Product Lifecycle Management Market To Expand Industry Growth At USD 43.6 Billion By 2028
San Francisco, 28 Feb 2022: The Report Product Lifecycle Management Market Size, Share & Trends Analysis Report By Software, By Deployment, By End Use, By Region, And Segment Forecasts, 2021 - 2028 The global product lifecycle management market size is expected to reach USD 43.64 billion by 2028, registering a CAGR of 7.2% from 2021 to 2028, according to a new study by Grand View Research, Inc. The growing need to support complex functionalities, the unabated establishment of smart factories and rollout of smart value chains, and the continued integration of the Internet of Things (IoT) with PLM solutions are some of the main drivers that are expected to drive the growth of the market over the forecast period. Advances in the latest technologies, such as cloud computing and IoT, and the continued rollout of high-speed data networks are expected to contribute to the growth of the market. The aggressive investments being made by the market players in product innovation to delive