Advancing Manufacturing Efficiency through PLM in Discrete Manufacturing

LONDON, GREATER LONDON, UK, November 6, 2023 /EINPresswire.com/ -- The global market for Product Lifecycle Management (PLM) in discrete manufacturing, valued at $21.11 billion in 2022, is set to reach $22.89 billion in 2023, with a robust compound annual growth rate (CAGR) of 8.4%. Despite challenges posed by the Russia-Ukraine conflict, the market is anticipated to expand significantly, reaching $31.17 billion by 2027, with a CAGR of 8.0%.The surge in the adoption of smart factories and smart manufacturing is fueling the growth of the PLM in discrete manufacturing market.

Market Segmentation and Key Players

•Component: Software, Services
•Enterprise Size: Large Enterprises, Small and Medium Enterprises
•Deployment Model: On-Premise, Cloud
•Industry Vertical: Automotive and Transportation, Industrial Machinery and Heavy Equipment, High-Tech And Consumer Electronics, Aerospace and Defense, Other Industry Verticals

Major PLM in discrete manufacturing market players such as ANSYS Inc., Plex Systems Inc., Autodesk Inc., Dassault Systèmes SE, and Siemens AG are driving the market's growth through the adoption of smart factories and strategic collaborations to enhance their offerings and market positioning.

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Strategic Collaboration Driving Market Expansion
A notable trend in the PLM in discrete manufacturing market is the strategic collaboration among key players to strengthen their market positions. Partnerships, such as the one between Aras Corp and Ansys Inc. in 2020, and the collaboration between Siemens AG and SAP SE in 2021, have resulted in the development of innovative solutions, further expanding the scope of digital engineering practices, configuration management, and asset lifecycle management.

Regional Analysis and Market Dynamics
North America currently leads the PLM in discrete manufacturing market, with Asia-Pacific expected to exhibit the highest growth during the forecast period. The comprehensive market report provides detailed analyses of key regions, including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

For comprehensive insights into the evolving landscape of the PLM in discrete manufacturing market, access our complete market report:
https://www.thebusinessresearchcompany.com/report/plm-in-discrete-manufacturing-global-market-report

PLM in Discrete Manufacturing Global Market Report 2023from TBRC covers the following information:
•Market size date for the forecast period: Historical and Future
•Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
•Market analysis by countries:Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
ThePLM in Discrete Manufacturing Global Market Report 2023byThe Business Research Company is the most comprehensive report that provides insights on PLM in discrete manufacturing market size, PLM in discrete manufacturing market drivers and trends, PLM in discrete manufacturing market major players, PLM in discrete manufacturing market competitors' revenues, PLM in discrete manufacturing market positioning, and PLM in discrete manufacturing market growth across geographies.The PLM in discrete manufacturing market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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