Plm Industry Statistics

PLM industry statistics provide valuable insights into market trends, adoption rates, and key players within the product lifecycle management sector.

In this post, we will explore key statistics and trends in the PLM industry, shedding light on the significant impact of Product Lifecycle Management software across various sectors. From improved collaboration and compliance tracking to market projections and adoption rates, the data presented unveils the growing importance and widespread adoption of PLM solutions in today’s business landscape.

Statistic 1

"70% of PLM users report improved collaboration across different departments."

Sources Icon

Statistic 2

"Businesses using PLM software see a 20% improvement in compliance tracking."

Sources Icon

Statistic 3

"Personalized PLM solutions are expected to account for 10% of the market by 2025."

Sources Icon

Statistic 4

"The automotive sector accounted for 30% of the PLM market in 2020."

Sources Icon

Statistic 5

"The Asia-Pacific region is anticipated to witness the fastest PLM market growth, with a 14% CAGR from 2021 to 2028."

Sources Icon

Statistic 6

"The consumer goods industry is expected to increase its PLM adoption by 25% by 2025."

Sources Icon

Statistic 7

"Aerospace and defense industries are the second-largest adopters of PLM solutions."

Sources Icon

Statistic 8

"Europe captured 25% of the global PLM market share in 2020."

Sources Icon

Statistic 9

"The industrial equipment sector is projected to increase its PLM investments by 40% over the next decade."

Sources Icon

Statistic 10

"55% of PLM users claim that the software has significantly reduced their costs of managing product data."

Sources Icon

Statistic 11

"Over 60% of manufacturing companies have adopted PLM software."

Sources Icon

Statistic 12

"The PLM software segment for small and medium enterprises (SMEs) is growing at 12% annually."

Sources Icon

Statistic 13

"The market for PLM services is predicted to grow at a CAGR of 8% over the next five years."

Sources Icon

Statistic 14

"The global PLM market is expected to reach $50 billion by 2028."

Sources Icon

Statistic 15

"Approximately 50% of PLM implementations result in a product development time reduction of at least 25%."

Sources Icon

Statistic 16

"PLM solutions integrating IoT technology are anticipated to grow by 18% annually."

Sources Icon

Statistic 17

"Manufacturing companies reported a 15% increase in product lifecycle efficiency through PLM adoption."

Sources Icon
In conclusion, the statistics presented showcase the significant impact and growth potential of the PLM industry. Improved collaboration, compliance tracking, and tailored solutions are driving advancements across various sectors, with notable increases in adoption and market share expected in the automotive, aerospace, defense, consumer goods, and industrial equipment industries. The Asia-Pacific region is set to lead in market growth, while Europe remains a key player. With substantial cost reductions, efficiency improvements, and accelerated product development seen through PLM utilization, the market is on track to reach new heights, reaching $50 billion by 2028. Integration of IoT technology and the rise of personalized solutions are key trends to watch out for in the coming years.

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!