Abstract: Global Product Lifecycle Management (PLM) Market to Reach $0 Thousand by 2027 Amid the COVID-19 crisis, the global market for Product Lifecycle Management (PLM) estimated at US$44.
New York, July 13, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Product Lifecycle Management (PLM) Industry” – https://www.reportlinker.com/p0552792/?utm_source=GNW
1 Billion in the year 2020, is projected to reach a revised size of US$0 Thousand by 2027, growing at aCAGR of -100% over the period 2020-2027. Software, one of the segments analyzed in the report, is projected to record -100% CAGR and reach US$0 Thousand by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised -100% CAGR for the next 7-year period.
The U.S. Market is Estimated at $17.9 Billion, While China is Forecast to Grow at -100% CAGR
The Product Lifecycle Management (PLM) market in the U.S. is estimated at US$17.9 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$0 Thousand by the year 2027 trailing a CAGR of -100% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at -100% and -100% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately -100% CAGR….