PLM Software Market Share | Insights, Trends & Growth Analysis 2025

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Code: MTA10324

Publication Date: Oct 2025

What is the size of PLM Software Market?

According to 6Wresearch internal database and industry insights, the PLM Software Market is estimated at USD 32.1 billion in 2024, projected to surpass USD 58.3 billion by 2031, registering a CAGR of 8.6% between 2025-2031.

This expansion is supported by digital transformation across industries, increasing adoption of cloud-based PLM platforms, and integration of AI and IoT technologies. This industry accounted for an estimated market share of over 26% within the overall product lifecycle management ecosystem in 2024.

Growth Factors for PLM Software Industry

Rising demand for digital product development and collaboration tools.
Increased adoption of cloud-based and SaaS PLM platforms.
Integration of AI, ML, and IoT for enhanced product lifecycle analytics.
Expansion in automotive, aerospace, and industrial manufacturing sectors.
Growing need for real-time product data management and simulation.

PLM Software Market Trends

The trends in the PLM Software Market reveal strong momentum for cloud-based deployment models that drive flexibility and cross-functional collaboration. The merging of AI-driven predictive analytics, as well as 3D visualization and digital twin technologies, significantly alters processes in product development. Modern PLM systems are modular and can integrate easily with ERP and CAD software. Moreover, companies are emphasizing sustainability, and lifecycle tracking and traceability are becoming of the utmost importance to ensure compliance with regulations, as well as environmental responsibility.

Emerging Developments in the PLM Software Market

The developments in the PLM Software Market indicate increased investments in advanced PLM suites that enable digital twin creation and end-to-end automation of the lifecycle. Vendors are also releasing PLM solutions specific to industries to meet those industries' unique requirements in both manufacturing and energy. The openness of the application programming interface (API) in many platforms marks a shift to open architecture to encourage integration with legacy enterprise systems. Additionally, user-centric design and augmented reality for product visualisation are also becoming increasingly important to make decision-making simpler in global supply chains.