Product Lifecycle Management Market Set to Experience Phenomenal Growth from 2021 to 2026

Increasing demand for software solutions for bills of materials, change management, compliance management, cost management, data management, and governance management are likely to spur the demand for the PLM software over the review period. The continued integration of the latest technologies, such as virtual reality, Industrial Internet of Things (IIoT), augmented reality, and additive manufacturing, with PLM solutions, is further expected to bolster the market growth.