Global Product Lifecycle Management (PLM) Market Driven at 8.10% CAGR 2015-2022 by Surge in Industrial Activities

Albany, NY -- (SBWIRE) -- 03/14/2016 -- In a new report, titled "Product Lifecycle Management Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2022," Transparency Market Research indicates that the global product lifecycle management (PLM) market is projected to rise from a value of US$40.2 bn in 2014 to US$75.8 bn in 2022, expanding at an 8.10% CAGR from 2015 to 2022. The growing demand from non-conventional end-use sectors, the significant reduction in the products' time-to-market, and the ongoing growth in industrial activities around the world are responsible for the expansion of the PLM market.