Digitization has become the key to unlock newer opportunities in almost every industry and is gaining a strategic edge in a rapidly-changing business ecosystem. A survey by Fujitsu of the C-suite decision- makers revealed that 98% of the correspondents believe that digital innovation has disrupted their organization. Furthermore, 77% of the respondents considered innovating more quickly as a necessity, while 67% of them considered partnering with technology experts as a necessity for growth. Product lifecycle management (PLM) is a system, which helps organizations manage the series of changes in a product’s lifecycle, starting from its design and development to its ultimate disposal. However, the growth in the adoption of smart connected products, due to the adoption of the IoT technology, is pursuing the manufacturers to integrate the mechanical and electronic components with software solutions. the increased adoption of Industrial IoT (IIoT) in the production process is aiding the market demand for software applications, and IIoT adoption is expected to skyrocket over the forecast period. For instance, according to GSMA Intelligence, the number of IIoT connected objects is expected to reach 13.7 billion by 2025.

1. INTRODUCTION 

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY 

4. MARKET INSIGHTS 

5. MARKET DYNAMICS 

6. MARKET SEGMENTATION 

7. COMPETITIVE LANDSCAPE 

8. INVESTMENT ANALYSIS

9. FUTURE OF THE MARKET