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The cloud product lifecycle management (PLM) market size is forecast to increase by USD 1.38 billion at a CAGR of 6.78% between 2023 and 2028. The market is experiencing significant growth due to several key trends and factors. One of the primary drivers is the reduction in IT expenditure as cloud-based solutions offer cost savings through subscription models and elimination of hardware and maintenance costs. Another trend is the interlinking of cloud-based PLM systems with other business applications, enabling seamless data flow and improved collaboration. However, challenges persist in the form of cybersecurity and software privacy concerns, necessitating the security measures and compliance with data protection regulations. These factors, among others, are shaping the future growth of the Cloud PLM market.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Business Segment
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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