Product Lifecycle Management

Publish Date

The Product Lifecycle Management global market research study delivers current market analysis plus a five year market and technology forecast. The study is available in multiple editions including worldwide, all regions, and most major countries

​Product Lifecycle Management: Defining the Product and Process Lifecycle

Product lifecycle management (PLM) represents an essential and core element for most companies’ overall enterprise business strategy.  PLM, today, cannot be confined solely to the design/build processes of a manufacturing company.  The scope of PLM has expanded to the extent that the product development process can be executed and managed from concept to end of life within a collaborative holistic framework.  PLM solution sets currently offered by PLM providers address all the design/build/support/maintain product lifecycle domains that define the manufacturing and business processes across a broad range of industries.

Currently, the PLM market is populated by a diverse array of solution providers that include product design authoring, manufacturing process creation and management, digital simulation, and product testing computer-aided design (CAD) computer-aided manufacturing (CAM) computer-aided engineering (CAE) suppliers, enterprise resource planning (ERP) suppliers, and enterprise business solution providers.  Additionally, industries are moving into the era of the digital enterprise, where all product design, manufacturing processes, services and support, and customer experiences are connected by a digital thread where the virtual and physical worlds coincide.  

Product Lifecycle Management Strategic Issues

Product Lifecycle Management (PLM) Market Trends

In addition to providing a five-year market forecast, the PLM market research provides detailed quantitative current market data and addresses key strategic issues as follows.

  • Software-as-a-Service (SaaS), subscription licensing models, and cloud deployment options continue to offer new, appealing avenues of PLM adoption, especially for small- and mid-sized customers, by lowering cost of entry, providing near-limitless scalability, and managing integration, infrastructure, and updates. It should be noted that most PLM providers regard Cloud services as SaaS. They make a distinction between licensing models and deployment models (Cloud, on-premises, hosted). Subscription licensing, for example, is being applied to both Cloud-based SaaS or per seat pricing. SaaS continues to grow in providing on-demand computing resources for complex simulation applications.
  • Automotive electrification, autonomous vehicles, and other trends toward smarter, more electrified products across markets is increasing demand for system engineering capabilities.  The increase in product complexity can be a significant burden to new product development programs. System engineering tools provide a holistic approach to understanding subsystem interactions during early design phases, reducing the need for more expensive late-stage changes prior to product launch and accelerating time-to-market.
  • Artificial intelligence is playing a larger role in generative product design.  PLM suppliers are using machine learning to provide generative design for technologies like additive manufacturing and advanced materials, as well as to streamline the user experience, assist in design creation, and in some cases create designs autonomously.    
  • Over the last few years, the multidiscipline nature of systems engineering drove acquisitions and partnerships as the larger competitors strived to offer the most comprehensive simulation portfolios.  Digital manufacturing first emerged as 3D simulation of production systems, and with the application of virtual commissioning (VC) where multidiscipline systems integration was required. As the concept of the digital twin become adopted and applied, VC has become a component of the digital twin.
  • PLM suppliers continue to embrace the benefits and transformative nature of the Industrial Internet of Things (IIoT) and the idea of data-driven asset management as a natural extension of PLM.  While end users have begun to adopt these tools for asset monitoring and predictive analytics,  the concept of the digital twin or closed-loop engineering – using the Industrial IoT captured field data to drive design change – remains in a relatively formative period.
  • The concept of digital twin has captured mainstream attention.  PLM products will be crucial in the creation and utilization of digital twins by providing modeling and simulation capabilities.
  • While the COVID-19 pandemic did not impact the 2019 demand for PLM solutions, the market projections do take into account industry trends with our best estimates for how COVID-19 will impact the operator training simulation market in different industries.     

Product Lifecycle Management Study Formats and Editions Available

This market study may be purchased as an Excel Workbook and/or as a PDF File.  The Workbook has some unique features such as the ability to view data in local currency.  Regional studies include country and industry market data.  Country studies include market trends and industry data.  Studies and formats available are listed below:

MIRA Workbook PDF File
Worldwide (includes regional data) Yes Yes
North America (includes country data) Yes No
Latin America (includes country data) Yes No
Europe, Middle East, Africa (includes country data) Yes No
Asia (includes country data) Yes No
Country Profiles (includes country data) No Yes

Countries included in each region.

Table of contents for these studies is shown in the following paragraphs.

Worldwide Research Focus Areas

Strategic Analysis

  • Major Trends
  • Industry Trends
  • Regional Trends
  • Strategies for Success

Competitive Analysis

  • Market Shares of the Leading Suppliers of PLM Solutions
  • Market Shares by Region
    • North America
    • Europe, Middle East, Africa
    • Asia
    • Latin America
  • Market Shares by Application Sector
    • Digital Manufacturing
    • Multi-Discipline CADx
    • PDM Platforms
  • Market Shares by Revenue Category
    • Software
    • Services
  • Market Shares by Service Type
    • Maintenance/Support
    • Implementation
    • Consulting
    • Software as a Service
  • Market Shares by Industry
    • AEC
    • Aerospace & Defense
    • Automotive
    • Electronics and Electrical
    • Food & Beverage
    • Household & Personal Care
    • Machinery
    • Marine
    • Medical Devices
    • Pharmaceutical & Biotech
    • Telecommunications
  • Market Shares by Customer Tier
  • Market Shares by Operating System
  • Market Shares by Deployment Model
  • Market Shares by Customer Type
  • Market Shares by Sales Channel

Market Forecast and History

  • Total PLM Software & Services Business
  • Shipments by Region
    • North America
    • Europe, Middle East, Africa
    • Asia
    • Latin America
  • Shipments by Application Sector
    • Digital Manufacturing
    • Multi-Discipline CADx
    • PDM Platform
  • Shipments by Revenue Category
    • Software
    • Services
  • Shipments by Service Type
    • Maintenance/Support
    • Implementation
    • Consulting
    • Software as a Service
  • Shipments by Industry
    • AEC
    • Aerospace & Defense
    • Automotive
    • Electronics and Electrical
    • Food & Beverage
    • Household & Personal Care
    • Machinery
    • Marine
    • Medical Devices
    • Pharmaceutical & Biotech
    • Telecommunications
  • Shipments by Customer Tier
  • Shipments by Operating System
  • Shipments by Deployment Model
  • Shipments by Sales Channel
  • Shipments by Customer Type

Industry Participants

The research identifies all relevant suppliers serving this market. 

Regional Research Focus Areas

Strategic Analysis

Competitive Analysis

  • Leading Suppliers in Region
  • Industry Shares in Region
  • Country Shares in Region
  • Leading Suppliers by Industry

Market History & Forecast Analysis 

  • Market History & Forecast by Country
  • Market History & Forecast by Industry

Industry Participants

List of countries & currencies included in each region: MIRA-Country

Country Research Focus Areas

Please contact us for the countries available for this study.