NEW YORK, Nov. 22, 2021 /PRNewswire/ -- The product life cycle management market size is expected to increase by USD 28.00 billion between 2020 and 2025, registering a CAGR of 8.41%, according to the latest research report from Technavio.
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The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for software solutions for change management and cost management.
The product life cycle management market analysis includes Deployment segment and Geography Landscape. This study identifies the increasing demand for compliance management as one of the key trends which will positively impact the market growth during the next few years.
This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
Product Life Cycle Management Market- Geographical Landscape:
North America will register the highest growth rate of 34% among the other regions. Therefore, the product life cycle management market in North America is expected to garner significant business opportunities for the vendors during the forecast period. The increasing demand for compliance management will facilitate the product life cycle management market growth in North America over the forecast period. US and Canada are the key markets for product life cycle management in North America.
The product life cycle management market covers the following areas:
North America, Europe, APAC, MEA, and South America
Performing market contribution
North America at 34%
Key consumer countries
US, UK, China, Russian Federation, and Canada
Leading companies, competitive strategies, consumer engagement scope
Accenture Plc, ANSYS Inc., Atos SE, Autodesk Inc., Dassault Systemes SE, International Business Machines Corp., Oracle Corp., PTC Inc., SAP SE, and Siemens AG
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
North America - Market size and forecast 2020-2025
Europe - Market size and forecast 2020-2025
APAC - Market size and forecast 2020-2025
MEA - Market size and forecast 2020-2025
South America - Market size and forecast 2020-2025
Key leading countries
Market opportunity by geography
Market positioning of vendors
Dassault Systemes SE
International Business Machines Corp.
Scope of the report
Currency conversion rates for US$
List of abbreviations
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