Product Lifecycle Management Market: Connected Devices Is Anticipated To Drive The Growth
Product Lifecycle Management Industry Overview The global product lifecycle management market size is expected to reach USD 54.36 billion by 2030, registering a CAGR of 8.6% from 2022 to 2030, according to a new report by Grand View Research, Inc. Product lifecycle management is gradually advancing and witnessing continuous developments in the form of improved software capabilities. In addition to this, the demand for robust data analytics software platforms is also increasing and has been augmented by the evolution of core technologies such as blockchain, artificial intelligence, machine learning . Furthermore, the emergence of smart products and factories by small-scale enterprises is expected to open new avenues for the market players. These smart products have complex functionalities in terms of connectivity, security compliances, and others. Hence, the increasing demand for connected devices is anticipated to drive the growth of the product lifecycle ...