Product Lifecycle Management (PLM) consists of a set of software solutions to support organizations throughout the stages of the product lifecycles from its conceptualization to its design, build, market, support, maintain, and retirement. A holistic PLM solution supports enterprise-wide requirements for engineering designs and development, manufacturing workflows, and managing consistent product information. The solution enables collaboration amongst various stakeholders, both internal and external, responsible for specific product lifecycle processes.

Large industrial companies are either in the midst of digital transformation initiatives or planning their roadmap towards digitalization. Advanced PLM solution is considered as a core technology platform for managing smart, connected, and complex product development processes in the digital age. Industrial companies are looking at PLM solution with key capabilities including integrated data management, distributed collaboration, and seamless integration with enterprise systems like manufacturing execution systems (MES), enterprise resource planning (ERP), supply chain management (SCM) and internet of things (IoT) platforms for a holistic strategy towards building a connected enterprise.

Quadrant Knowledge Solutions Global Product Lifecycle Management Market Outlook research includes detailed competition analysis and vendor evaluation with the proprietary SPARK Matrix analysis. SPARK Matrix includes ranking and positioning of leading PLM vendors with a global impact. The positioning is based on the vendors’ performance in various performance parameters on the categories of Technology Excellence and Customer Impact. PLM Market Outlook research provides strategic information to the market participants and users who are responsible for strategic planning, marketing, sales, and purchasing PLM solutions. The research includes a detailed analysis of the global market regarding short-term and long-term growth opportunities, emerging technology trends, market trends, and future market outlook. The study provides comprehensive vendor evaluation and competition analysis and vendor ranking in the form of Quadrant’s proprietary SPARK Matrix Analysis.


Table of Contents

Executive Overview

  • Product Lifecycle Management Market Overview
  • Key Research Findings

Market Definition and Background

Market Adoption and Deployment Trends

Key Market Drivers and Trends

Regional Trends and Forecasts

Industry Vertical Trends and Forecasts

Competition Analysis & SPARK Matrix 

  • Competition Analysis
  • Competitive Factors and Technology Differentiators
  • Leading Vendor Profiles and Analysis
  • SPARK Matrix: Product Lifecycle Management (PLM) Market

Research Methodologies

Product Lifecycle Management Market Outlook is a part of Quadrant’s Industrial Automation and IT practice.


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  • Strategic planning and tactical opportunities
  • Go to market strategies