Product Lifecycle Management Market size to grow from USD 50.7 billion in 2019 to USD 73.7 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 7.8% during the forecast period according to report published by MarketsandMarkets . Major factors expected to drive the growth of the product lifecycle management market include growing focus on developing groundbreaking smart products and factories, increasing need to build product innovation platform would support product lifecycle management-enabled applications, and increasing demand for cloud-based product lifecycle management solutions for scalability and secure IT infrastructure. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=152565174 Based on component, services segment to record a higher growth rate than the software segment during the forecast period By component, the services segment is expected to grow at a higher rate than the software segment during the forecast period. The services segme...