The integration of advanced technologies like AI, IoT, and digital twins into PLM systems enhances product innovation, enabling companies to bring products to market faster while reducing costs, Says SNS Researchers.

“According to SNS insider research, the Product Life Cycle Management [PLM] Market size was valued at USD 29.46 Billion in 2023. It is expected to reach USD 65.58 Billion by 2032, significantly growing at a CAGR of 9.3% over the forecast period of 2024-2032.”