Market Share of PLM Software Industry
The Product Lifecycle Management (PLM) software market is highly fragmented and competitive, mainly due to the presence of numerous global players. Various market players are moving in R&D with the latest software techniques, building a high level of competitiveness throughout the market. The key players include Dassault Systemes Deutschland GmbH, Siemens, Autodesk Inc., ANSYS Inc., Infor Inc., and many others. The companies are thus maximizing their market share by forming various partnerships, investing in projects, and introducing new products in the market.
In February 2023, Global provider of collaboration and design solutions Bricsys, part of Hexagon, declared its partnership with MechWorks, part of ITI Technegroup, a WIPRO Company, to offer an integration between Siemens' Teamcenter software and BricsCAD. The solution primarily provides industry-best features to connect BricsCAD's processes faster and enable designers to focus on its product development.
In September 2022, Holland Capital, the key shareholder of the European Digital Transformation consortium, successfully acquired OnePLM to complement Magnus Digital, Dimensys, Cards PLM Solutions, and Appronto. This created the largest software and service provider of its kind in Europe and allowed international customers to benefit from a vast range of best-in-class expert services.
PLM Software Market Leaders
Siemens AG
SAP SE
Autodesk Inc.
Dassault Systems Deutschland GmbH
PTC Inc.
*Disclaimer: Major Players sorted in no particular order
