Global PLM in Discrete Manufacturing Market Analysis 2024, Forecast To 2033
23 Feb, 2024
The PLM in discrete manufacturing market has demonstrated robust growth, rising from $22.06 billion in 2023 to $23.7 billion in 2024, with a CAGR of 7.5%. This growth is attributed to factors like globalization, increasing product complexity, and regulatory compliance. Looking ahead, the market is forecasted to reach $32.22 billion in 2028, with a CAGR of 8.0%, fueled by digital transformation, sustainability focus, and advancements in simulation and virtual prototyping.
Global PLM in Discrete Manufacturing Market Key Driver
PLM in the discrete manufacturing market is experiencing growth due to the surge in the adoption of smart factories and smart manufacturing. Smart manufacturing, enabled by digitized facilities and internet-connected machinery, has seen a 50% increase in adoption rates. Manufacturers are leveraging PLM in the discrete manufacturing sector to enhance decision-making processes, driving market growth.
Get A Free Sample Of The Global PLM in Discrete Manufacturing Market ReportGlobal PLM in Discrete Manufacturing Market Segments
The plm in discrete manufacturing market covered in this report is segmented –
1)By Component: Software, Services
2)By Enterprise Size: Large Enterprises, Small and Medium Enterprises
3)By Deployment Model: On-Premise, Cloud
4)By Industry Vertical: Automotive and Transportation, Industrial Machinery and Heavy Equipment, High-Tech And Consumer Electronics, Aerospace and Defense, Other Industry Verticals
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the PLM in discrete manufacturing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the plm in discrete manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major PLM in Discrete Manufacturing Industry Players
ANSYS Inc; Plex Systems Inc; Autodesk Inc; Dassault Systèmes SE; Infor; Oracle Corporation; Parametric Technology Corporation Inc; SAP SE; Siemens AG; Synopsys Inc; Lascom; Engusa; GRAMONT Group; KloudPLM; OpenBOM; Aras Corporation; Arena Solutions Inc.; Cadence Design Systems Inc.; Centric Software Inc.; Computer Integrated Manufacturing data Inc.; Spacewell Energy; ESI Group; Granta Design Limited; Hindustan Computers Limited; International Business Machines Corporation; Infosys Limited; Mentor Graphics Corporation; Parametric Technology Corporation; Tata Technologies Limited; Wipro Limited
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PLM in Discrete Manufacturing Market Overview
The PLM in discrete manufacturing refer to solutions used by a variety of industries to manage a product's entire lifecycle, beginning with the engineering, design, manufacture, and disposal of manufactured goods. Discrete manufacturing is a type of manufacturing technique that produces products differentiated by individual units and places parts together according to a predetermined process to create a unique item, such as smartphones. Product lifecycle management (PLM) enhances the quality and dependability of products. Additionally, PLM gives manufacturers an accurate bill of materials (BOM), which enables them to find errors more quickly and shorten delivery times. Further, the majority of manufacturing involves a multi-step assembly process, and PLM helps businesses monitor production processes and give operators decision support, which accelerates the market's growth.
PLM in Discrete Manufacturing Global Market Report 2023 provides data on the global plm in discrete manufacturing market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The plm in discrete manufacturing market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.