PLM Statistics 2024 – Everything You Need to Know

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Are you looking to add PLM to your arsenal of tools? Maybe for your business or personal use only, whatever it is – it’s always a good idea to know more about the most important PLM statistics of 2024.

My team and I scanned the entire web and collected all the most useful PLM stats on this page. You don’t need to check any other resource on the web for any PLM statistics. All are here only 🙂

How much of an impact will PLM have on your day-to-day? or the day-to-day of your business? Should you invest in PLM? We will answer all your PLM related questions here.

Please read the page carefully and don’t miss any word. 🙂

Best PLM Statistics

☰ Use “CTRL+F” to quickly find statistics. There are total 56 PLM Statistics on this page 🙂

PLM Market Statistics

  • The PLM market grew to $47.8 billion overall in 2018 (9.4% growth over 2017). [0]
  • For 2018, EMEA had 33.4% of the PLM market, with the Americas at 37.8%, and Asia. [0]

PLM Software Statistics

  • Cloud Computing Cloudhosted services will hold nearly 50% of all organizational level software use amongst manufacturers by the year 2024. [1]

PLM Latest Statistics

  • Edit update information according to CRAN release 1.6. [2]
  • Available to download in PNG, PDF, XLS format 33% off until Jun 30th. [3]
  • 4 hours ago Stocks climb at open S&P jumps 1.1%, Nasdaq up 1.4% News • 4 hours ago. [4]
  • What investors can learn from the carnage in SPACs Breaking News • 5 hours ago US GDP unexpectedly contracted at a 1.4% annualized rate in Q1 (+1.0% expected). [4]
  • % Held by Insiders 171.38% %. [4]
  • Short % of Float 40.63% Short % of Shares Outstanding 40.58%. [4]
  • 5 Year Average Dividend Yield 4N/A Payout Ratio 40.00%. [4]
  • Profitability Profit Margin 0.00% Operating Margin. [4]
  • The younger woman is predicted to have a low probability of pain. [5]
  • The model predicts a 64% chance that the man will experience pain. [5]
  • Defaults to 0.95, which corresponds to a 95 percent confidence interval. [6]
  • The percent change in theincident rate of num_awards is 100 × % ≈ 7 % for every unit increase in math, holding other variables constant. [7]
  • In the output above, we see that the predicted number of events for level 1of prog is about .21, holding math at its mean. [7]
  • The predictednumber of events for level 2 of prog is higher at .62, and the predictednumber of events for level 3 of prog is about .31. [7]
  • Note that thepredicted count of level 1 of prog is =. [7]
  • 0.6908 times thepredicted count for level 3 of prog. [7]
  • Below we will obtain the averaged predicted counts for values of maththat range from 35 to 75 in increments of 10, using a data step and the scorestatement of proc plm. [7]
  • The table above shows that with prog at its observed values and math held at 35 for all observations, the average predicted count is about .13; whenmath = 75, the average predicted count is about 2.17. [7]
  • If we compare the predicted counts at math = 35 and math = 45, we can see that the ratio is =. [7]
  • The Americas region is forecast to grow at a CAGR of 8.3% to reach $26.7 billion in 2024. [0]
  • EMEA and AP will have CAGRs of 8.3% and 8.6% respectively. [0]
  • 11.39% of the U.S. GDP the overall output of the American economy is from manufacturing. [1]
  • This number remains in the 11 14% range, regardless of which decade you look at. [1]
  • A general number that will paint the picture perfectly in the 1950s, manufacturing jobs were 30% of the United States’ workforce. [1]
  • They now account for about 9%. [1]
  • They export $2,643,377 million (18.4% of their gross domestic product). [1]
  • worth of manufactured goods every year compared to the United States total of $2,498,032 million (11.7% of our gross domestic product). [1]
  • About 66% of all manufacturing enterprises, across 17 nations, are already implementing cloud. [1]
  • By monitoring machine utilization saving energy when the machine isn’t needed, maximizing output when it is it is estimated that IoT applications will increase manufacturing productivity growth by anywhere from 10. [1]
  • According to our friends at the U.S. Bureau of Labor Statistics , there are currently about 12.2 million people employed in the U.S. manufacturing industry in 2021. [1]
  • Employment in the manufacturing sector in 2020 was 9.6% less than it was in 2006. [1]
  • Overall manufacturing has equated to about 11% to 14% of real GDP since the 1940s, but the share of employment in the economy has not been so lucky. [1]
  • 30% or more of all jobs in America were in manufacturing!. [1]
  • Manufacturing’s share of U.S. employment sunk below 10% in 2010 and will likely never rise above that mark again. [1]
  • Some estimates expect the employment in production related sectors to decline by as much as 4% more from 2019 to 2029. [1]
  • Specifically metal and plastic machine workers can plan on about 7% of their jobs disappearing in the next ten years, and assemblers/fabricators can expect an 11% decline in job losses over the same time period. [1]
  • Currently, 8.5% of all manufacturing workers are members of a union. [1]
  • 9.3% of all manufacturing workers are represented by a union. [1]
  • Unemployment rates for manufacturing jobs sit around 5.2% today. [1]
  • Two peaks of 12.5% or higher unemployment took place in 2009/2010 as well as more recently in 2020 with the coronavirus pandemic keeping people out of work. [1]
  • In 2019, 3.4% of the U.S. workforce worked from home, or remotely. [1]
  • By the end of 2020 that number skyrocketed to 88%. [1]
  • At its recent peak, U.S. manufacturing was 4.4% more productive from 2000 2007 than it was in the ten years prior to that. [1]
  • This is saying something because, in those ten years , the industry was 3.8% more productive than the years prior. [1]
  • The industry was a mere .4% more productive in those years. [1]
  • For instance, nonfarm business sector productivity enjoys a constant 1.5 2.8% gain in almost every decade since the 1940s. [1]
  • Ford generated revenue growth of 3.28% in 2017. [1]
  • Apple made $229,234 million in revenue in 2017 while it grew revenue by 6.30%. [1]
  • In 2017, Exxon Mobil Corp. made $244,363 million while growing its revenue by 8.08% due to its successes in manufacturing commodity petrochemicals as well as the production, transportation, and sale of crude oil and natural gas. [1]
  • Well, according to the Bureau of Economic Analysis 579,811 is the number of manufacturing businesses in the United States as of 2021 early reports. [1]
  • This is a .7% decline from the year prior. [1]
  • 11.39% of the U.S. economy is manufacturing. [1]
  • This number has remained in the 11 14% mark since the dawn of manufacturing and is estimated to continue although the total number of jobs is dwindling. [1]

I know you want to use PLM Software, thus we made this list of best PLM Software. We also wrote about how to learn PLM Software and how to install PLM Software. Recently we wrote how to uninstall PLM Software for newbie users. Don’t forgot to check latest PLM statistics of 2024.

Reference

  1. businesswire – https://www.businesswire.com/news/home/20190905005360/en/Global-Product-Lifecycle-Management-PLM-Market-Report-2019—ResearchAndMarkets.com.
  2. propelplm – https://www.propelplm.com/blog/american-manufacturing-statistics.
  3. stackoverflow – https://stackoverflow.com/questions/39864305/waldtest-in-r-to-get-adjust-f-statistic-with-plm-and-result-shown-with-stargazer.
  4. statista – https://www.statista.com/statistics/796151/worldwide-product-lifecycle-management-engineering-software-market/.
  5. yahoo – https://finance.yahoo.com/quote/PLM/key-statistics/.
  6. sas – https://blogs.sas.com/content/iml/2019/02/11/proc-plm-regression-models-sas.html.
  7. rdrr – https://rdrr.io/cran/broom/man/tidy.plm.html.
  8. ucla – https://stats.oarc.ucla.edu/sas/dae/poisson-regression/.

How Useful is Plm

One of the key benefits of PLM is its ability to streamline the entire product development process. By providing a centralized platform for managing all the data and information related to a product’s lifecycle, PLM helps teams collaborate more effectively, improve communication, and reduce the risk of errors. This leads to faster time-to-market, increased innovation, and overall improved product quality.

Additionally, PLM allows organizations to track and manage changes throughout the product lifecycle. This is particularly important in industries where product design is complex and requires multiple iterations. PLM ensures that all changes are documented, approved, and implemented correctly, helping to avoid costly mistakes and ensure compliance with regulations.

Furthermore, PLM can help businesses better understand their products and processes. By analyzing data captured by the system, organizations can identify areas for improvement, optimize their operations, and make more informed decisions. This visibility into the product development process can lead to cost savings, increased efficiency, and a competitive advantage in the market.

In today’s fast-paced and competitive business environment, agility is key. PLM can help organizations adapt to changing market demands, customer preferences, and regulatory requirements more efficiently. By providing real-time access to critical information, enabling rapid prototyping and simulations, and facilitating collaboration across teams and departments, PLM empowers businesses to respond quickly to market shifts and stay ahead of the competition.

Furthermore, as businesses strive to become more sustainable and environmentally conscious, PLM can play a crucial role in ensuring that products are designed, manufactured, and disposed of in an environmentally responsible manner. By considering sustainability factors throughout the product lifecycle, organizations can reduce their environmental impact, lower costs, and build a positive brand image among consumers.

While the benefits of PLM are clear, it is important to note that successful implementation requires more than just a software solution. Organizations must invest in training, change management, and ongoing support to fully leverage the potential of PLM. Additionally, companies must be willing to adapt their processes, workflows, and organizational structures to align with the capabilities of the system.

In conclusion, PLM is a powerful tool that can transform the way businesses manage their product lifecycles. From streamlining processes and improving collaboration to enhancing visibility and driving innovation, PLM offers a wide range of benefits that can help organizations become more agile, competitive, and sustainable. By understanding the value of PLM and investing in its successful implementation, businesses can position themselves for long-term success in today’s dynamic business landscape.

In Conclusion

Be it PLM benefits statistics, PLM usage statistics, PLM productivity statistics, PLM adoption statistics, PLM roi statistics, PLM market statistics, statistics on use of PLM, PLM analytics statistics, statistics of companies that use PLM, statistics small businesses using PLM, top PLM systems usa statistics, PLM software market statistics, statistics dissatisfied with PLM, statistics of businesses using PLM, PLM key statistics, PLM systems statistics, nonprofit PLM statistics, PLM failure statistics, top PLM statistics, best PLM statistics, PLM statistics small business, PLM statistics 2024, PLM statistics 2021, PLM statistics 2024 you will find all from this page. 🙂

We tried our best to provide all the PLM statistics on this page. Please comment below and share your opinion if we missed any PLM statistics.

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