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Global IoT Market in Product Lifecycle and Asset Management 2017-2021

Global IoT Market in Product Lifecycle and Asset Management 2017-2021

About IoT in Product Lifecycle and Asset Management

IoT is defined as a network that connects all the devices related to the industry, such as sensors, actuators, transmitters, microcontrollers, and microprocessors. PLM is the process of managing the entire lifecycle of a product starting with the concept and ideation, to engineering and design, manufacturing, post-sale services, and finally the disposal of products. AM is about tracking and managing the costs associated with the asset lifecycles.

Technavio’s analysts forecast the global IoT market in product lifecycle and asset management to grow at a CAGR of 19.65% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global IoT market in product lifecycle and asset management for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global IoT Market in Product Lifecycle and Asset Management 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • IBM
  • PTC
  • RapidValue
  • SAP
  • Siemens
Other prominent vendors
  • Accenture
  • Aberdeen
  • Alcatel-Lucent
  • AT&T
  • Cisco Systems
  • KloudData
  • Tego
  • Pega
Market driver
  • Large-scale funding for IoT across the world
  • For a full, detailed list, view our report
Market challenge
  • Interoperability issues
  • For a full, detailed list, view our report
Market trend
  • Evolution of predictive maintenance with IoT
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global IoT Market in Product Lifecycle and Asset Management 2017-2021

Technavio recognizes the following companies as the key players in the global IoT market in product lifecycle and asset management: IBM, PTC, RapidValue, SAP, and Siemens.

Other Prominent Vendors in the market are: Accenture, Aberdeen, Alcatel-Lucent, AT&T, Cisco Systems, KloudData, Tego, and Pega.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is evolution of predictive maintenance with IoT. Predictive maintenance is a technology that helps in reducing operational and capital costs. It facilitates the more efficient use of repair resources by proactive servicing and repair of assets. The process of predictive maintenance collects and analyzes massive quantities of data to predict faults and errors outside the normal tolerance range.”

According to the report, one driver in the market is large-scale funding for IoT across the world. Governments across the world have realized the true potential of IoT and are taking progressive steps in encouraging developments in the field of IoT. The countries that top the list of promoting the use of IoT technology are the US, the UK, China, South Korea, India, France, and Germany. The UK government's initiative to improve the nation's competitiveness in the field of IoT and increased adoption of high-quality IoT technologies and services by businesses is increasing the demand for the deployment of IoT solutions.

Further, the report states that one challenge in the market is interoperability issues. Interoperability is the core value that the Internet connectivity must have in a connected system environment. Interoperability was vital to the extent that early Internet equipment vendors were called interops. An interoperable environment enables an IoT device to openly connect with other devices and exchange information as desired. Interoperability of IoT devices takes place at different layers in varying degrees within the communications protocol between devices.

Companies Mentioned

IBM, PTC, RapidValue, SAP, Siemens, Accenture, Aberdeen, Alcatel-Lucent, AT&T, Cisco Systems, KloudData, Tego, and Pega.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Global IoT market in product lifecycle and asset management overview
      • Table Opportunities created by integration of IoT with plant lifecycle and asset management
    • Market size and forecast
      • Table Global IoT market in product lifecycle and asset management 2016-2021 ($ billions)
      • Table Business benefits of adopting IoT-enabled product lifecycle and asset management systems
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by solution
    • Global IoT market in product lifecycle and asset management by solution
      • Table Global IoT market in product lifecycle and asset management by solution 2016 (% revenue
    • Global IoT market in product lifecycle and asset management by solution
      • Table Global IoT market in product lifecycle and asset management by solution 2021 (% revenue)
    • Global IoT software market in product lifecycle and asset management
      • Table Global IoT software market in product lifecycle and asset management 2016-2021 ($ billions)
    • Global IoT services market in product lifecycle and asset management
      • Table Global IoT services market in product lifecycle and asset management 2016-2021 ($ billions)
    • Global IoT hardware market in product lifecycle and asset management
      • Table Global IoT hardware market in product lifecycle and asset management 2016-2021 ($ billions)
  • Market segmentation by end-user
    • Global IoT market in product lifecycle and asset management by end-users
      • Table Global IoT market in product lifecycle management and asset management by end-users 2016-2021 (% revenues)
    • Global IoT market in product lifecycle and asset management in aerospace and defense industry
      • Table Global IoT market in product lifecycle and asset management in aerospace and defense industry 2016-2021 ($ billions)
      • Table Value stream across aerospace and defense industry
      • Table Advantages of product lifecycle and asset management in aerospace and defense industry
      • Table Industry leader's perspective of digitalization and adoption of IoT in systems
    • Global IoT market in product lifecycle and asset management in pharmaceutical industry
      • Table Global IoT market in product lifecycle and asset management in pharmaceutical industry 2016-2021 ($ billions)
      • Table Applications of IoT in pharmaceutical manufacturing and supply chain
    • Global IoT market in product lifecycle and asset management in automotive industry
      • Table Global IoT market in product lifecycle and asset management in automotive industry 2016-2021 ($ billions)
    • Global IoT market in product lifecycle and asset management in power industry
      • Table Global IoT market in product lifecycle and asset management in power industry 2016-2021 ($ billions)
    • Global IoT market in product lifecycle and asset management in other industries
      • Table Global IoT market in product lifecycle and asset management in other industries 2016-2021 ($ billions)
  • Regional landscape
    • Geographical segmentation
      • Table Global IoT market in product lifecycle and asset management 2016-2021– market size and forecast (% revenues)
    • Regional comparison
      • Table Regional comparison
    • Americas – market size and forecast
      • Table Americas – market size and forecast 2016-2021 ($ billions)
      • Table Americas – Year-over-year growth 2017-2021 (% growth)
      • Table Top 3 countries in Americas
    • EMEA – market size and forecast
      • Table EMEA – market size and forecast 2016-2021 ($ billions)
      • Table Investments in EMEA that will contribute to IoT market in product lifecycle and asset management
      • Table EMEA – Year-over-year growth 2017-2021 (% growth)
      • Table Top 3 countries in EMEA
    • APAC – market size and forecast
      • Table APAC – market size and forecast 2016-2021 (% revenue)
      • Table APAC – Year-over-year growth 2017-2021 (% growth)
      • Table Top 3 countries in APAC
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Security issues and solutions for IoT
  • Market trends
    • Evolution of predictive maintenance with IoT
    • Evolution of cloud-based technologies
    • Rising demand for Big Data analytics
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • IBM
      • Table IBM: Solutions and IoT zones
      • Table IBM: IoT solution
    • PTC
      • Table PTC: Software and solutions
      • Table PTC: IoT solution
    • RapidValue
      • Table RapidValue: Services and Enterprise solutions
      • Table RapidValue: IoT solution
    • SAP
      • Table SAP: Product portfolio
      • Table SAP: IoT solutions
    • Siemens
      • Table Siemens: Products and services
      • Table Siemens: IoT solution
      • Table Recent developments in the market
  • Appendix
    • List of abbreviations
  • Explore Technavio

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