The PLM in Discrete Manufacturing Global Market Report 2023, provides comprehensive information on the PLM in discrete manufacturing market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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In accordance with The Business Research Company's latest PLM in Discrete Manufacturing Global Market Report for 2023, the global market for Product Lifecycle Management (PLM) within the discrete manufacturing sector is poised for robust growth. It is anticipated to undergo a substantial transition, with a projected increase from $21.11 billion in 2022 to $22.89 billion in 2023, demonstrating a notable Compound Annual Growth Rate (CAGR) of 8.4%.

Nevertheless, the global economic landscape faces disruptions stemming from the ongoing Russia-Ukraine conflict, which have hindered the prospects of a swift recovery from the lingering effects of the COVID-19 pandemic, particularly in the short term. The conflict has precipitated the imposition of economic sanctions on multiple nations, resulting in a spike in commodity prices and disruptions across global supply chains, thereby instigating inflationary pressures within the realms of goods and services. This complex geopolitical situation is reverberating throughout various markets worldwide.

Despite these formidable challenges, the PLM market in discrete manufacturing is anticipated to demonstrate resilience and growth, charting a trajectory toward a market size of $31.17 billion by 2027, maintaining a commendable CAGR of 8.0%.

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The discrete manufacturing PLM landscape is currently witnessing a pronounced and strategic trend—collaboration. Prominent industry players are proactively seeking partnerships to fortify their positions within this dynamic sector. A striking example of this trend can be observed in the collaboration between Aras Corp, a prominent US-based PLM software company, and Ansys Inc., another leading US-based software entity. This strategic alliance, initiated in January 2020, revolves around the licensing of Aras's cutting-edge platform technology, aimed at ushering in the next wave of digital engineering practices.

These innovative practices encompass PDM/PLM interoperability and configuration management, offering highly scalable and adaptable product solutions. In a similar vein, April 2021 marked a significant milestone with Siemens AG, a renowned German automation powerhouse in the discrete manufacturing PLM domain, joining forces with SAP SE, a prominent German software conglomerate. This expanded partnership has paved the way for both entities to introduce novel solutions geared towards service and asset lifecycle management.

While initially concentrating on discrete manufacturing, Siemens is poised to provide access to the SAP asset intelligence network, the SAP asset strategy and performance management application, as well as the SAP enterprise portfolio and project management package. These strategic collaborations underline the industry's commitment to innovation and synergy, which promises to reshape the landscape of discrete manufacturing PLM for the benefit of various stakeholders.

The PLM in discrete manufacturing market is segmented:

1) PLM in Discrete Manufacturing Market By Component: Software, Services

2) PLM in Discrete Manufacturing Market By Enterprise Size: Large Enterprises, Small and Medium Enterprises

3) PLM in Discrete Manufacturing Market By Deployment Model: On-Premise, Cloud

4) PLM in Discrete Manufacturing Market By Industry Vertical: Automotive and Transportation, Industrial Machinery and Heavy Equipment, High-Tech And Consumer Electronics, Aerospace and Defense, Other Industry Verticals

North America was the largest region in the PLM in discrete manufacturing market in 2022.

The table of contents in TBRC’s PLM in discrete manufacturing market report includes:

1. Executive Summary

2. PLM in Discrete Manufacturing Market Characteristics

3. PLM in Discrete Manufacturing Market Trends And Strategies

4. PLM in Discrete Manufacturing Market - Macro Economic Scenario

5. PLM in Discrete Manufacturing Market Size And Growth

.....

26. Africa PLM in Discrete Manufacturing Market

27. PLM in Discrete Manufacturing Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The PLM in Discrete Manufacturing Market

29. PLM in Discrete Manufacturing Market Future Outlook and Potential Analysis

30. Appendix

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