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

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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 responding to growing sustainability mandates.

This in-depth market research report delivers a forward-looking industry analysis, identifies key growth drivers and constraints, and includes a detailed sector-level SWOT assessment. It outlines actionable market-entry strategies, evaluates competitive dynamics through Porter's Five Forces and PESTEL frameworks, and benchmarks major vendors' positions. Detailed company profiles map each key player's standing within the global PLM ecosystem.

North America held the largest regional share in 2024 at US$10.2 billion or 36.3% of the global total, supported by early cloud adoption, regulatory rigor and heavy investment in digital twin technologies. Europe follows with strong modernization efforts in aerospace and automotive sectors. Asia-Pacific is poised for the fastest growth at a 10% CAGR, reaching nearly US$13 billion by 2030, driven by manufacturing upgrades in China, India and Japan. South America and Middle East & Africa are advancing through digitization initiatives and cloud-native PLM adoption in Brazil, Argentina and the Gulf Cooperation Council states.

Segment analysis examines deployment type, company type, software type and industry sector. Cloud-based deployments accounted for 71% of PLM software revenues in 2024 and are the fastest-growing segment at an 8.5% CAGR. SMEs represent the fastest-growing buyer group, expanding at a 9% CAGR as modular, subscription-based offerings gain traction alongside continued investment by large enterprises. Collaborative product definition management led software types with a 36.1% share, while emerging PLM-related tools driven by sustainability analytics and compliance are set to grow at an 11.4% CAGR. In industry sectors, automotive & transportation dominated with 34% of revenues, while electronics & semiconductors is the fastest-growing vertical at an 11% CAGR.

The analysis spans five major regions: North America, Europe, Asia-Pacific, South America and Middle East & Africa and covers four segmentation categories: deployment type, company type, software type and industry sector. Historical data cover 2021 to 2023, with 2024 as the base year and forecasts through 2030. Country-level chapters provide insights across 29 independent markets.

About Industry Experts, Inc
Industry Experts, Inc., ranks among the leading market research providers globally. The company's off-the-shelf and customized business intelligence reports offer strategic insights and valuable guidance to enable various stakeholders, such as corporate strategists, analysts, researchers and startups, in obtaining crisp and unbiased current and future market data. For more information, contact us on +1-320-497-3787 or visit https://industry-experts.com/

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