Cloud-Based PLM Market by Application (Portfolio Management, Product Data Management, Collaborative Design and Engineering, Customer Management, Compliance Management), Organization Size, Vertical, and Region - Global Forecast to 2021
[135 Pages Report] The Cloud Based PLM Market size is estimated to grow from USD 18.65 Billion in 2016 to USD 40.55 Billion by 2021, at an estimated Compound Annual Growth Rate (CAGR) of 16.80% from 2016-2021.
Managing re-engineering in real-time, integration into ERP system, customer management, vendor configuration, 3D printing, and Internet of Things (IoT) devices are some of the emerging aspects increasing the demand for cloud-based PLM solutions. The report aims at estimating the market size and future growth potential of the cloud-based PLM market across different segments, such as applications, organization size, industry verticals, and regions. The base year considered for the study is 2015 and the forecast period is from 2016 to 2021. PLM as a platform, Building Information Modeling (BIM) & product engineering, and cloud enabled PLM solutions are the upcoming trends in the Cloud Based PLM Market . These trends in the cloud-based PLM market would also help the enterprises focus on customer relationship and enhanced monitoring of PLM processes.
The research methodology used to estimate and forecast the cloud based Product Lifecycle Management (PLM) market begins with capturing data on key vendor revenues through secondary research, such as Cloud Computing Association (CCA), The Computer Science and Engineering Association (CSEA), Asia Cloud Computing Association (ACCA), Information System Security Association (ISSA), Information Systems Audit and Control Association (ISACA), and many more. The vendors offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure is employed to arrive at the overall market size of the global Cloud Based PLM Market from the revenue of the key players in the market. After arriving at the overall market size, the total market is split into several segments and sub-segments, which are then verified through primary research by conducting extensive interviews with key people, such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures are employed to complete the overall market engineering process and arrive at the exact statistics for all segments. The breakdown of profiles of primary is depicted in the below figure:
To know about the assumptions considered for the study, download the pdf brochure
The Cloud Based PLM Market ecosystem comprises application providers such as Dassault Systemes, Siemens AG, PTC Inc., Oracle Corporation, SAP SE, Autodesk, Inc., and others. Other stakeholders of the cloud-based PLM market include cloud vendors, software providers, IoT vendors, product manufacturers, system integrators/migration service providers, consultancy firms/advisory firms, training and education service providers, and retailers.
Target Audience
- Cloud vendors
- Application design and development service providers
- System integrators/migration service providers
- Consultancy firms/advisory firms
- Training and education service providers
- Data integration service providers
- Managed service providers
- Data quality service providers
The research study answers several questions for the stakeholders, primarily which market segments to focus in during the next two to five years for prioritizing the efforts and investments.
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The research report categorizes the Cloud Based PLM Market to forecast the revenues and analyze the trends in each of the following sub-markets:
By Application
- Portfolio Management
- Product Data Management
- Collaborative Design and Engineering
- Customer Management
- Compliance Management
- Others
By Organization Size
- Small and Medium Enterprise (SME)
- Large enterprise
By Vertical
- Aerospace and Defense
- Healthcare and Life Sciences
- Retail and Consumer goods
- Energy and Utilities
- Industrial Machinery and Heavy Equipment
- Telecommunication and IT
- Automotive and Transportation
- Semiconductor and Electronics
- Others
By Region
- North America
- Europe
- Middle East and Africa (MEA)
- Asia-Pacific (APAC)
- Latin America
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the companys specific needs. The following customization options are available for the report:
Product Analysis
- Product matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
- Further breakdown of the North American cloud-based PLM market
- Further breakdown of the European cloud-based PLM market
- Further breakdown of the APAC Cloud Based PLM Market
- Further breakdown of the MEA cloud-based PLM market
- Further breakdown of the Latin American cloud-based PLM market
Company Information
- Detailed analysis and profiling of additional market players
The Cloud Based PLM Market is expected to grow from USD 18.65 Billion in 2016 to USD 40.55 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 16.80% during the forecast period. Rising need for integrated PLM solution, effective management of supply chain, and increasing adoption of Internet of Things (IoT) are driving the cloud PLM market.
The customer management is expected to grow at the highest CAGR during the forecast period, followed by compliance management and collaborative design and engineering. As the enterprises are looking for ways to enhance their customer experience, and majorly focusing on customer retention, the demand for customer management application in the Market is increasing. Moreover, cloud-based PLM not only helps in retaining the customers but also delivers value by developing a healthy customer-provider relationship.
For Cloud Based PLM Market providers environmental compliance is a major concern. To address the issues, PLM providers are offering compliance management applications. The demand for compliance management is driven by regulations such as Restriction of Hazardous Substances (RoHS), Registration, Evaluation, Authorization and Restriction of Chemical substances (REACH), and Waste Electrical and Electronic Equipment Directive (WEEE).
North America is expected to have the largest market share in 2016, whereas Asia-Pacific (APAC) region is expected to grow at a highest CAGR from 2016 to 2021 in the Cloud Based PLM Market . The major growth factors that would drive the adoption of cloud PLM include the increasing need to focus on customer relationship management and rising cloud-based application.
Slower adoption rate of cloud based PLM solutions and lack of strong network of PLM providers are the major restraints in the market. The key vendors in the cloud based PLM market are Dassault Systemes (France), Siemens AG (Germany), PTC Inc. (U.S.), Oracle Corporation (U.S.), SAP SE (Germany), Autodesk, Inc. (U.S.), Arena Solutions, Inc. (U.S.), Aras (U.S.), Infor (U.S.) and Accenture PLC (U.S.). These players have adopted various strategies, such as new product developments, acquisitions, and partnerships, to serve the cloud-based PLM market.
Lack of strong network of PLM providers and slow adoption of Cloud Based PLM Market are some of the major restraints and challenges in the market. The need for agile & flexible solutions for collaboration between enterprises and supply chain is driving the adoption of cloud PLM application in the market.
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Table of Contents
1 Introduction (Page No. - 13)
1.1 Objectives of the Report
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered in the Report
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 16)
2.1 Introduction
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions and Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 Executive Summary (Page No. - 25)
4 Premium Insights (Page No. - 29)
4.1 Attractive Market Opportunities in the Cloud Based PLM Market
4.2 Market, By Application, 2016 vs 2021
4.3 Market: By Organization Size, 2016 vs 2021
4.4 Global Market: Industry Vertical vs Region, 2016
4.5 Lifecycle Analysis, By Region
5 Market Overview (Page No. - 32)
5.1 Introduction
5.2 Evolution
5.3 Market Segmentation
5.3.1 By Application
5.3.2 By Organization Size
5.3.3 By Industry Vertical
5.3.4 By Region
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Increasing Cloud Adoption Boosting the Demand for PLM
5.4.1.2 Rising Need for Integrated PLM Solutions
5.4.1.3 Manufacturing Industry Boosting Cloud Based PLM
5.4.1.4 Increasing Adoption of IoT
5.4.2 Restraints
5.4.2.1 Lack of A Strong Network of PLM Providers
5.4.2.2 Slower Adoption of Cloud Based PLM Solutions
5.4.3 Opportunities
5.4.3.1 PLM-As-A-Platform
5.4.4 Challenges
5.4.4.1 Software Market Increasing the Complexities of PLM Solutions
5.4.4.2 Lack of Security
6 Industry Trends (Page No. - 40)
6.1 Introduction
6.2 Value Chain Analysis
6.3 Demand Analysis
6.4 Functions of PLM
6.4.1 Portfolio
6.4.2 Project
6.4.3 Process
6.4.4 Product
6.4.5 Design
6.4.6 Validation
6.5 Strategic Benchmarking
7 Cloud Based PLM Market Analysis, By Application (Page No. - 44)
7.1 Introduction
7.2 Portfolio Management
7.3 Product Data Management
7.4 Collaborative Design and Engineering
7.5 Customer Management
7.6 Compliance Management
7.7 Others
8 Market, By Organization Size (Page No. - 54)
8.1 Introduction
8.2 Small and Medium Enterprises
8.3 Large Enterprises
9 Cloud Based PLM Market Analysis, By Industry Vertical (Page No. - 58)
9.1 Introduction
9.2 Aerospace and Defense
9.3 Healthcare and Life Sciences
9.4 Retail and Consumer Goods
9.5 Energy and Utilities
9.6 Industrial Machinery and Heavy Equipment
9.7 Telecommunications and IT
9.8 Automotive and Transportation
9.9 Semiconductor and Electronics
9.10 Others
10 Geographic Analysis (Page No. - 72)
10.1 Introduction
10.2 North America
10.2.1 United States
10.3 Europe
10.3.1 United Kingdom
10.4 Asia-Pacific
10.5 Middle East and Africa
10.6 Latin America
11 Competitive Landscape (Page No. - 90)
11.1 Overview
11.2 Competitive Situations and Trends
11.2.1 New Product Launches
11.2.2 Partnerships
11.2.3 Acquisitions
12 Company Profiles (Page No. - 96)
12.1 Introduction
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Ratio Analysis, MnM View)*
12.2 Dassault Systθmes
12.3 Siemens AG
12.4 PTC, Inc.
12.5 Oracle Corporation
12.6 SAP SE
12.7 Autodesk, Inc.
12.8 Accenture PLC
12.9 Arena Solutions, Inc.
12.10 Aras
12.11 Infor, Inc.
*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
12.12 Key Innovator
12.12.1 Razorleaf Corp.
13 Appendix (Page No. - 126)
13.1 Industry Excerpts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets Subscription Portal
13.4 Introducing RT: Real Time Market Intelligence
13.5 Available Customizations
13.6 Related Reports
List of Tables (64 Tables)
Table 1 Cloud Based PLM Market Size, 20142021 (USD Billion)
Table 2 Market Size, By Application, 20142021 (USD Million)
Table 3 Portfolio Management: Market Size, By Region, 20142021 (USD Million)
Table 4 Portfolio Management: Market Size, By Industry Vertical, 20142021 (USD Million)
Table 5 Product Data Management: Market Size, By Region, 20142021 (USD Million)
Table 6 Product Data Management: Market Size, By Industry Vertical, 20142021 (USD Million)
Table 7 Collaborative Design and Engineering: Market Size, By Region, 20142021 (USD Million)
Table 8 Collaborative Design and Engineering: Market Size, By Industry Vertical, 20142021 (USD Million)
Table 9 Customer Management: Cloud Based PLM Market Size, By Region, 20142021 (USD Million)
Table 10 Customer Management: Market Size, By Industry Vertical, 20142021 (USD Million)
Table 11 Compliance Management: Market Size, By Region, 20142021 (USD Million)
Table 12 Compliance Management: Market Size, By Industry Vertical, 20142021 (USD Million)
Table 13 Others: Market Size, By Region, 20142021 (USD Million)
Table 14 Others: Market Size, By Industry Vertical, 20142021 (USD Million)
Table 15 Market Size, By Organization Size, 20142021 (USD Million)
Table 16 Small and Medium Enterprises: Market Size, By Region, 20142021 (USD Million)
Table 17 Large Enterprises: Market Size, By Region, 20142021 (USD Million)
Table 18 Market Size, By Industry Vertical, 20142021 (USD Million)
Table 19 Aerospace and Defense: Market Size, By Region, 20142021 (USD Million)
Table 20 Aerospace and Defense: Market Size, By Application, 20142021 (USD Million)
Table 21 Healthcare and Life Sciences: Market Size, By Region, 20142021 (USD Million)
Table 22 Healthcare and Life Sciences: Market Size, By Application, 20142021 (USD Million)
Table 23 Retail and Consumer Goods: Market Size, By Region, 20142021 (USD Million)
Table 24 Retail and Consumer Goods: Market Size, By Application, 20142021 (USD Million)
Table 25 Energy and Utilities: Cloud Based PLM Market Size, By Region, 20142021 (USD Million)
Table 26 Energy and Utilities: Market Size, By Application, 20142021 (USD Million)
Table 27 Industrial Machinery and Heavy Equipment: Market Size, By Region, 20142021 (USD Million)
Table 28 Industrial Machinery and Heavy Equipment: Market Size, By Application, 20142021 (USD Million)
Table 29 Telecommunication and IT: Market Size, By Region, 20142021 (USD Million)
Table 30 Telecommunication and IT: Market Size, By Application, 20142021 (USD Million)
Table 31 Automotive and Transportation: Market Size, By Region, 20142021 (USD Million)
Table 32 Automotive and Transportation: Cloud Based PLM Market Size, By Application, 20142021 (USD Million)
Table 33 Semiconductor and Electronics: Market Size, By Region, 20142021 (USD Million)
Table 34 Semiconductor and Electronics: Market Size, By Application, 20142021 (USD Million)
Table 35 Others: Market Size, By Region, 20142021 (USD Million)
Table 36 Others: Market Size, By Application, 20142021 (USD Million)
Table 37 Market Size, By Region, 20142021 (USD Million)
Table 38 North America: Market Size, By Country, 20142021 (USD Million)
Table 39 North America: Cloud Based PLM Market Size, By Application, 20142021 (USD Million)
Table 40 North America: Market Size, By Organization Size, 20142021 (USD Million)
Table 41 North America: Market Size, By Industry Vertical, 20142021 (USD Million)
Table 42 United States: Market Size, By Application, 20142021 (USD Million)
Table 43 United States: Market Size, By Organization Size, 20142021 (USD Million)
Table 44 United States: Cloud-Based PLM Market Size, By Industry Vertical, 20142021 (USD Million)
Table 45 Europe: Market Size, By Country, 20142021 (USD Million)
Table 46 Europe: Market Size, By Application, 20142021 (USD Million)
Table 47 Europe: Market Size, By Organization Size, 20142021 (USD Million)
Table 48 Europe: Market Size, By Industry Vertical, 20142021 (USD Million)
Table 49 United Kingdom: Market Size, By Application, 20142021 (USD Million)
Table 50 United Kingdom : Market Size, By Organization Size, 20142021 (USD Million)
Table 51 United Kingdom: Cloud Based PLM Market Size, By Industry Vertical, 20142021 (USD Million)
Table 52 Asia-Pacific: Market Size, By Application, 20142021 (USD Million)
Table 53 Asia-Pacific: Market Size, By Organization Size, 20142021 (USD Million)
Table 54 Asia-Pacific: Market Size, By Industry Vertical, 20142021 (USD Million)
Table 55 Middle East and Africa: Market Size, By Application, 20142021 (USD Million)
Table 56 Middle East and Africa: Market Size, By Organization Size, 20142021 (USD Million)
Table 57 Middle East and Africa: Market Size, By Industry Vertical, 20142021 (USD Million)
Table 58 Latin America: Market Size, By Country, 20142021 (USD Million)
Table 59 Latin America: Market Size, By Application, 20142021 (USD Million)
Table 60 Latin America: Market Size, By Organization Size, 20142021 (USD Million)
Table 61 Latin America: Market Size, By Industry Vertical, 20142021 (USD Million)
Table 62 New Product Launches, 2016
Table 63 Partnerships, 20132016
Table 64 Acquisitions, 20152016
List of Figures (45 Figures)
Figure 1 Global Cloud Based PLM Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Market Breakdown and Data Triangulation
Figure 5 The Demand for Cloud Based PLM is Expected to Increase in the Small and Medium Enterprises Segment During the Forecast Period
Figure 6 Customer Management Application is Expected to Grow With the Highest CAGR During the Forecast Period
Figure 7 Retail and Consumer Goods Vertical has High Demand for PLM and is Expected to Grow During the Forecast Period
Figure 8 North America is Expected to Lead the Market
Figure 9 Emergence of PLM-As-A-Platform Can Be A Major Opportunity for the Market to Grow
Figure 10 Customer Management Application is Expected to Witness the Highest Growth Rate During the Forecast Period
Figure 11 Large Enterprises Segment is Projected to Have the Largest Market Share
Figure 12 Aerospace and Defense Vertical Accounts for the Largest Share in the Market and Asia-Pacific is Expected to Grow With the Highest CAGR
Figure 13 Market: Evolution
Figure 14 Market Segmentation: By Application
Figure 15 Market Segmentation: By Organization Size
Figure 16 Market Segmentation: By Industry Vertical
Figure 17 Cloud Based PLM Market Segmentation: By Region
Figure 18 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 19 Value Chain: Market
Figure 20 Functions of Cloud Based PLM
Figure 21 Strategic Benchmarking: Market
Figure 22 Customer Management is Expected to Gain Traction Due to the Increasing Demand for Cloud Services
Figure 23 Small and Medium Enterprises are Expected to Grow With the Highest CAGR During the Forecast Period
Figure 24 Retail and Consumer Goods Vertical is Expected to Dominate the Market
Figure 25 Middle East and Africa is Expected to Show Highest Growth in the Market Due to Increasing Cloud and IoT Adoption
Figure 26 Asia-Pacific and the Middle East and Africa are Expected to Have Major Market Share in the Coming Years
Figure 27 North America: Market Snapshot
Figure 28 Asia-Pacific: Market Snapshot
Figure 29 Companies Adopted the Strategy of New Product Launches as the Key Growth Strategy From 2013 to 2016
Figure 30 Product Portfolio Comparison of the Top Five Companies
Figure 31 Cloud Based PLM Market Evaluation Framework
Figure 32 Battle for Market Share: the Strategy of New Product Launches Was the Key Strategy Adopted By Key Players in Market During 20142016
Figure 33 Dassault Systemes: Company Snapshot
Figure 34 Dassault Systemes: SWOT Analysis
Figure 35 Siemens AG: Company Snapshot
Figure 36 Siemens AG: SWOT Analysis
Figure 37 PTC, Inc.: Company Snapshot
Figure 38 PTC, Inc.: SWOT Analysis
Figure 39 Oracle Corporation: Company Snapshot
Figure 40 Oracle Corporation: SWOT Analysis
Figure 41 SAP SE: Company Snapshot
Figure 42 SAP SE: SWOT Analysis
Figure 43 Autodesk, Inc.: Company Snapshot
Figure 44 Accenture PLC: Company Snapshot
Figure 45 Infor, Inc.: Company Snapshot
Growth opportunities and latent adjacency in Cloud-Based PLM Market
Looking for market research data on the US medical device manufacturing and PLM software for the identification of the Medical Device PLM product in the market.
Gather insights into Cloud-Based PLM Market
Global PLM market is expected to increase significantly in the next five to six years from the market size of $18.57 billion in 2018 to over $26.33 billion by 2023, said Quadrant Market before COVID-19 hit the market. Cloud PLM is less than 20 of that. Your figures on the Cloud PLM market seem to be highly overinflated considering the fact that PLM revenues of big players like Dassault, Siemens, PTC and even Autodesk still mainly come from on premise licenses and related services.
Understand the Cloud-based PLM specifically for Indian market.