Cloud product lifecycle management market size to grow by USD 1,233.47 million from 2022 to 2027 – Technavio

NEW YORK, Aug. 10, 2023 /PRNewswire/ — The cloud product lifecycle management market size is estimated to grow at a CAGR of 6.46% between 2022 and 2027. The market size is forecast to increase by USD 1,233.47 million. Discover some insights on market size historic period (2017 to 2021) and Forecast (2023 to 2027) before buying the full report –Request a sample report

Global Cloud product lifecycle management market – Vendor Analysis
Vendor Landscape – The global cloud product lifecycle management market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer cloud product lifecycle management in the market are Accenture Plc, ApparelMagic, Aras Corp., Autodesk Inc., Dassault Systemes SE, Edaforce Inc., Essig PLM, FusePLM LLC, IFS World Operations AB, Koch Industries Inc., Oracle Corp., Professional Systems Associates Inc., PROLIM Global Corp., Propel Software Solutions Inc., PTC Inc., SAP SE, and Siemens AG. 

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Special coverage on the Russia–Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recessionGlobal competitiveness and key competitor positionsMarket presence across multiple geographical footprints – Strong/Active/Niche/Trivial – Buy the report!

Company Offerings –

Accenture Plc: The company offers cloud-based product lifecycle management solutions to the airline, automotive, industrial equipment, and public transportation industries.ApparelMagic: The company offers cloud-based product lifecycle management solutions such as ApparelMagic Cloud, a web-based service providing integrated PLM, ERP, order management and accounting.Aras Corp.: The company offers cloud-based product lifecycle management solutions such as PLM Software for Global Business, Complex ProductsFor details on the vendor and its offerings – Request a sample report

Cloud Product Lifecycle Management Market – Segmentation Assessment

Segment Overview
Technavio has segmented the cloud product lifecycle management market by product (CPDM, DM, and CAD), business segment (large enterprises, small, and medium enterprises), and geography (North America, Europe, APAC, South America, and Middle East and Africa).

The market share growth by the CPDM segment will be significant during the forecast period. One of the key benefits of cloud-based CPDM is that it enables better collaboration between manufacturers and suppliers by making product data accessible through any connected Internet. Another key feature of this segment is that it helps to control access to viewing and editing for specific users, helping them to protect sensitive intellectual property from leakage or abuse without the need for a firewall or workarounds. Thus, such advantages of this segment will drive the growth of the market during the forecast period.

Geography Overview

North America is estimated to contribute 48% to the growth of the global market during the forecast period. Due to the existence and strong penetration of major players of cloud-based product lifecycle management products, there has been an increase in overall market growth in the region. In addition, as new and emerging technologies are promoted in North America and the region early adopts advanced technologies in all industries, the North American market has always been lucrative for product suppliers. Because of North America’s strong financial position, the region can make huge investments in deploying the most advanced and cutting-edge technologies and tools to ensure efficient corporate operations. Thus, such factors could significantly boost the cloud PLM market in the region.

For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 – Download a Sample Report

Cloud Product Lifecycle Management Market – Market Dynamics

Key Drive –

One of the key factors driving cloud product lifecycle management market growth is the reduction in IT expenditure. Owing to the rising demand and to stay competitive in the market, most companies have raised their spending on purchasing and maintaining IT infrastructure. Therefore, this increased cost adds to the overall operating cost of the business. Hence, it is expected to drive the growth of the cloud product lifecycle management (PLM) market during the forecast period.

Leading Trend – 

A key factor shaping the cloud product lifecycle management market growth is the increasing adoption of automatic real-time tracking of products. In the present market, as many users are working on content in real-time, there is an increasing need for real-time monitoring and collaboration. Some of the key benefits of these features include raised overall productivity and intelligent product lifecycle management. Hence, the above features of these systems are expected to boost the cloud product lifecycle management market growth during the forecast period.

Significant Challenge –  

Rise in bandwidths and performance costs are the key challenges hindering the cloud product lifecycle management market growth. While businesses can save money on hardware, management, and maintenance by using cloud-based solutions, they have to spend more money on bandwidth when using these services. Costs vary depending on the size of the application. To transmit and deliver complex and intensive data over a network, an enterprise needs sufficient bandwidth. Hence, the increasing cost of these bandwidths creates a significant challenge that will impede the growth of the cloud product lifecycle management (PLM) market during the forecast period.

Drivers, Trends and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this Cloud Product Lifecycle Management Market report?

CAGR of the market during the forecast periodDetailed information on factors that will drive the growth of the cloud product lifecycle management market between 2023 and 2027Precise estimation of the cloud product lifecycle management market size and its contribution to the market in focus on the parent marketAccurate predictions about upcoming trends and changes in consumer behaviorGrowth of the cloud product lifecycle management market industry across North America, Europe, APAC, South America, and the Middle East and AfricaA thorough analysis of the market’s competitive landscape and detailed information about vendorsComprehensive analysis of factors that will challenge the growth of cloud product lifecycle management market companies

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Table Of Contents 

1 Executive Summary

1.1 Market overviewExhibit 01: Executive Summary – Chart on Market OverviewExhibit 02: Executive Summary – Data Table on Market OverviewExhibit 03: Executive Summary – Chart on Global Market CharacteristicsExhibit 04: Executive Summary – Chart on Market by GeographyExhibit 05: Executive Summary – Chart on Market Segmentation by ProductExhibit 06: Executive Summary – Chart on Market Segmentation by Business SegmentExhibit 07: Executive Summary – Chart on Incremental GrowthExhibit 08: Executive Summary – Data Table on Incremental GrowthExhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystemExhibit 10: Parent marketExhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definitionExhibit 12: Offerings of vendors included in the market definition3.2 Market segment analysis Exhibit 13: Market segments3.3 Market size 20223.4 Market outlook: Forecast for 2022-2027 Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global cloud product lifecycle management market 2017 – 2021 Exhibit 18: Historic Market Size – Data Table on global cloud product lifecycle management market 2017 – 2021 ($ million)4.2 Product Segment Analysis 2017 – 2021 Exhibit 19: Historic Market Size – Product Segment 2017 – 2021 ($ million)4.3 Business type Segment Analysis 2017 – 2021 Exhibit 20: Historic Market Size – Business type Segment 2017 – 2021 ($ million)4.4 Geography Segment Analysis 2017 – 2021 Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)4.5 Country Segment Analysis 2017 – 2021 Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summaryExhibit 23: Five forces analysis – Comparison between 2022 and 20275.2 Bargaining power of buyers Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 20275.3 Bargaining power of suppliers Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 20275.4 Threat of new entrants Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 20275.5 Threat of substitutes Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 20275.6 Threat of rivalryExhibit 28: Threat of rivalry – Impact of key factors in 2022 and 20275.7 Market conditionExhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Product

6.1 Market segmentsExhibit 30: Chart on Product – Market share 2022-2027 (%)Exhibit 31: Data Table on Product – Market share 2022-2027 (%)6.2 Comparison by Product Exhibit 32: Chart on Comparison by ProductExhibit 33: Data Table on Comparison by Product6.3 cPDM – Market size and forecast 2022-2027 Exhibit 34: Chart on cPDM – Market size and forecast 2022-2027 ($ million)Exhibit 35: Data Table on cPDM – Market size and forecast 2022-2027 ($ million)Exhibit 36: Chart on cPDM – Year-over-year growth 2022-2027 (%)Exhibit 37: Data Table on cPDM – Year-over-year growth 2022-2027 (%)6.4 DM – Market size and forecast 2022-2027 Exhibit 38: Chart on DM – Market size and forecast 2022-2027 ($ million)Exhibit 39: Data Table on DM – Market size and forecast 2022-2027 ($ million)Exhibit 40: Chart on DM – Year-over-year growth 2022-2027 (%)Exhibit 41: Data Table on DM – Year-over-year growth 2022-2027 (%)6.5 CAD – Market size and forecast 2022-2027 Exhibit 42: Chart on CAD – Market size and forecast 2022-2027 ($ million)Exhibit 43: Data Table on CAD – Market size and forecast 2022-2027 ($ million)Exhibit 44: Chart on CAD – Year-over-year growth 2022-2027 (%)Exhibit 45: Data Table on CAD – Year-over-year growth 2022-2027 (%)6.6 Market opportunity by Product Exhibit 46: Market opportunity by Product ($ million)Exhibit 47: Data Table on Market opportunity by Product ($ million)

7 Market Segmentation by Business Segment

7.1 Market segmentsExhibit 48: Chart on Market Segmentation by Business Segment – Market share 2022-2027 (%)Exhibit 49: Data Table on Market Segmentation by Business Segment – Market share 2022-2027 (%)7.2 Comparison by Market Segmentation by Business Segment Exhibit 50: Chart on Comparison by Market Segmentation by Business SegmentExhibit 51: Data Table on Comparison by Market Segmentation by Business Segment7.3 Large enterprises – Market size and forecast 2022-2027 Exhibit 52: Chart on Large enterprises – Market size and forecast 2022-2027 ($ million)Exhibit 53: Data Table on Large enterprises – Market size and forecast 2022-2027 ($ million)Exhibit 54: Chart on Large enterprises – Year-over-year growth 2022-2027 (%)Exhibit 55: Data Table on Large enterprises – Year-over-year growth 2022-2027 (%)7.4 Small and medium enterprises – Market size and forecast 2022-2027 Exhibit 56: Chart on Small and medium enterprises – Market size and forecast 2022-2027 ($ million)Exhibit 57: Data Table on Small and medium enterprises – Market size and forecast 2022-2027 ($ million)Exhibit 58: Chart on Small and medium enterprises – Year-over-year growth 2022-2027 (%)Exhibit 59: Data Table on Small and medium enterprises – Year-over-year growth 2022-2027 (%)7.5 Market opportunity by Market Segmentation by Business Segment Exhibit 60: Market opportunity by Market Segmentation by Business Segment ($ million)Exhibit 61: Data Table on Market opportunity by Market Segmentation by Business Segment ($ million)

8 Customer Landscape

8.1 Customer landscape overview Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation Exhibit 63: Chart on Market share by geography 2022-2027 (%)Exhibit 64: Data Table on Market share by geography 2022-2027 (%)9.2 Geographic comparison Exhibit 65: Chart on Geographic comparisonExhibit 66: Data Table on Geographic comparison9.3 North America – Market size and forecast 2022-2027 Exhibit 67: Chart on North America – Market size and forecast 2022-2027 ($ million)Exhibit 68: Data Table on North America – Market size and forecast 2022-2027 ($ million)Exhibit 69: Chart on North America – Year-over-year growth 2022-2027 (%)Exhibit 70: Data Table on North America – Year-over-year growth 2022-2027 (%)9.4 Europe – Market size and forecast 2022-2027 Exhibit 71: Chart on Europe – Market size and forecast 2022-2027 ($ million)Exhibit 72: Data Table on Europe – Market size and forecast 2022-2027 ($ million)Exhibit 73: Chart on Europe – Year-over-year growth 2022-2027 (%)Exhibit 74: Data Table on Europe – Year-over-year growth 2022-2027 (%)9.5 APAC – Market size and forecast 2022-2027 Exhibit 75: Chart on APAC – Market size and forecast 2022-2027 ($ million)Exhibit 76: Data Table on APAC – Market size and forecast 2022-2027 ($ million)Exhibit 77: Chart on APAC – Year-over-year growth 2022-2027 (%)Exhibit 78: Data Table on APAC – Year-over-year growth 2022-2027 (%)9.6 South America – Market size and forecast 2022-2027 Exhibit 79: Chart on South America – Market size and forecast 2022-2027 ($ million)Exhibit 80: Data Table on South America – Market size and forecast 2022-2027 ($ million)Exhibit 81: Chart on South America – Year-over-year growth 2022-2027 (%)Exhibit 82: Data Table on South America – Year-over-year growth 2022-2027 (%)9.7 Middle East and Africa – Market size and forecast 2022-2027 Exhibit 83: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)Exhibit 84: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)Exhibit 85: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)Exhibit 86: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)9.8 US – Market size and forecast 2022-2027 Exhibit 87: Chart on US – Market size and forecast 2022-2027 ($ million)Exhibit 88: Data Table on US – Market size and forecast 2022-2027 ($ million)Exhibit 89: Chart on US – Year-over-year growth 2022-2027 (%)Exhibit 90: Data Table on US – Year-over-year growth 2022-2027 (%)9.9 China – Market size and forecast 2022-2027 Exhibit 91: Chart on China – Market size and forecast 2022-2027 ($ million)Exhibit 92: Data Table on China – Market size and forecast 2022-2027 ($ million)Exhibit 93: Chart on China – Year-over-year growth 2022-2027 (%)Exhibit 94: Data Table on China – Year-over-year growth 2022-2027 (%)9.10 Germany – Market size and forecast 2022-2027 Exhibit 95: Chart on Germany – Market size and forecast 2022-2027 ($ million)Exhibit 96: Data Table on Germany – Market size and forecast 2022-2027 ($ million)Exhibit 97: Chart on Germany – Year-over-year growth 2022-2027 (%)Exhibit 98: Data Table on Germany – Year-over-year growth 2022-2027 (%)9.11 Japan – Market size and forecast 2022-2027 Exhibit 99: Chart on Japan – Market size and forecast 2022-2027 ($ million)Exhibit 100: Data Table on Japan – Market size and forecast 2022-2027 ($ million)Exhibit 101: Chart on Japan – Year-over-year growth 2022-2027 (%)Exhibit 102: Data Table on Japan – Year-over-year growth 2022-2027 (%)9.12 UK – Market size and forecast 2022-2027 Exhibit 103: Chart on UK – Market size and forecast 2022-2027 ($ million)Exhibit 104: Data Table on UK – Market size and forecast 2022-2027 ($ million)Exhibit 105: Chart on UK – Year-over-year growth 2022-2027 (%)Exhibit 106: Data Table on UK – Year-over-year growth 2022-2027 (%)9.13 Market opportunity by geography Exhibit 107: Market opportunity by geography ($ million)Exhibit 108: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers10.2 Market challenges10.3 Impact of drivers and challenges Exhibit 109: Impact of drivers and challenges in 2022 and 202710.4 Market trends

11 Vendor Landscape

11.1 Overview11.2 Vendor landscapeExhibit 110: Overview on Criticality of inputs and Factors of differentiation11.3 Landscape disruptionExhibit 111: Overview on factors of disruption11.4 Industry risksExhibit 112: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors coveredExhibit 113: Vendors covered12.2 Market positioning of vendors Exhibit 114: Matrix on vendor position and classification12.3 Accenture PlcExhibit 115: Accenture Plc – OverviewExhibit 116: Accenture Plc – Business segmentsExhibit 117: Accenture Plc – Key offeringsExhibit 118: Accenture Plc – Segment focus12.4 ApparelMagicExhibit 119: ApparelMagic – OverviewExhibit 120: ApparelMagic – Product / ServiceExhibit 121: ApparelMagic – Key offerings12.5 Aras Corp.Exhibit 122: Aras Corp. – OverviewExhibit 123: Aras Corp. – Product / ServiceExhibit 124: Aras Corp. – Key newsExhibit 125: Aras Corp. – Key offerings12.6 Autodesk Inc.Exhibit 126: Autodesk Inc. – OverviewExhibit 127: Autodesk Inc. – Product / ServiceExhibit 128: Autodesk Inc. – Key offerings12.7 Dassault Systemes SEExhibit 129: Dassault Systemes SE – OverviewExhibit 130: Dassault Systemes SE – Product / ServiceExhibit 131: Dassault Systemes SE – Key newsExhibit 132: Dassault Systemes SE – Key offerings12.8 Edaforce Inc.Exhibit 133: Edaforce Inc. – OverviewExhibit 134: Edaforce Inc. – Product / ServiceExhibit 135: Edaforce Inc. – Key offerings12.9 Essig PLMExhibit 136: Essig PLM – OverviewExhibit 137: Essig PLM – Product / ServiceExhibit 138: Essig PLM – Key offerings12.10 IFS World Operations AB Exhibit 139: IFS World Operations AB – OverviewExhibit 140: IFS World Operations AB – Product / ServiceExhibit 141: IFS World Operations AB – Key offerings12.11 Koch Industries Inc.Exhibit 142: Koch Industries Inc. – OverviewExhibit 143: Koch Industries Inc. – Product / ServiceExhibit 144: Koch Industries Inc. – Key newsExhibit 145: Koch Industries Inc. – Key offerings12.12 Oracle Corp.Exhibit 146: Oracle Corp. – OverviewExhibit 147: Oracle Corp. – Business segmentsExhibit 148: Oracle Corp. – Key newsExhibit 149: Oracle Corp. – Key offeringsExhibit 150: Oracle Corp. – Segment focus12.13 PROLIM Global Corp.Exhibit 151: PROLIM Global Corp. – OverviewExhibit 152: PROLIM Global Corp. – Product / ServiceExhibit 153: PROLIM Global Corp. – Key offerings12.14 Propel Software Solutions Inc. Exhibit 154: Propel Software Solutions Inc. – OverviewExhibit 155: Propel Software Solutions Inc. – Product / ServiceExhibit 156: Propel Software Solutions Inc. – Key offerings12.15 PTC Inc.Exhibit 157: PTC Inc. – OverviewExhibit 158: PTC Inc. – Business segmentsExhibit 159: PTC Inc. – Key offeringsExhibit 160: PTC Inc. – Segment focus12.16 SAP SEExhibit 161: SAP SE – OverviewExhibit 162: SAP SE – Business segmentsExhibit 163: SAP SE – Key newsExhibit 164: SAP SE – Key offeringsExhibit 165: SAP SE – Segment focus12.17 Siemens AGExhibit 166: Siemens AG – OverviewExhibit 167: Siemens AG – Business segmentsExhibit 168: Siemens AG – Key newsExhibit 169: Siemens AG – Key offeringsExhibit 170: Siemens AG – Segment focus

13 Appendix

13.1 Scope of the report13.2 Inclusions and exclusions checklist Exhibit 171: Inclusions checklist13.3 Currency conversion rates for US$ Exhibit 172: Currency conversion rates for US$13.4 Research methodologyExhibit 173: Research methodologyExhibit 174: Validation techniques employed for market sizingExhibit 175: Information sources13.5 List of abbreviations Exhibit 176: List of abbreviations

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