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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- Market 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 Products
- For 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.
What are the key data covered in this Cloud Product Lifecycle Management Market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the cloud product lifecycle management market between 2023 and 2027
- Precise estimation of the cloud product lifecycle management market size and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the cloud product lifecycle management market industry across North America, Europe, APAC, South America, and the Middle East and Africa
- A thorough analysis of the market's competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of cloud product lifecycle management market companies
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Cloud Product Lifecycle Management Market Scope |
|
Report Coverage |
Details |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.46% |
Market growth 2023-2027 |
USD 1,233.47 million |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
6.2 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 48% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
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 |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table Of Contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Business Segment
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 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 summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Product
- 6.1 Market segments
- Exhibit 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 Product
- Exhibit 33: Data Table on Comparison by Product
- 6.3 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 segments
- Exhibit 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 Segment
- Exhibit 51: Data Table on Comparison by Market Segmentation by Business Segment
- 7.3 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 comparison
- Exhibit 66: Data Table on Geographic comparison
- 9.3 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 drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 109: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 111: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 112: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 113: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 114: Matrix on vendor position and classification
- 12.3 Accenture Plc
- Exhibit 115: Accenture Plc - Overview
- Exhibit 116: Accenture Plc - Business segments
- Exhibit 117: Accenture Plc - Key offerings
- Exhibit 118: Accenture Plc - Segment focus
- 12.4 ApparelMagic
- Exhibit 119: ApparelMagic - Overview
- Exhibit 120: ApparelMagic - Product / Service
- Exhibit 121: ApparelMagic - Key offerings
- 12.5 Aras Corp.
- Exhibit 122: Aras Corp. - Overview
- Exhibit 123: Aras Corp. - Product / Service
- Exhibit 124: Aras Corp. - Key news
- Exhibit 125: Aras Corp. - Key offerings
- 12.6 Autodesk Inc.
- Exhibit 126: Autodesk Inc. - Overview
- Exhibit 127: Autodesk Inc. - Product / Service
- Exhibit 128: Autodesk Inc. - Key offerings
- 12.7 Dassault Systemes SE
- Exhibit 129: Dassault Systemes SE - Overview
- Exhibit 130: Dassault Systemes SE - Product / Service
- Exhibit 131: Dassault Systemes SE - Key news
- Exhibit 132: Dassault Systemes SE - Key offerings
- 12.8 Edaforce Inc.
- Exhibit 133: Edaforce Inc. - Overview
- Exhibit 134: Edaforce Inc. - Product / Service
- Exhibit 135: Edaforce Inc. - Key offerings
- 12.9 Essig PLM
- Exhibit 136: Essig PLM - Overview
- Exhibit 137: Essig PLM - Product / Service
- Exhibit 138: Essig PLM - Key offerings
- 12.10 IFS World Operations AB
- Exhibit 139: IFS World Operations AB - Overview
- Exhibit 140: IFS World Operations AB - Product / Service
- Exhibit 141: IFS World Operations AB - Key offerings
- 12.11 Koch Industries Inc.
- Exhibit 142: Koch Industries Inc. - Overview
- Exhibit 143: Koch Industries Inc. - Product / Service
- Exhibit 144: Koch Industries Inc. - Key news
- Exhibit 145: Koch Industries Inc. - Key offerings
- 12.12 Oracle Corp.
- Exhibit 146: Oracle Corp. - Overview
- Exhibit 147: Oracle Corp. - Business segments
- Exhibit 148: Oracle Corp. - Key news
- Exhibit 149: Oracle Corp. - Key offerings
- Exhibit 150: Oracle Corp. - Segment focus
- 12.13 PROLIM Global Corp.
- Exhibit 151: PROLIM Global Corp. - Overview
- Exhibit 152: PROLIM Global Corp. - Product / Service
- Exhibit 153: PROLIM Global Corp. - Key offerings
- 12.14 Propel Software Solutions Inc.
- Exhibit 154: Propel Software Solutions Inc. - Overview
- Exhibit 155: Propel Software Solutions Inc. - Product / Service
- Exhibit 156: Propel Software Solutions Inc. - Key offerings
- 12.15 PTC Inc.
- Exhibit 157: PTC Inc. - Overview
- Exhibit 158: PTC Inc. - Business segments
- Exhibit 159: PTC Inc. - Key offerings
- Exhibit 160: PTC Inc. - Segment focus
- 12.16 SAP SE
- Exhibit 161: SAP SE - Overview
- Exhibit 162: SAP SE - Business segments
- Exhibit 163: SAP SE - Key news
- Exhibit 164: SAP SE - Key offerings
- Exhibit 165: SAP SE - Segment focus
- 12.17 Siemens AG
- Exhibit 166: Siemens AG - Overview
- Exhibit 167: Siemens AG - Business segments
- Exhibit 168: Siemens AG - Key news
- Exhibit 169: Siemens AG - Key offerings
- Exhibit 170: Siemens AG - Segment focus
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 171: Inclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 172: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 173: Research methodology
- Exhibit 174: Validation techniques employed for market sizing
- Exhibit 175: Information sources
- 13.5 List of abbreviations
- Exhibit 176: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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