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., and Infor Inc. 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 October 2023, PTC, a leading engineering software and PLM provider, announced its acquisition of pure-systems, a German software company that specializes in product and software variant management. The acquisition had already taken place, as indicated by the disclaimer on pure-systems’ website. The acquisition will bring pure::variants, a tool designed to help engineers and product designers manage product and software variation, to PTC’s portfolio. PTC and pure-systems had previously partnered to integrate pure::variants into PTC’s Codebeamer application lifecycle management (ALM) software.
PLM Software Market Leaders
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Siemens AG
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SAP SE
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Autodesk Inc.
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Dassault Systems Deutschland GmbH
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PTC Inc.
*Disclaimer: Major Players sorted in no particular order
