"The FDA’s 21 CFR 820 incorporates requirements that ensure the safety and quality of a device in every phase of its development. Although these phases (pre-clinical, clinical, etc.) appear to be distinct, in fact, they overlap. The FDA applies a “Total Product Life Cycle (TPLC)” approach in enforcement and it also maintains a TPLC database, which provides premarket and post-market data about medical devices. Medical device manufacturers are motivated to use product lifecycle management solutions because of the complexity of the development process, especially within the context of a total product lifecycle approach."

The article cited AMA's "Global Product Lifecycle Management Software Market Study" explored CAGR of 8.1%. According to the report, Integration of Product Lifecycle Management Solutions With the Internet of Things Platforms is one of the primary growth factors for the market. The RIsing Focus on Developing Groundbreaking Smart Products and Factories is also expected to contribute significantly to the Product Lifecycle Management Software market growth. Overall, applications of Product Lifecycle Management Software, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Industry Vertical, such as Automotive, is boosting the Product Lifecycle Management Software market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Organisation Size, such as Small and Medium Enterprises (SMEs), is boosting the Product Lifecycle Management Software market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Deployment Model, such as Cloud-Based, is boosting the Product Lifecycle Management Software market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Service Type, such as Managed Services, is boosting the Product Lifecycle Management Software market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Product Lifecycle Management Software market identified that the demand is rising in many different parts of the world as "Leveraging Innovative Technologies to Streamline the New Product Development Process ". Furthermore, some recent industry insights like "In May 2019, Shenzhen Huijie Group (China), a leading intimates company in China, has successfully implemented Centric Software’s (subsidiary of Dassault System Company) Product Lifecycle Management (PLM) solution. Centric Software provides the most innovative enterprise solutions to fashion, retail, footwear, outdoor, luxury and consumer goods companies to help them achieve their strategic and operational digital transformation goals." is constantly making the industry dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Product Lifecycle Management Software market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Product Lifecycle Management Software market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Have a look at complete Table of Content: Global Product Lifecycle Management Software Market Study

Data Triangulation
The overall Product Lifecycle Management Software market size is calculated using market estimation process, the Product Lifecycle Management Software market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Product Lifecycle Management Software market size has been validated using both top-down and bottom-up approaches.