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PLM Market for Consumer Products and Retail End-Use Expected to Reach US$ 6.27 Bn by 2022 Globally

Posted on Dec 15, 2015

According to a new market report published by Transparency Market Research “Consumer Products and Retail Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2022,” the global PLM market for consumer products and retail end-use market, in terms of revenue, was valued at US$ 2.79 Bn in 2014 and is forecast to expand at a CAGR of 10.4% during the period 2015 to 2022. 

Browse the full Consumer Products and Retail Market By Consumer Sector (Footwear, Apparel, Durables (Sporting Goods and Furniture), Consumer Packaged Goods and Others (Toys, Jewelry and Electronic Consumer Appliances)); By PLM Component (Software (On-premise and Cloud-based} and Services {Consulting, Integration and Operation & Maintenance)); By PLM End-use Industry (Footwear, Apparel, Durables (Sporting Goods and Furniture), Consumer Packaged Goods and Others (Toys, Jewelry and Electronic Consumer Appliances)) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2022 report at http://www.transparencymarketresearch.com/consumer-products-retail-market.html
 

The shift from traditional end-use sectors to non-traditional end-use sectors such as retail and consumer products and packaged goods and the growth of modern grocery retail stores in emerging economies are the key factors driving the growth of PLM market for consumer products and retail end-use, globally. In addition, small and mid-sized companies are leveraging on cloud-based PLM solutions for high ROI and need for increases in productivity and product management among consumer and retail product manufacturers is further expected to drive the growth of this market over the forecast period.

consumer-products-retail-market

The global PLM market for consumer products and retail end-use by components category was dominated by the software segment with a market share of 46.2% in 2014. Globally, the demand for PLM software is driven by a reduction in time-to-market new products and reduction in operational cost. Rising demand for process automation, product data management, and integration with emerging tools such as analytics software would continue to fuel the growth of PLM software during the coming years. The share of on-premise PLM software market is forecast to expand at a moderate rate during the forecast period from 2015 to 2022. The cloud-based PLM software market segment is expected to have fastest growth during the forecast period from 2015 to 2022.

By end-use application sector, the consumer packaged goods sector, with over 46.4% share in 2014, was the largest segment in the overall PLM market for consumer products and retail end-use in terms of revenue. The adoption of PLM in the consumer products and retail industry is anticipated to rise significantly over the coming years. The increasing focus of retail companies on improving profitability and enhancing brand equity is aiding the growth of the PLM market in retail. During the recent years there has been significant rise in demand for PLM from the apparel industry, which is leading to the growth of overall PLM market. The footwear sector is expected to be the fastest=growing market for PLM solutions in consumer products and retail end-use.

North America led the global overall PLM market for consumer products and retail end-use market in 2014 with the share of about 35.7% in 2014. North America is the most significant market for PLM and its growth is majorly driven by the expansion of the PLM footprint in large enterprises, increasing adoption by SMEs, and penetration of PLM in new industries, such as consumer goods, retail, and telecom. Growing demand for features such as analytics and mobility would be the key trends in the North American PLM market. On account of new opportunities, the MEA and Latin America PLM market for consumer products and retail end-use is expected to expand at a CAGR of 17.2% and 15.9%, respectively, during the forecast period from 2015 to 2022.

The key PLM solution & service providers in the PLM market for consumer products and retail end-use are Dassault Systemes, PTC, Inc., Autodesk, Inc., SAP SE, Oracle Corporation, Gerber Scientific, Inc., Infor, Centric Software, Selerant Corporation, IBM Corporation, Accenture PLC, Atos SE, and Hewlett-Packard Company.

The Global Consumer Products and Retail Market has been segmented as follows:

Consumer Products and Retail Market, by Sector

  • Footwear
  • Apparel
  • Durables (Sporting Goods and Furniture)
  • Consumer Packaged Goods
  • Others (Toys, Jewelry, and Electronic Consumer Appliances)

Consumer Products and Retail Market, by Geography

  • North America
    • The U.S.
    • Rest of the North America
  • Europe
    • EU7 (U.K., Italy, Spain, France, Germany, Belgium, and Netherlands)
    • CIS
    • Rest of Europe
  • Asia Pacific (APAC)
    • Japan
    • China
    • South Asia (India, Pakistan, Bangladesh, & Sri Lanka)
    • Australasia (Australia, NZ, & New Guinea)
    • Rest of APAC
  • Middle East & Africa (MEA)
    • GCC Countries
    • North Africa
    • South Africa
    • Rest of MEA
  • Latin America
    • Brazil
    • Rest of the Latin America

PLM Market for Consumer Products and Retail End-use, by Component

  • Software (On-Premise Software and Cloud-based Software)
  • Services (Consulting, Integration, Operation, & Maintenance)

PLM Market for Consumer Products and Retail End-use, by Sector

  • Footwear
  • Apparel
  • Durables (Sporting Goods and Furniture)
  • Consumer Packaged Goods
  • Others (Toys, Jewelry, and Electronic Consumer Appliances)
     

PLM Market for Consumer Products and Retail End-use, by Geography

  • North America
    • The U.S.
    • Rest of the North America
  • Europe
    • EU7 (U.K., Italy, Spain, France, Germany, Belgium, and Netherlands)
    • CIS
    • Rest of Europe
  • Asia Pacific (APAC)
    • Japan
    • China
    • South Asia (India, Pakistan, Bangladesh, & Sri Lanka)
    • Australasia (Australia, NZ, & New Guinea)
    • Rest of APAC
  • Middle East & Africa (MEA)
    • GCC Countries
    • North Africa
    • South Africa
    • Rest of MEA
  • Latin America
    • Brazil
    • Rest of the Latin America
       

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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