North America product lifecycle management market size is anticipated to grow at steady CAGR during the forecast period. The North America product lifecycle management market is majorly driven by the increasing adoption by the SMEs. Additionally, ongoing technological advancements and rapid adoption of technologies especially cloud based in the region is further expected to spur the market through 2025.
North America product lifecycle management market can be segmented based on type of service, component, deployment mode, service type, end user industry, company and country. Based on deployment mode, the market can be bifurcated into on-premise and cloud. The on-premise segment is expected to dominate the market since on-premise solutions are delivered with a one-time licensing fee along with a service agreement. Based on service type, the market can be fragmented into maintenance/support, implementation, consulting and others. The maintenance/support segment is expected to witness significant growth during the forecast period attributable to the fact that facilitates customer satisfaction by resolving customer issues or queries. Every software vendor has a dedicated support team to serve the customers. Support, software maintenance, customer portal, post-deployment assistance, and client testimonials are some of the services provided under maintenance/support segment.
Major companies operating in the North America product lifecycle management market include IBM Corporation, Autodesk Inc., Hewlett-Packard Company, Oracle Corporation, Aras Corporation, SAP SE, Siemens AG, Accenture, Deloitte Consulting, TCS, among others. Leading players in the North America product lifecycle management market are engaging in partnerships and acquisitions in order to increase their market share.
Years considered for this report
Historical Years2015-2018
Base Year2019
Estimated Year2020
Forecast Period2021–2025
Objective of the Study
- To analyse and forecast the market size of North America product lifecycle management market.
- To forecast North America product lifecycle management market based on type of service, component, deployment mode, service type, end user industry and country distribution.
- To identify drivers and challenges for North America product lifecycle management market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions etc. in North America product lifecycle management market.
- To identify and analyse the profile of leading players operating in the North America product lifecycle management market.
Click here to download the sample
Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of product lifecycle management service providers across the region. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights Research could include the service providers which could not be identified due to the limitations of secondary research.
Market Insights Research calculated North America product lifecycle management market size using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. Market Insights Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also used by Market Insights Research.
Key Target Audience
- Product lifecycle management service providers, vendors and other stakeholders
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to product lifecycle management market
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as solution providers and partners, end users etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
