Cloud-Based PLM Market Report: Trends, Forecast and Competitive Analysis to 2030

Cloud-Based PLM Trends and Forecast

The future of the global cloud-based PLM market looks promising with opportunities in the aerospace & defense, healthcare & life science, retail & consumer good, energy & utility, industrial machinery & heavy equipment, telecommunication & IT, automotive & transportation, and semiconductor & electronic sectors. The global cloud-based PLM market is expected to reach an estimated $78.0 billion by 2030 with a CAGR of 12.3% from 2024 to 2030. The major drivers for this market are growth of cloud adoption, growing demand for integrated PLM solutions, and rising emphasis on setting up smart manufacturing facilities and products.

A more than 150-page report is developed to help in your business decisions.

Cloud-Based PLM by Segment

The study includes a forecast for the global cloud-based PLM by component, technology, application, end use industry, and region.

Cloud-Based PLM Market by Component [Shipment Analysis by Value from 2018 to 2030]:

• Software
• Service

Cloud-Based PLM Market by Technology [Shipment Analysis by Value from 2018 to 2030]:

• Radio-Frequency Identification
• Near Field Communication
• Others

Cloud-Based PLM Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Portfolio Management
• Product Data Management
• Collaborative Design and Engineering
• Customer Management
• Compliance Management
• Others

Cloud-Based PLM Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Aerospace & Defense
• Healthcare & Life Sciences
• Retail & Consumer Goods
• Energy & Utilities
• Industrial Machinery & Heavy Equipment
• Telecommunication & IT
• Automotive & Transportation
• Semiconductor & Electronics
• Others

Cloud-Based PLM Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Cloud-Based PLM Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies cloud-based PLM companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the cloud-based PLM companies profiled in this report include-

• Dassault Systems
• Siemens
• PTC
• Oracle
• SAP
• Autodesk
• Arena Solutions
• Aras
• Accenture PLC

Cloud-Based PLM Market Insights

Lucintel forecasts that customer management is expected to witness highest growth over the forecast period due to its significant requirement among various industries to focus on customer satisfaction.

APAC is expected to witness highest growth over the forecast period due to rising demand for internet of things and linked device technologies among smes and increasing preference for cloud-based business applications among enterprises of the region.

Features of the Global Cloud-Based PLM Market

Market Size Estimates: Cloud-based PLM market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Cloud-based PLM market by various segments, such as by component, technology, application, end use industry and region in terms of($B).

Regional Analysis: Cloud-based PLM market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different components, technologies, applications, end use industries, and region.s for the cloud-based PLM market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the cloud-based PLM market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1. What is the cloud-based PLM market size?

Answer: The global cloud-based PLM market is expected to reach an estimated $78.0 billion by 2030.

Q.2. What is the growth forecast for cloud-based PLM market?

Answer: The global cloud-based PLM market is expected to grow with a CAGR of 12.3% from 2024 to 2030.

Q.3. What are the major drivers influencing the growth of the cloud-based PLM market?

Answer: The major drivers for this market are growth of cloud adoption, growing demand for integrated PLM solutions, and rising emphasis on setting up smart manufacturing facilities and products.

Q.4. What are the major segments for cloud-based PLM market?

Answer: The future of the cloud-based PLM market looks promising with opportunities in the aerospace & defense, healthcare & life science, retail & consumer good, energy & utility, industrial machinery & heavy equipment, telecommunication & IT, automotive & transportation, and semiconductor & electronic sectors.

Q.5. Who are the key cloud-based PLM market companies?

Answer: Some of the key cloud-based PLM companies are as follows:

• Dassault Systems
• Siemens
• PTC
• Oracle
• SAP
• Autodesk
• Arena Solutions
• Aras
• Accenture PLC

Q.6. Which cloud-based PLM market segment will be the largest in future?

Answer: Lucintel forecasts that customer management is expected to witness highest growth over the forecast period due to its significant requirement among various industries to focus on customer satisfaction.

Q.7. In cloud-based PLM market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to rising demand for internet of things and linked device technologies among smes and increasing preference for cloud-based business applications among enterprises of the region.

Q.8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the cloud-based PLM market by component (software and service), technology (radio-frequency identification, near field communication, and others), application (portfolio management, product data management, collaborative design and engineering, customer management, compliance management, and others), end use industry (aerospace & defense, healthcare & life sciences, retail & consumer goods, energy & utilities, industrial machinery & heavy equipment, telecommunication & IT, automotive & transportation, semiconductor & electronics, and others), and region. (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?