The North America Product Lifecycle Management Market would witness market growth of 6.2% CAGR during the forecast period (2021-2027).
The process of managing a product’s entire lifecycle from the beginning including designing and manufacturing to the service, sales, and ultimately retirement, is known as product lifecycle management (PLM). PLM software enables companies to develop the innovative products and launch them in the market. In addition, this software simplifies the tracking task and helps in the easy sharing of data alongside the product value chain, from first design via manufacturing, supply chain management & operations, and asset management.
Product lifecycle management helps the companies to have systematic management of data during the complete lifecycle of the product in real-time. Generally, this data is related to production and product design, performance management, product development & delivery process, and other stages of the product lifecycle. The product lifecycle procedures are developing constantly in alignment with the changes in numerous variables like price, time, functions, and performance. Keeping these changing variables constant, any product innovation process should be flexible and adaptive to fulfil the emerging market needs, which has gained more importance.
The high adoption rate of the latest and advanced solutions in the developed nations like the US and Canada is creating lucrative opportunities for the growth of the regional PLM market. Moreover, the presence of numerous key market players in this region is also supporting the regional market growth. In addition, there are several IT standards supporting PLM in the US, which are motivating more small and medium enterprises to adopt PLM solutions for better operations.
The Canadian government has taken numerous initiatives like numerous trade agreements with other nations, decreasing the taxes for new investments, various skill training programs, and investments in the latest technologies. All these initiatives have supported the manufacturing industry of the nation to register substantial growth in Canada, which ultimately fuels the growth of the regional PLM market.
The US market dominated the North America Product Lifecycle Management On-Premise Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $2,675.4 million by 2027. The Canada market is experiencing a CAGR of 5.9% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 4.9% during (2021 - 2027).
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. Based on Deployment Type, the market is segmented into Cloud and On-Premise. 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. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Product Lifecycle Management Market is Estimated to Reach USD 41.9 Billion by 2027 at a CAGR of 6.8%
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.
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
By End User
- Automotive & Transportation
- IT & Telecom
- Aerospace & Defense
- Retail
- Healthcare
- Semiconductor & Electronics
- Industrial Equipment & Heavy Machinery
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- SAP SE
- Oracle Corporation
- Siemens AG
- Dassault Systemes SE
- IBM Corporation
- Hewlett Packard Enterprise Company
- Accenture PLC
- Autodesk, Inc.
- Tata Consultancy Services Ltd.
- Infor, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Product Lifecycle Management Market, by Software Type
1.4.2 North America Product Lifecycle Management Market, by Deployment Type
1.4.3 North America Product Lifecycle Management Market, by End User
1.4.4 North America Product Lifecycle Management Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 COVID-19 Impact
2.1.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2017, Sep – 2021, Jun) Leading Players
Chapter 4. North America Product Lifecycle Management Market by Deployment Type
4.1 North America Product Lifecycle Management Cloud Market by Country
4.2 North America Product Lifecycle Management On-Premise Market by Country
Chapter 5. North America Product Lifecycle Management Market by End User
5.1 North America Automotive & Transportation Product Lifecycle Management Market by Country
5.2 North America IT & Telecom Product Lifecycle Management Market by Country
5.3 North America Aerospace & Defense Product Lifecycle Management Market by Country
5.4 North America Retail Product Lifecycle Management Market by Country
5.5 North America Healthcare Product Lifecycle Management Market by Country
5.6 North America Semiconductor & Electronics Product Lifecycle Management Market by Country
5.7 North America Industrial Equipment & Heavy Machinery Product Lifecycle Management Market by Country
5.8 North America Other End User Product Lifecycle Management Market by Country
Chapter 6. North America Product Lifecycle Management Market by Software Type
6.1 North America Design & Engineering Management Product Lifecycle Management Market by Country
6.2 North America Manufacturing Operations Management Product Lifecycle Management Market by Country
6.3 North America Portfolio Management Product Lifecycle Management Market by Country
6.4 North America Simulation, Testing, & Change Management Product Lifecycle Management Market by Country
6.5 North America Quality & Compliance Management Product Lifecycle Management Market by Country
6.6 North America Others Product Lifecycle Management Market by Country
Chapter 7. North America Product Lifecycle Management Market by Country
7.1 US Product Lifecycle Management Market
7.1.1 US Product Lifecycle Management Market by Deployment Type
7.1.2 US Product Lifecycle Management Market by End User
7.1.3 US Product Lifecycle Management Market by Software Type
7.2 Canada Product Lifecycle Management Market
7.2.1 Canada Product Lifecycle Management Market by Deployment Type
7.2.2 Canada Product Lifecycle Management Market by End User
7.2.3 Canada Product Lifecycle Management Market by Software Type
7.3 Mexico Product Lifecycle Management Market
7.3.1 Mexico Product Lifecycle Management Market by Deployment Type
7.3.2 Mexico Product Lifecycle Management Market by End User
7.3.3 Mexico Product Lifecycle Management Market by Software Type
7.4 Rest of North America Product Lifecycle Management Market
7.4.1 Rest of North America Product Lifecycle Management Market by Deployment Type
7.4.2 Rest of North America Product Lifecycle Management Market by End User
7.4.3 Rest of North America Product Lifecycle Management Market by Software Type
Chapter 8. Company Profiles
8.1 SAP SE
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.1 Recent strategies and developments:
8.1.1.1 Partnerships, Collaborations, and Agreements:
8.1.2 SWOT Analysis
8.2 Oracle Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 SWOT Analysis
8.3 Siemens AG
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Geographical Expansions:
8.3.6 SWOT Analysis
8.4 Dassault Systemes SE (Biovia Corporation)
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.6 SWOT Analysis
8.5 IBM Corporation
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Regional & Segmental Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Acquisitions and Mergers:
8.5.6 SWOT Analysis
8.6 Hewlett Packard Enterprise Company
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 SWOT Analysis
8.7 Accenture PLC
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 Recent strategies and developments:
8.7.5.1 Acquisition and Mergers:
8.7.6 SWOT Analysis
8.8 Autodesk, Inc.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Regional Analysis
8.8.4 Research & Development Expenses
8.8.5 Recent strategies and developments:
8.8.5.1 Acquisition and Mergers:
8.8.6 SWOT Analysis
8.9 Tata Consultancy Services Ltd.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 SWOT Analysis
8.10. Infor, Inc. (Koch Industries)
8.10.1 Company Overview
8.10.2 Recent strategies and developments:
8.10.2.1 Partnerships, Collaborations, and Agreements:
8.10.2.2 Product launches and Product Expansions:
TABLE 1 North America Product Lifecycle Management Market, 2017 - 2020, USD Million
TABLE 2 North America Product Lifecycle Management Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Product Lifecycle Management Market
TABLE 4 Product Launches And Product Expansions– Product Lifecycle Management Market
TABLE 5 Acquisition and Mergers– Product Lifecycle Management Market
TABLE 6 Geographical Expansions– Product Lifecycle Management Market
TABLE 7 North America Product Lifecycle Management Market by Deployment Type, 2017 - 2020, USD Million
TABLE 8 North America Product Lifecycle Management Market by Deployment Type, 2021 - 2027, USD Million
TABLE 9 North America Product Lifecycle Management Cloud Market by Country, 2017 - 2020, USD Million
TABLE 10 North America Product Lifecycle Management Cloud Market by Country, 2021 - 2027, USD Million
TABLE 11 North America Product Lifecycle Management On-Premise Market by Country, 2017 - 2020, USD Million
TABLE 12 North America Product Lifecycle Management On-Premise Market by Country, 2021 - 2027, USD Million
TABLE 13 North America Product Lifecycle Management Market by End User, 2017 - 2020, USD Million
TABLE 14 North America Product Lifecycle Management Market by End User, 2021 - 2027, USD Million
TABLE 15 North America Automotive & Transportation Product Lifecycle Management Market by Country, 2017 - 2020, USD Million
TABLE 16 North America Automotive & Transportation Product Lifecycle Management Market by Country, 2021 - 2027, USD Million
TABLE 17 North America IT & Telecom Product Lifecycle Management Market by Country, 2017 - 2020, USD Million
TABLE 18 North America IT & Telecom Product Lifecycle Management Market by Country, 2021 - 2027, USD Million
TABLE 19 North America Aerospace & Defense Product Lifecycle Management Market by Country, 2017 - 2020, USD Million
TABLE 20 North America Aerospace & Defense Product Lifecycle Management Market by Country, 2021 - 2027, USD Million
TABLE 21 North America Retail Product Lifecycle Management Market by Country, 2017 - 2020, USD Million
TABLE 22 North America Retail Product Lifecycle Management Market by Country, 2021 - 2027, USD Million
TABLE 23 North America Healthcare Product Lifecycle Management Market by Country, 2017 - 2020, USD Million
TABLE 24 North America Healthcare Product Lifecycle Management Market by Country, 2021 - 2027, USD Million
TABLE 25 North America Semiconductor & Electronics Product Lifecycle Management Market by Country, 2017 - 2020, USD Million
TABLE 26 North America Semiconductor & Electronics Product Lifecycle Management Market by Country, 2021 - 2027, USD Million
TABLE 27 North America Industrial Equipment & Heavy Machinery Product Lifecycle Management Market by Country, 2017 - 2020, USD Million
TABLE 28 North America Industrial Equipment & Heavy Machinery Product Lifecycle Management Market by Country, 2021 - 2027, USD Million
TABLE 29 North America Other End User Product Lifecycle Management Market by Country, 2017 - 2020, USD Million
TABLE 30 North America Other End User Product Lifecycle Management Market by Country, 2021 - 2027, USD Million
TABLE 31 North America Product Lifecycle Management Market by Software Type, 2017 - 2020, USD Million
TABLE 32 North America Product Lifecycle Management Market by Software Type, 2021 - 2027, USD Million
TABLE 33 North America Design & Engineering Management Product Lifecycle Management Market by Country, 2017 - 2020, USD Million
TABLE 34 North America Design & Engineering Management Product Lifecycle Management Market by Country, 2021 - 2027, USD Million
TABLE 35 North America Manufacturing Operations Management Product Lifecycle Management Market by Country, 2017 - 2020, USD Million
TABLE 36 North America Manufacturing Operations Management Product Lifecycle Management Market by Country, 2021 - 2027, USD Million
TABLE 37 North America Portfolio Management Product Lifecycle Management Market by Country, 2017 - 2020, USD Million
TABLE 38 North America Portfolio Management Product Lifecycle Management Market by Country, 2021 - 2027, USD Million
TABLE 39 North America Simulation, Testing, & Change Management Product Lifecycle Management Market by Country, 2017 - 2020, USD Million
TABLE 40 North America Simulation, Testing, & Change Management Product Lifecycle Management Market by Country, 2021 - 2027, USD Million
TABLE 41 North America Quality & Compliance Management Product Lifecycle Management Market by Country, 2017 - 2020, USD Million
TABLE 42 North America Quality & Compliance Management Product Lifecycle Management Market by Country, 2021 - 2027, USD Million
TABLE 43 North America Others Product Lifecycle Management Market by Country, 2017 - 2020, USD Million
TABLE 44 North America Others Product Lifecycle Management Market by Country, 2021 - 2027, USD Million
TABLE 45 North America Product Lifecycle Management Market by Country, 2017 - 2020, USD Million
TABLE 46 North America Product Lifecycle Management Market by Country, 2021 - 2027, USD Million
TABLE 47 US Product Lifecycle Management Market, 2017 - 2020, USD Million
TABLE 48 US Product Lifecycle Management Market, 2021 - 2027, USD Million
TABLE 49 US Product Lifecycle Management Market by Deployment Type, 2017 - 2020, USD Million
TABLE 50 US Product Lifecycle Management Market by Deployment Type, 2021 - 2027, USD Million
TABLE 51 US Product Lifecycle Management Market by End User, 2017 - 2020, USD Million
TABLE 52 US Product Lifecycle Management Market by End User, 2021 - 2027, USD Million
TABLE 53 US Product Lifecycle Management Market by Software Type, 2017 - 2020, USD Million
TABLE 54 US Product Lifecycle Management Market by Software Type, 2021 - 2027, USD Million
TABLE 55 Canada Product Lifecycle Management Market, 2017 - 2020, USD Million
TABLE 56 Canada Product Lifecycle Management Market, 2021 - 2027, USD Million
TABLE 57 Canada Product Lifecycle Management Market by Deployment Type, 2017 - 2020, USD Million
TABLE 58 Canada Product Lifecycle Management Market by Deployment Type, 2021 - 2027, USD Million
TABLE 59 Canada Product Lifecycle Management Market by End User, 2017 - 2020, USD Million
TABLE 60 Canada Product Lifecycle Management Market by End User, 2021 - 2027, USD Million
TABLE 61 Canada Product Lifecycle Management Market by Software Type, 2017 - 2020, USD Million
TABLE 62 Canada Product Lifecycle Management Market by Software Type, 2021 - 2027, USD Million
TABLE 63 Mexico Product Lifecycle Management Market, 2017 - 2020, USD Million
TABLE 64 Mexico Product Lifecycle Management Market, 2021 - 2027, USD Million
TABLE 65 Mexico Product Lifecycle Management Market by Deployment Type, 2017 - 2020, USD Million
TABLE 66 Mexico Product Lifecycle Management Market by Deployment Type, 2021 - 2027, USD Million
TABLE 67 Mexico Product Lifecycle Management Market by End User, 2017 - 2020, USD Million
TABLE 68 Mexico Product Lifecycle Management Market by End User, 2021 - 2027, USD Million
TABLE 69 Mexico Product Lifecycle Management Market by Software Type, 2017 - 2020, USD Million
TABLE 70 Mexico Product Lifecycle Management Market by Software Type, 2021 - 2027, USD Million
TABLE 71 Rest of North America Product Lifecycle Management Market, 2017 - 2020, USD Million
TABLE 72 Rest of North America Product Lifecycle Management Market, 2021 - 2027, USD Million
TABLE 73 Rest of North America Product Lifecycle Management Market by Deployment Type, 2017 - 2020, USD Million
TABLE 74 Rest of North America Product Lifecycle Management Market by Deployment Type, 2021 - 2027, USD Million
TABLE 75 Rest of North America Product Lifecycle Management Market by End User, 2017 - 2020, USD Million
TABLE 76 Rest of North America Product Lifecycle Management Market by End User, 2021 - 2027, USD Million
TABLE 77 Rest of North America Product Lifecycle Management Market by Software Type, 2017 - 2020, USD Million
TABLE 78 Rest of North America Product Lifecycle Management Market by Software Type, 2021 - 2027, USD Million
TABLE 79 Key Information – SAP SE
TABLE 80 Key Information – Oracle Corporation
TABLE 81 Key Information – Siemens AG
TABLE 82 Key Information – Dassault Systemes SE
TABLE 83 Key information – IBM Corporation
TABLE 84 key information – Hewlett Packard Enterprise Company
TABLE 85 Key information – Accenture PLC
TABLE 86 Key Information – Autodesk, Inc.
TABLE 87 Key Information – Tata Consultancy Services Ltd.
TABLE 88 Key Information – Infor, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2017, sep – 2021, Jun) Leading Players
FIG 5 SWOT Analysis: SAP SE
FIG 6 SWOT analysis: Oracle Corporation
FIG 7 Recent strategies and developments: Siemens AG
FIG 8 Swot analysis: Siemens AG
FIG 9 SWOT Analysis: Dassault Systemes SE
FIG 10 Swot analysis: IBM Corporation
FIG 11 SWOT analysis: Hewlett-Packard enterprise Company
FIG 12 Swot analysis: Accenture plc
FIG 13 SWOT Analysis: Autodesk, Inc.
FIG 14 SWOT Analysis: Tata Consultancy Services Ltd.
FIG 15 Recent strategies and developments: Infor, Inc.