GITNUX MARKETDATA REPORT 2024

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."

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Statistic 2

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

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Statistic 3

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

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Statistic 4

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

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Statistic 5

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

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Statistic 6

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

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Statistic 7

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

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Statistic 8

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

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Statistic 9

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

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Statistic 10

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

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Statistic 11

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

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Statistic 12

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

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Statistic 13

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

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Statistic 14

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

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Statistic 15

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

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Statistic 16

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

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Statistic 17

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

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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.

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