Global PLM Software Market to Surpass US$43.5 Billion by 2030, Driven by Cloud and AI Innovations

Industry Experts, Inc. published a new market research report, " Global Product Life Cycle Management (PLM) Software Market - Applications, Deployment Types, Company Types, and Industry Sectors" , projecting that worldwide PLM software revenues will rise from US$28 billion in 2024 to US$43.5 billion by 2030, registering a compound annual growth rate of 7.7% during the 2024 to 2030 forecast period. Cloud-native delivery models and software-as-a-service platforms are redefining PLM consumption by offering faster deployment, lower upfront costs and elastic scalability. Leading vendors such as Siemens Digital Industries Software, PTC, Dassault Systemes and Autodesk are embedding AI-driven capabilities for predictive design, smarter simulation and real-time collaboration. These innovations are not only shortening product development cycles but also making enterprise-grade PLM accessible to mid-market firms, while the rise of eco-design and compliance tools is respo...