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Product Lifecycle Management Market worth $58.52 billion by 2031 | Report by MarketsandMarkets™

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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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About MarketsandMarkets™ 

MarketsandMarkets™ has been recognized as one of America’s Best Management Consulting Firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.

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Built on the ‘GIVE Growth’ principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.

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Artprice News: D-12 | 18th LYON BIENNALE – CONTEMPORARY ART

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17 & 18 SEPTEMBER FOR PROFESSIONALS, 
OPEN TO ALL FROM 19 SEPTEMBER

PARIS, Sept. 7, 2026 /PRNewswire/ — Twelve days before opening to the public, the 18th Lyon Biennale – Contemporary Art is preparing to welcome artists, contemporary art professionals, collectors, institutions and members of the international art community for two professional preview days, on Thursday 17 and Friday 18 September 2026.

Then, from Saturday 19 September, the Biennale will open its doors to everyone for nearly three months of exhibitions across 11 venues in Lyon and its metropolitan area, until 13 December 2026.

17 & 18 SEPTEMBER – TWO DAYS DEDICATED TO CONTEMPORARY ART PROFESSIONALS

Ahead of its public opening, the Biennale de Lyon invites the French and international art community to two professional preview days offering an exclusive first look at its 18th edition.

Artists, curators, gallerists, directors of museums and art centres, collectors, and professionals working in cultural institutions, production, mediation, communications and research are invited to join us in Lyon on 17 and 18 September.

Professional accreditation includes:

exclusive access to the exhibition venues during the professional preview days on 17 and 18 September;access to the opening reception of the 18th Lyon Biennale – Contemporary Art, on Friday 18 September at Les Grandes Locos;access to all Biennale venues during the first two days of the public opening, on 19 and 20 September.

Accreditation is personal and mandatory for access to the professional preview days. Applications are open through Wednesday 16 September 2026 inclusive.

Apply for professional accreditation: https://www.labiennaledelyon.com/espaceprofessionnel/accreditation-faq 

Professional Days programme: https://www.labiennaledelyon.com/espaceprofessionnel/journees-professionnelles-programme?compact=1 

Meetings, conversations with artists, opportunities for exchange and professional events will punctuate these two days. The programme notably includes international encounters and networking sessions at Les Grandes Locos, as well as a series of conversations bringing together artists and professionals from different international art scenes.

Professional Office contact

pros@labiennaledelyon.com 
+33 (0)4 27 46 65 67

FROM 19 SEPTEMBER – THE BIENNALE OPENS TO EVERYONE

From Saturday 19 September to Sunday 13 December 2026, the 18th Lyon Biennale – Contemporary Art invites audiences to discover a new artistic map of Lyon and its metropolitan area.

Entitled “Passer d’un rêve à l’autre / To pass from one dream to another”, this 18th edition is under the artistic direction of Isabelle Bertolotti and curated by Catherine Nichols.

Inspired by Lyon’s traboules — passageways that lead through courtyards and buildings, connecting one space to another — the Biennale explores the ways in which we can move from one mode of perception to another and, perhaps, from one collective dream to another.

Drawing on the history of Lyon as a city of trade, production, circulation and exchange, this edition examines the economies that organise our lives: the ways in which human and more-than-human beings acquire, transform, share and circulate the material and immaterial resources that enable them to live.

11 VENUES TO EXPERIENCE THE CITY DIFFERENTLY

With 120 artists and 11 exhibition venues, this year’s Biennale extends far beyond a traditional museum itinerary. Cultural institutions, heritage sites, former industrial spaces, public spaces and places of transit form a geography to be discovered across the city and metropolitan area:

Les Grandes LocosMusée d’art contemporain de Lyon – macLYONMusée des Tissus et des Arts décoratifsTraboules des pentes de la Croix-RousseJardin du Musée des Beaux-ArtsIAC – Institut d’art contemporain / Frac Rhône-AlpesMusée des ConfluencesFondation BullukianParking LPA Saint-AntoineMetro Line B – Gare Part-Dieu stationCour des Loges, A Radisson Collection Hotel

Three venues form the principal anchors of this edition: Les Grandes Locos, macLYON and the Musée des Tissus et des Arts décoratifs.

At Les Grandes Locos, the industrial scale of the site resonates with questions of production, transformation, extraction and circulation. At macLYON, the exhibition explores more closely the conditions of existence, life and death, inheritance and debt. At the Musée des Tissus, the works examine forms of relationship, care and exchange.

Around these three major hubs, the Biennale spreads throughout the city, taking over artistic institutions, heritage sites and everyday spaces alike.

LYON: A CITY-WIDE ARTISTIC EXPERIENCE

For nearly three months, the Biennale invites audiences to see Lyon differently.

Entering a museum, walking through a traboule, encountering an artwork in a former railway-industrial site, a garden, a car park or a metro station: the itinerary turns the city itself into one of the territories of the exhibition.

With this 18th edition, the Biennale de Lyon reaffirms more strongly than ever its mission: to make contemporary art an experience of encounter, circulation and sharing, open to everyone.

PRACTICAL INFORMATION

18th Lyon Biennale – Contemporary Art: “Passer d’un rêve à l’autre / To pass from one dream to another”

Artistic Director: Isabelle Bertolotti

Guest Curator: Catherine Nichols

General Director, Biennale de Lyon: Cécile Bourgeat

Professional Preview Days: 17 & 18 September 2026

Opening reception: 18 September 2026 at 6:30 pm, by invitation

Public opening: 19 September 2026

Exhibition: 19 September to 13 December 2026

11 exhibition venues in Lyon and its metropolitan area
120 artists

400 works

Professional accreditation open through 16 September 2026 inclusive.

Public ticketing: advance sales until 18 September, with the Biennale Pass available for €20 instead of €25.

Biennale de Lyon
https://www.labiennaledelyon.com

Images:
[https://imgpublic.artprice.com/img/wp/sites/11/2026/07/img1-BAC26_VISUEL_V.jpg]
[https://imgpublic.artprice.com/img/wp/sites/11/2026/07/img2-BIENNALE_LYON_BAC26_BLOC-MARQUE_EN_DATES.jpg]
[https://imgpublic.artprice.com/img/wp/sites/11/2026/07/LOGO-labiennaledelyon.jpg]

ANOTHER PASSAGE OPENS

Alongside its long-standing commitment to the Lyon Biennale, Artprice opens another passage — this time through language.
Dialogue Between a Thinker and AI, thierry Ehrmann’s 1,800-page open-access RAW typescript, places memory, art, humanism and artificial intelligence into circulation.
Not a product to consume, but a text to enter, explore and share.
The Codex is yours: https://www.dialoguebetweenathinkerandai.com/en/

About:

Artprice by Artmarket and La Demeure du Chaos/Abode of Chaos are partnering with the 18th Lyon Biennale, curated by Catherine Nichols and under the artistic direction of Isabelle Bertolotti.

This collaboration brings together two major players in the art world, both deeply rooted in Lyon while maintaining a strong international outlook. For more than forty years, the Lyon Biennale has supported the evolution of contemporary art and helped establish the Lyon metropolitan area as a leading platform for artists, art professionals, and audiences from around the world. Artprice, the global leader in art market information, has for many decades documented the transformations of the international art scene and the careers of the artists who shape it.

Contact:  Thierry Ehrmann, ir@artmarket.com

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Last-Minute Gift Delivery (2026): Same-Day Ideas for Birthdays, Flowers, and Small Gifts by Expert Consumers

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NEW YORK, Sept. 7, 2026 /PRNewswire/ — Expert Consumers has published a new review of last-minute gift delivery options, highlighting DoorDash as a practical choice for birthdays, flowers, celebrations, and other occasions when traditional shipping no longer fits the timeline.

Last-Minute Gift Delivery:

DoorDash – a local commerce platform offering same-day gift delivery from nearby florists, bakeries, grocery stores, beauty retailers, and other local businesses, with gifting features such as digital cards and personalized messages.

The review reflects a broader shift in on-demand delivery. Platforms once associated mainly with restaurant orders now connect consumers with a wider range of nearby products, giving last-minute shoppers another way to handle time-sensitive gifting without relying on multi-day shipping.

Why Is Local Delivery Useful for Last-Minute Gifts

Last-minute gifting often creates a fulfillment problem rather than a product-search problem. A suitable gift may be easy to find online, but standard shipping can make the purchase irrelevant if delivery falls after a birthday, celebration, milestone, or other occasion.

Expert Consumers notes that DoorDash uses a local-first model. Instead of starting with a nationwide product catalog and waiting for an item to move through a shipping network, shoppers can begin with the recipient’s delivery address and see what nearby participating businesses already have available.

That distinction can matter when only a few hours remain. Local availability provides a clearer picture of products with a realistic chance of arriving the same day, whether the need is flowers, dessert, a small retail gift, or a simple care package. Product selection varies by address, making the recipient’s location central to what can actually be ordered.

How Does DoorDash Same-Day Gift Delivery Work

After entering a delivery address, shoppers can browse participating florists, bakeries, grocery stores, beauty retailers, convenience stores, and other local merchants with available delivery windows. Eligible purchases can then be marked as gifts during checkout.

Gift orders may include recipient details, a digital card, and a personalized message. Scheduled delivery is also available from participating merchants, which can help when a birthday, anniversary, or another occasion is known earlier but delivery is still needed on a specific day. Order tracking provides additional visibility after checkout, particularly when a gift is expected before a dinner, celebration, or event.

Gifts may be delivered in as fast as 35 minutes*, although timing can be affected by store hours, distance, product availability, merchant preparation time, and local delivery demand.

*Delivery times vary by location. See app for estimate.

What Last-Minute Gifts Can Be Delivered Through DoorDash

Expert Consumers highlights several gift categories available through DoorDash that can work well when a birthday, celebration, or thoughtful gesture needs to come together quickly:

Flowers and plants: Bouquets and arrangements can suit birthdays, anniversaries, congratulations, sympathy gestures, host gifts, and other occasions. All florists offer same-day flower delivery.Cakes and bakery treats: Cakes, cupcakes, cookies, pastries, chocolates, and other sweets can work for birthdays, office celebrations, milestones, and thank-you gifts.Beauty and self-care gifts: Skincare, cosmetics, bath products, candles, and similar items can work for birthdays, get-well gifts, or simple pick-me-ups.Snacks and comfort items: Coffee, candy, drinks, groceries, and favorite snacks can form an informal care package for friends, family members, coworkers, or students.Retail gifts: Depending on nearby stores, options may include electronics, clothing, sporting goods, craft supplies, and products connected to hobbies or everyday interests.DoorDash gift cards: A digital gift card can provide a flexible fallback when timing is especially tight or the recipient’s preferences are difficult to predict.

The source review also shows how these categories can fit different last-minute situations. A birthday remembered around lunchtime may still leave time for flowers, cake, chocolates, or a small self-care gift. Someone recovering at home may appreciate soup, tea, snacks, flowers, or comfort items. Smaller occasions may call for cookies after a coworker’s promotion, favorite snacks for a student finishing exams, flowers for a host, or a treat after an important milestone.

Why Can DoorDash Be a Strong Fit for Urgent Gifting

For consumers comparing last-minute gift delivery options, DoorDash brings nearby inventory, estimated delivery timing, gift messaging, scheduled delivery where available, and order tracking into one platform. The range also means that a last-minute gift does not have to follow a traditional format. The most practical option can depend on the occasion, recipient, and products available nearby.

For birthdays remembered late, flowers needed before dinner, congratulations, get-well gestures, or other small moments worth recognizing, Expert Consumers finds that DoorDash offers a practical way to turn locally available products into same-day gifts when traditional shipping is no longer an option.

The full review can be read at the Expert Consumers website.

About DoorDash

DoorDash is one of the world’s leading local commerce platforms, helping businesses grow and connecting consumers with the best of their neighborhoods. Through its global portfolio, including Deliveroo and Wolt, DoorDash serves communities across more than 40 countries, delivering experiences that bring people together—from everyday moments to global celebrations.

About ExpertConsumers.org: Expert Consumers delivers news and insights on consumer products and services. As an affiliate, Expert Consumers may earn commissions from sales generated using links provided.

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SOURCE ExpertConsumers.org

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Hiring Intentions Strengthen Across APME as Net Employment Outlook Reaches +33% for Q4 2026, ManpowerGroup Survey Finds

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The seasonally adjusted Net Employment Outlook (NEO) for Q4 2026 in Asia Pacific and the Middle East (APME) stands at +33%, improving by five points quarter-over-quarter and four points year-over-year.The Information sector (+42%) reports the strongest NEO in Q4 2026, while Hospitality (+20%) reports the weakest NEO among sectors.Most employers report hiring timelines are unchanged (40%) or faster (31%) than in 2025, with better targeting of candidates (27%) cited as the leading driver.Early-career hiring remains resilient across APME, with 45% of employers increasing hiring over the past year, more than double the proportion reporting a decline (18%), while 36% report no change.

SINGAPORE, Sept. 8, 2026 /PRNewswire/ — Hiring intentions strengthened across APME heading into Q4 2026. Most employers also report filling vacancies at the same speed or faster than a year ago, according to the latest ManpowerGroup Employment Outlook Survey.

The survey of 12,794 employers across 11 APME countries and territories found that 46% plan to increase headcount in the coming quarter, 13% anticipate a decrease in staffing levels, while 40% expect no change.

Hiring sentiment improved across APME markets in Q4 2026, with most markets reporting quarter-over-quarter increases. India (+54%) continues to report the strongest hiring Outlook in the region, and globally, followed by UAE (+41%) which records the region’s strongest quarter-over-quarter improvement, rising 24 points from Q3 2026. Meanwhile, Japan (+7%) reports the most cautious Outlook in the region.

“The stronger Outlook across APME reflects employers’ continued focus on growth and transformation,” said François Lançon, Regional President, Asia Pacific & Middle East, ManpowerGroup. “Organizations are creating jobs as they expand, pursue new growth opportunities, and build the capabilities needed to keep pace with technological change. Increasingly, hiring decisions are being shaped by what businesses need to deliver now and to stay competitive next.”

View the full results: https://www.manpower.com.sg/en/meos-apme

About ManpowerGroup

ManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing, and managing the talent that enables them to win. Our expert family of brands – Manpower, Experis, and Talent Solutions – creates substantially more value for candidates and clients across more than 70 countries and territories and for more than 75 years.

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SOURCE ManpowerGroup

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