Global Mainstream Product Lifecycle Management (PLM) Market 2017-2021

Overview of the mainstream product lifecycle management (PLM) market

Extensive research carried out by the analysts at Technavio has shown that the global mainstream PLM market will witness impressive growth and will post a staggering CAGR of close to 10% during the forecast period. The increasing need for safety features in automobiles is one of the primary factors driving this market’s growth. The cPDM market in the automotive industry is driven by the increasing need for passenger safety. The increasing number of fatalities from road accidents has forced the governments of many countries to adopt better safety features in vehicles, for example, mandatory crash tests for all vehicles was started in India in 2014. The increasing need for safety features has driven the growth of collaborative product definition management in the automotive industry as cPDM is extensively used for carrying out R&D activities related to crash tests and other safety feature measurements. This, in turn, is anticipated to bolster the growth of the PLM market over the coming years.

The augmented demand for cloud-based MCAD software is one of the latest mainstream PLM market trends gaining a significant traction. MCAD software solutions offer several advantages such as vast space for data storage, ease of access, flexibility, and security. Also, most SMEs prefer cloud-based MCAD software due to its cost-effective nature. Moreover, the end users are not required to pay the license cost as the software can be accessed through the cloud. Additionally, by hosting MCAD software on the cloud, the end-users can significantly reduce their operating costs and improve the efficiency of the product development cycle.

Competitive landscape and key vendors

The global mainstream PLM market is highly competitive owing to the presence of several well-established vendors and new vendors trying to establish their presence in the market. The intense competition and declining profit margins are significant risks factors that vendors face. The changing technological environment is a major challenge for the global vendors.  

Some of the key vendors in this market are -

• Dassault Systèmes
• PTC
• Siemens PLM Software

Other prominent vendors in the market include 3D Systems, Altair Engineering, Autodesk, Cadonix, FreeCAD, IronCAD, Kubotek, and Nemetschek.

Product segmentation and analysis of the mainstream PLM market

• cPDM
• MCAD
• S&A
• DM

During 2016, the cPDM segment led the global mainstream PLM market and will continue to dominate the market over the next four years. The major vendors in the cPDM service industry like Hewlett-Packard Enterprise, TCS, IBM, Accenture, and Capgemini, played a major role in solving the problems associated with the implementation of the mainstream PLM software. These vendors have gradually shifted from offering conventional services, such as the installation of software, to be an integral part of the customer organization through real-time monitoring during the product development phases. Such changes in vendor offerings will boost this segment’s growth until the end of 2021. This, in turn, will have a positive impact on the mainstream PLM market share.

Geographical segmentation and analysis of the mainstream PLM market 

• Americas
• APAC
• EMEA

The EMEA region accounted for the largest share in the mainstream PLM market and will continue to lead the market in the coming years. The demand for MCAD software is high in the industrial machinery and automotive industries in countries such as Germany, France, Italy, and the UK. Moreover, the presence of the automotive, chemical, and textile industries in Africa is anticipated to contribute to the mainstream PLM market growth during the forecast period.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global mainstream PLM market?
• What are the key market trends impacting the growth of the global mainstream PLM market?
• What are the challenges to market growth?
• Who are the key vendors in the global mainstream PLM market?
• What are the market opportunities and threats faced by the vendors in the global mainstream PLM market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• The key outcomes of the five forces analysis of the global mainstream PLM market?

Technavio also offers customization on reports based on specific client requirement.

Related reports:

• Global PLM Market in Consumer Goods Industry 2016-2020
• Global PLM in the Automotive Sector 2016-2020
• Global PLM Market in the Aerospace and Defense Sector 2016-2020
• Global PLM Market in the Electrical and Electronics Industry 2016-2020