact of COVID-19

  • $ 3949
  • January 2022
  • 203 pages

Partner Relationship Management Market Research Report by Organization Size (Large Enterprises and Small and medium-sized enterprises (SMEs)), by Component (Services and Solutions), by Vertical, by Deployment ...

  • World
  • Enterprise Software
  • Industry analysis


Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on