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The Product Lifecycle Management Global Market Report 2022-31 by The Business Research Company describes and explains the global product lifecycle management market and covers 2016 to 2021, termed the historic period, and 2022 to 2026, termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.

The Product Lifecycle Management Global Market Opportunities And Strategies Report covers product lifecycle management market drivers, product lifecycle management market trends, product lifecycle management market segments, product lifecycle management market growth rate, product lifecycle management market major players, product lifecycle management market size and a special focus on identifying the trends, opportunities, and strategies that can lead to success.

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The Product Lifecycle Management Global Market Opportunities And Strategies Report is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies in detail. O&S reports are available off the shelf and can be delivered to clients on the day of purchase. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.

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A key product lifecycle management market trend:

The adoption of cloud deployment is increasingly gaining traction in product lifecycle management. Cloud PLM software is a tool that is used for managing product lifecycles at any time and from any location. These programs can help users keep track of new designs and all the iterations. They can also improve communication and transparency among internal teams. The adoption of cloud technologies in the organization across various industries are increasing. For instance, in 2020, almost 135k organizations were using this technology, and cloud adoption has reached 81%, as measured by the use of cloud productivity platforms by enterprise organizations. By 2022, the total value of the adoption of cloud deployment will reach $278.3 billion, with 90% of companies in the market will be using cloud services.

The report covers the product lifecycle management market segments:

1) By Type: Product Catalogs, Service Catalogs

2) By Component: Solutions, Services

3) By Deployment Type: On-Premises, Cloud

4) By Organization Size: Large Enterprises, Small and Medium Enterprises (SMEs)

5) By Vertical: BFSI, Retail and eCommerce, Telecom, IT, Media and Entertainment, Travel and Hospitality, Other Verticals

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