Technology
Product Lifecycle Management Market worth $58.52 billion by 2031 | Report by MarketsandMarkets™
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3 months agoon
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DELRAY BEACH, Fla., June 23, 2026 /PRNewswire/ — According to MarketsandMarkets™, the Product Lifecycle Management Market is projected to grow from USD 36.60 billion in 2026 and to reach USD 58.52 billion by 2031, at a Compound Annual Growth Rate (CAGR) of 9.8% during the forecast period.
Browse 200 market data Tables and 180 Figures spread through 300 Pages and in-depth TOC on ‘Product Lifecycle Management Market – Global Forecast to 2031’
Product Lifecycle Management Market Size & Forecast:
Market Size Available for Years: 2021–20312026 Market Size: USD 36.60 billion2031 Projected Market Size: USD 58.52 billionCAGR (2026–2031): 9.8%
Product Lifecycle Management Market Trends & Insights:
As organizations continue prioritizing digital transformation and product innovation, PLM is expected to play a critical role in enabling competitive differentiation and sustainable growth.By offering, the software segment is expected to exhibit a higher CAGR (10.5%) than the services segment during the forecast period.By software type, the product data management segment is expected to capture the largest market size of USD 9.59 billion by 2031.By organization size, the SMEs segment is expected to exhibit a higher CAGR than the large enterprises segment during the forecast period.The Product Lifecycle Management Market is projected to grow at the highest rate in the Asia Pacific region during the forecast period.
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Product lifecycle management (PLM) has evolved from a product data repository into a strategic enterprise platform that enables organizations to manage product information, engineering processes, and collaboration throughout the entire product lifecycle—from concept and design to manufacturing, service, and end-of-life. PLM integrates capabilities such as product data management, engineering change management, bill of materials management, digital thread, quality and compliance management, and service lifecycle management to provide a single source of truth across product development functions. The increasing complexity of products, growing adoption of software-defined products, and rising demand for digital continuity are encouraging enterprises to modernize legacy product development environments. By connecting engineering, manufacturing, quality, supply chain, and service operations, PLM enables organizations to improve product quality, reduce development costs, accelerate time-to-market, and strengthen regulatory compliance. The integration of cloud technologies, AI-enabled engineering, digital twins, and model-based systems engineering is further enhancing the value of PLM solutions by enabling predictive insights, real-time collaboration, and lifecycle traceability. Enterprises across automotive, aerospace & defense, industrial equipment, electronics, healthcare, and energy sectors are increasingly leveraging PLM to support innovation and improve operational efficiency. As organizations continue prioritizing digital transformation and product innovation, PLM is expected to play a critical role in enabling competitive differentiation and sustainable growth.
By offering, software segment to hold larger market share than services segment during forecast period
The software segment is expected to account for a larger share of the PLM Market during the forecast period. PLM software serves as the foundation for managing product data, engineering changes, requirements, configurations, quality records, and supplier collaboration within a connected environment. The increasing adoption of cloud-native PLM platforms, digital thread initiatives, AI-enabled engineering capabilities, and digital twin technologies is encouraging enterprises to invest in advanced software platforms rather than standalone engineering tools. For instance, Siemens’ April 2025 announcement to acquire Dotmatics for USD 5.1 billion, strengthening its AI-powered lifecycle management capabilities and expanding its digital engineering portfolio. This transaction reflects the strategic importance of PLM software as vendors increasingly focus on integrating advanced analytics, sustainability capabilities, and software-driven innovation into their offerings. Organizations are also prioritizing enterprise-wide lifecycle visibility and cross-functional collaboration to accelerate innovation and improve productivity. As enterprises continue modernizing product development environments and connecting engineering with downstream functions, investments in PLM software are expected to outpace services, enabling the segment to maintain its leadership position throughout the forecast period.
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By product type, software-defined products segment to register highest CAGR during forecast period
Software-defined products are expected to register the highest CAGR in the PLM Market during the forecast period, driven by the increasing role of software in shaping product functionality, performance, and customer experience. These products include software-defined vehicles, connected industrial equipment, intelligent medical devices, smart consumer electronics, and IoT-enabled systems where software capabilities continue to evolve after commercialization. Managing these products requires organizations to integrate software development with traditional hardware engineering processes while maintaining traceability across requirements, testing, validation, cybersecurity, and release management activities.
According to Perforce’s 2026 State of Automotive Software Development Report, released in March 2026, 70% of automotive software professionals reported using AI to optimize software-defined vehicle systems, while 53% identified managing increasing software complexity as their greatest quality concern. These findings highlight the growing challenges associated with software-intensive product development and the increasing need for integrated lifecycle management platforms. PLM solutions enable organizations to establish digital continuity between hardware and software teams, support over-the-air updates, and manage continuous engineering processes. As industries increasingly transition toward intelligent and connected products, software-defined products are expected to create significant growth opportunities for PLM vendors throughout the forecast period.
North America to account for largest market share during forecast period
North America is estimated to account for the largest share of the PLM Market during the forecast period, driven by the region’s mature technology landscape, early adoption of digital engineering practices, and strong presence of product-centric industries. Organizations across the US and Canada are increasingly leveraging PLM platforms to improve collaboration between engineering, manufacturing, quality, procurement, and service teams while establishing a connected product development environment. PLM has become a strategic investment for enterprises seeking to accelerate innovation, reduce product development costs, enhance traceability, and shorten time-to-market in increasingly competitive markets. The region is witnessing growing adoption of cloud-native PLM platforms, digital thread initiatives, digital twin technologies, model-based systems engineering (MBSE), and AI-enabled engineering capabilities.
North American enterprises are moving beyond traditional product data management approaches and investing in enterprise-wide lifecycle platforms that provide end-to-end visibility across the product lifecycle. Industries such as aerospace & defense, automotive, industrial equipment, electronics & semiconductor, healthcare & medical devices, and high-tech manufacturing are increasingly utilizing PLM to manage multidisciplinary product development processes, support configuration control, streamline engineering changes, and improve compliance management. Furthermore, the growing focus on software-defined products and connected devices is increasing the need for integrated lifecycle management solutions capable of linking hardware and software development activities. Organizations are also prioritizing interoperability between PLM and enterprise applications such as CAD, ERP, MES, ALM, and quality management systems to create a unified digital thread across operations. Vendors that offer scalable deployment models, industry-specific functionality, advanced analytics, and seamless integration capabilities are well-positioned to capitalize on emerging opportunities within the region. Supported by its strong innovation ecosystem, advanced manufacturing capabilities, and sustained investments in digital transformation, North America is expected to maintain its leadership position in the global PLM Market throughout the forecast period.
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Top Companies in Product Lifecycle Management Market:
The Top Companies in Product Lifecycle Management Market include Siemens (Germany), Dassault Systèmes (France), PTC (US), Autodesk (US), SAP (Germany), Oracle (US), Aras (US), Infor (US), ANSYS (US), and IBM (US).
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B&R Technology Merger Corp. Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing September 10, 2026
Published
4 minutes agoon
September 8, 2026By
NEW YORK, Sept. 8, 2026 /PRNewswire/ — B&R Technology Merger Corp. (Nasdaq: BRTMU) (the “Company”) announced today that, commencing September 10, 2026, holders of the units sold in the Company’s initial public offering may elect to separately trade the Company’s Class A ordinary shares and warrants included in the units. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The Class A ordinary shares and warrants that are separated will trade on the Nasdaq Stock Market under the symbols “BRTM” and “BRTMW,” respectively. Those units not separated will continue to trade on the Nasdaq Stock Market under the symbol “BRTMU.”
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About B&R Technology Merger Corp.
B&R Technology Merger Corp. is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company’s strategy allows for an initial business combination in any business or industry or at any stage of its corporate evolution, its primary focus is on technology growth businesses that has artificial intelligence (“AI”) tailwinds.
Forward-Looking Statements
This press release may include, and oral statements made from time to time by representatives of the Company may include, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the Securities and Exchange Commission (“SEC”). All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Company Contact
David York
Clark Callander
Steve Fletcher
B&R Technology Merger Corp.
info@bandrtechnology.com
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SOURCE B&R Technology Merger Corp.
Technology
Georgia Power encourages customers to take action during National Preparedness Month
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5 minutes agoon
September 8, 2026By
Company highlights important safety information and resources to help customers prepare for emergencies
ATLANTA, Sept. 8, 2026 /PRNewswire/ — As the peak of hurricane season approaches, Georgia Power is reminding its 2.8 million customers to be prepared for emergencies. In support of National Preparedness Month, the company is once again partnering with the Federal Emergency Management Agency and the Georgia Emergency Management and Homeland Security Agency throughout September.
While the state has not yet experienced a major hurricane or tropical storm this season, National Preparedness Month encourages advance preparation for all types of potential emergencies in homes, businesses and communities.
Georgia Power continues to invest in a stronger, more resilient electric grid that improves reliability for customers on both blue-sky days and during severe weather. Through Smart Grid technology, automation and self-healing capabilities, the company can identify outages faster, reroute power remotely and restore service more efficiently. In 2025 alone, Grid Investment Program projects improved reliability for more than 535,000 customers and, together with self-healing technology, prevented 108 million customer outage minutes while playing a critical role during hurricane season.
Georgia Power encourages all customers to take proactive measures to safeguard their homes and families before disasters strike, including:
Build an emergency kit – Gather enough supplies to sustain everyone in your household for several days, including food, water, medications, and other essentials. Be sure to consider the unique needs of each family member and pet, especially if an evacuation becomes necessary. It’s also a good idea to prepare a grab-and-go emergency kit with essential items so you can evacuate quickly if needed. Have an emergency plan – Develop an emergency plan and discuss it with your family and close friends before an emergency. Establish how you will communicate, where you will meet and what steps you will take if you need to evacuate or shelter in place. Planning ahead can help reduce stress, save valuable time and minimize costs during an emergency. Understand your risks – Understand your risks by learning about the hazards and emergencies most likely to affect your area. Knowing what could happen where you live, work and travel can help you make informed decisions and take the right steps to protect yourself, your family and your property. Visit the company’s Storm Center page for more information on preparing your home, building an emergency kit, and knowing your risks.
Staying informed during emergencies such as hurricanes, tornadoes and severe thunderstorms is critical, and Georgia Power offers the following resources to help customers stay connected and informed:
Outage Alerts – Customers subscribed to the free Georgia Power Outage Alerts service will receive personalized notifications and updates via text message. Check that your contact number is up to date to receive the latest information. Outage & Storm Center – Available at www.GeorgiaPower.com/Storm, customers can visit this site to ensure their contact information is updated to receive Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can also report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938. Outage Map – Housed within the Outage & Storm Center, Georgia Power’s interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times. The map is updated regularly from teams in the field. Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go. Social Media – Follow Georgia Power on Facebook, Instagram and X for storm tips, outage updates, customer service and more.
Safety Tips for Customers and Crews
Watch for Georgia Power crews working across the state. If you must be on the roads, please move over one lane for utility vehicles stopped on the side of the road; it’s Georgia law. Never touch any downed or low-hanging wire. If going out, watch for and avoid down wires. They can be deadly. Never pull tree limbs off power lines yourself or enter areas with debris or downed trees, as downed power lines may be concealed. Customers should call 911 or Georgia Power immediately if they see a fallen or low-hanging power line. Take care if using a portable generator. Follow all manufacturer instructions, avoid using generators in enclosed spaces and be mindful of electrical safety. Visit our website for more generator safety tips.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America’s premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company’s promise to 2.8 million customers in all but four of Georgia’s 159 counties. Committed to delivering clean, safe, reliable and affordable energy, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power offers rates below the national average, focuses on delivering world-class service to its customers every day and the company is recognized by J.D. Power as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), X (X.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Technology
Nelnet Accessibility Services Now on Civic Marketplace
Published
5 minutes agoon
September 8, 2026By
State and local agencies can now access Nelnet’s accessibility assessment, remediation, and compliance services through a cooperative contract that requires no new request for proposal (RFP) ahead of approaching Department of Justice (DOJ) Americans with Disabilities Act (ADA) Title II compliance deadlines.
LINCOLN, Neb., Sept. 8, 2026 /PRNewswire/ — Nelnet Government Services today announced that its cooperative purchasing contract, awarded through the Alliance for Innovation (AFI), is now accessible through Civic Marketplace. By listing on Civic Marketplace, Nelnet gives local governments, public schools, and other public agencies nationwide a streamlined way to discover and procure its ADA Web Accessibility Consulting and ADA Web Accessibility Consulting and Design services.
As an awarded supplier through the AFI cooperative program, Nelnet’s services have already been competitively solicited and awarded in accordance with public procurement requirements. Through Civic Marketplace, eligible public agencies can access Nelnet’s services and pre-negotiated cooperative pricing without conducting a separate RFP, providing a faster path from accessibility need to implementation.
What Agencies Can Access
Accessibility Assessments: Expert-led audits of websites, applications, and documents that surface Web Content Accessibility Guidelines (WCAG) 2.1 barriers and produce a clear compliance roadmap.Remediation Services: Hands-on repair of websites, mobile apps, documents, and video so digital content works for people using assistive technology.Voluntary Product Accessibility Template (VPAT) and Accessibility Conformance Report (ACR) Reporting, Training & Ongoing Support: Standards-based compliance documentation, staff training, and Accessibility Team as a Service (ATaaS) for continuous governance as content changes.
“Every resident deserves digital services that work for them, and every agency deserves a partner who can help them get there without adding a lengthy procurement process,” said Marc Thorson, Lead Accessibility Architect at Nelnet. “Making our accessibility team available through Civic Marketplace means agencies can start real compliance work now, well ahead of the deadlines bearing down on them.”
Why This Matters
Under the Department of Justice’s ADA Title II rule, state and local government websites, apps, and digital content must meet WCAG 2.1 AA standards. The DOJ recently extended the compliance deadlines, giving larger public entities until April 26, 2027, and smaller public entities and special districts until April 26, 2028. But auditing, remediating, and retraining staff across years of legacy content takes longer than many agencies expect, and the deadline marks when compliance is required, not when the work should start.
Most agencies don’t need a seven-figure platform overhaul to get there. Many compliance gaps close for a fraction of that cost through focused assessment and remediation work, without the year a standalone RFP process usually consumes.
“Digital accessibility is a growing operational priority for local governments, and many agencies need specialized expertise to address it effectively,” said Michael Wilkes, President and CEO of the Alliance for Innovation. “Bringing Nelnet into our cooperative portfolio gives public agencies access to proven capabilities in an area that is becoming increasingly important to how governments operate and serve their communities.”
Nelnet has already put that model to work in state and local government: its accessibility team embedded with Colorado’s Office of Information Technology to bring the myColorado app, used by more than 1 million residents for driver’s licenses, DMV services, and benefit application, into WCAG 2.1 AA compliance.
Access This Contract Now on Civic Marketplace
Nelnet’s digital accessibility services are available now through Civic Marketplace. To explore the contract and begin procurement, view the Nelnet contract listing on Civic Marketplace, or contact Nelnet at AccessibilityWorkRequest@nelnet.net.
About Nelnet Government Services
Nelnet Government Services (NYSE: NNI) helps public sector organizations achieve and maintain digital accessibility compliance while creating more inclusive experiences for the people they serve. Our U.S.-based accessibility team partners with agencies to assess, remediate, monitor, and govern digital content, websites, applications, and documents. Through accessibility assessments, remediation services, training, reporting, and ongoing compliance support, we help agencies build sustainable accessibility programs that reduce risk, increase access, and improve service delivery. See Nelnet’s digital accessibility services at Nelnet.com.
About Alliance for Innovation
AFI is a nonprofit association of governments dedicated to fostering innovation and excellence in local government. AFI assists local governments in implementing innovative solutions to enhance efficiency, service delivery, and community impact. The organization emphasizes strategic thinking, emerging technologies, and best practices to equip public agencies with the knowledge and support to address evolving challenges.
AFI offers various programs, including innovation academies, workshops, and a comprehensive knowledge network that allows local governments to share success stories and lessons learned. It hosts annual conferences and webinars that unite municipal leaders, industry experts, and academic researchers to explore trends in governance, sustainability, civic engagement, and operational improvements. By promoting a culture of innovation, AFI empowers local governments to be more adaptive, resilient, and responsive to the needs of their communities, ultimately enhancing the quality of life for citizens nationwide.
About Civic Marketplace
Civic Marketplace is the AI procurement platform built for local governments and free for every SLED entity to use. By removing cost as a barrier, we make it easier for cities, counties, and school districts to modernize how they buy goods and services without adding strain to already tight budgets.
Our platform connects government buyers to a network of pre-approved suppliers, ensuring every contract meets compliance and quality standards from the start. We’re especially committed to expanding access for historically underutilized businesses, helping local governments support regional suppliers and strengthen the communities they serve.
Procurement doesn’t have to be slow, complicated, or expensive. Civic Marketplace is backed by venture investment and built to prove it. Learn more at civicmarketplace.com.
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SOURCE Nelnet Government Services
B&R Technology Merger Corp. Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing September 10, 2026
Georgia Power encourages customers to take action during National Preparedness Month
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