PLM CP&R Market – Snapshot
The global Product Lifecycle Management Consumer Packaged Goods & Retail (PLM CP&R) market is projected to be driven by expansion in the consumer electronics industry. According to TMR analysis, the global consumer electronics industry has witnessed significant Y-o-Y growth at the rate of around 7% in 2017, in terms of revenue. The consumer electronics industry in Asia is expanding at a rapid pace. Rise in disposable income and increase in population are driving demand for consumer electronics. India had a population of 1,314 million in 2015, and it is anticipated to reach 1,530 million by 2030.
A rise in the population is expected to create opportunities for the personal and portable consumer electronics market. The expanding consumer electronics industry would need process automation, thus creating attractive opportunities for PLM solution providers.
Additionally, the use of PLM as a strategic enabler is revolutionary for companies. Most retail, footwear, and apparel companies have ‘revenue growth’ as their corporate strategic goal. It is achieved through continuous product innovations, for which, robust product development integrated with PLM is a must. Companies need to deploy strategies such as high stock keeping unit (SKU) counts and global collaboration to keep a pace with rapidly changing customer demands. However, these strategies can make innovative processes and systems appear like a barrier. PLM is used as a strategic enabler as it helps transform processes and people. It enables technology for driving digitalization in order to support businesses in achieving innovation-driven revenue growth through an innovative, cost-effective, and time saving product management process.
Expansion in the PLM CP&R market is coupled with a rise in demand for product lifecycle management (PLM). The consumer packaged goods (CPG) and retail industries are increasingly seeking sophisticated technological innovations in key areas of their operations such as design, fabrication/manufacture, and merchandise pricing, with an aim to retain competitive advantage. This, in turn, is augmenting demand for PLM solutions.
Significant investment in the Asian food & beverage industry is creating lucrative market opportunities for PLM solution providers. Sales growth in the Asian food & beverage industry is expected to be rapid in the near future, aggregating to 8% to 9% by 2018. Retail sales in Asia are anticipated to rise to over US$ 10 Trn by 2018. The retail market in China is expected to contribute significantly to revenue share by 2018. This significant growth across Asia is likely to increase the need for digitization. Demand for digital processes such as product lifecycle management, process automation, and data analytics is estimated to increase. This, in turn, is projected to drive the PLM market from 2018 to 2026.
The global PLM CP&R market has been segmented based on technology, deployment, industry, and region. In terms of technology, the global PLM CP&R market has been classified into formula design and management, laboratory information management, artwork & labeling, CAD/CAM/CAE, simulation & test, PDM/cPDM/PLM, eCAD/EDA, application lifecycle management, digital manufacturing/plant simulation, MOM: MES, quality, advanced planning & scheduling, iOT (Consumer and Industrial), and RAD. Based on deployment, the global PLM CP&R market has been categorized into enterprise, cloud, and SaaS. In terms of industry, the global PLM CP&R market has been divided into consumer packaged goods, consumer goods, apparel, footwear & accessories, and retail.
Based on region, the global PLM CP&R market has been segmented into the Americas, Europe, Middle East & Africa (EMEA), and Asia. The report provides in-depth segment analysis of the global PLM CP&R market, thereby providing valuable insights at the macro as well as micro levels.
In terms of region, the Americas is projected to lead the global PLM CP&R market during the forecast period. In the Americas, a revolutionary shift has been observed toward ‘Factory 4.0 or Digital Factory.’ The technology helps in reducing costs through process simplification, operations flexibility, accelerating process to process alterations, tracking products across the lifecycle, and quality improvement. It also enables better interaction and collaboration through constant information sharing. The region is expected to dominate the global PLM CP&R market in the coming years. The market in Europe, Middle East & Africa is also expected to expand at a steady pace during the forecast period. The PLM CP&R market in Asia is anticipated to expand at a rapid rate. China is expected to be a prominent country of the PLM CP&R market in Asia, followed by India. The presence of a large number of large and small scale enterprises in these countries is expected to boost the market. The market in Japan is expected to contribute significantly to revenue.
The global PLM CP&R market is largely driven by the adoption of new technology across industries and the move toward automation. Key players profiled in the report include Accenture, IBM Corporation, Oracle Corporation, SAP S.E., Dassault Systems, Autodesk Inc., HP Inc. Dell, Cisco Systems, Inc., 10ZiG Technology, Acer Inc., and Advantech Co., Ltd.
PLM CP&R Market: Overview
This comprehensive report by Transparency Market Research analyzes and provides market growth forecasts for the product lifecycle management consumer packaged goods & retail (PLM CP&R) market at the global and regional level. The report provides an analysis of the global PLM CP&R market for the period 2016 to 2026, wherein 2018 to 2026 is the forecast period and 2017 is the base year. Data for 2016 is provided as historical information. The report covers all the major trends influencing the growth of the PLM CP&R market over the forecast period. It also highlights various drivers, restraints, and opportunities expected to affect the market’s growth during this period. The study provides a complete perspective on the PLM CP&R market in terms of revenue (US$ Mn), across different geographical regions namely the Americas, Europe, Middle East & Africa (EMEA), and Asia. The report would help manufacturers, suppliers, and distributors understand the current and future trends in the market and formulate their strategies accordingly. The report also includes an ecosystem analysis of the PLM CP&R market.
PLM CP&R market estimates have been analyzed by taking into account the impact of different political, social, economic, technological, and legal factors along with the current market dynamics affecting the market growth.
Global PLM CP&R Market: Scope of the Report
The global PLM CP&R Market has been segmented based on technology, deployment, industry, and region. In terms of technology, the market has been classified into formula design and management, laboratory information management, artwork & labeling, CAD/CAM/CAE, simulation & test, PDM/cPDM/PLM, eCAD/EDA, application lifecycle management, digital manufacturing/plant simulation, MOM: MES, quality, advanced planning & scheduling, iOT (Consumer and Industrial), and RAD. Based on deployment, the market has been categorized into enterprise, cloud, and SaaS. In terms of industry, the market has been divided into consumer packaged goods, consumer goods, apparel, footwear, & accessories, and retail. Based on region, the market has been segmented into the Americas, Europe, Middle East & Africa, and Asia. The report provides in-depth segment analysis of the global PLM CP&R Market, thereby providing valuable insights at the macro as well as micro levels.
The report also includes competitive profiling of key players operating in the PLM CP&R market around the globe. The important business strategies adopted by leading players, their market positioning, key competitors, financials, and recent developments have been identified in the research report. The competitive landscape section of the report provides an overview about the presence and activities of key players in various regions/countries. It also mentions key strategies adopted by players in order to strengthen their market position in the future.
Global PLM CP&R Market: Research Methodology
The research methodology is a perfect combination of primary research, secondary research, and expert panel reviews. Secondary sources such as annual reports, company websites, SEC filings and investor presentations, internal and external proprietary databases, statistical databases, relevant patent and regulatory databases, market reports, government publications, World Bank database, and industry white papers are usually referred to for developing preliminary market understanding. Further, for this report, we have specifically focused on data from various industry bodies.
Primary research involves telephonic interviews, e-mail interactions, and face-to-face interviews for detailed and unbiased reviews on the PLM CP&R market, across geographies. Primary interviews are usually conducted on an ongoing basis with industry experts and participants in order to get the latest market insights and validate the existing data and analysis. Primary interviews offer new and fresh information on important factors such as market trends, Market Value, competitive landscape, growth trends, etc.. These factors help to validate and strengthen secondary research findings. Moreover, the data collected and analyzed from secondary and primary research is again discussed and examined by our expert panel.
Global PLM CP&R Market: Competitive Dynamics
Key market players include Accenture, IBM Corporation, Oracle Corporation, SAP S.E., Dassault Systems, Autodesk Inc., HP Inc. Dell, Cisco Systems, Inc., 10ZiG Technology, Acer Inc., and Advantech Co., Ltd. Details such as financials, business strategies, key competitors, geographical presence along with other relevant information pertaining to these players have been duly provided as a part of the company profiles.
The PLM CP&R market has been segmented as below:
Market Segmentation: Global PLM CP&R Market
- Formula Design and Management
- Laboratory Information Management
- Artwork & Labeling
- Simulation & Test
- Application Lifecycle Management
- Digital Manufacturing/Plant Simulation
- MOM: MES, Quality, Advanced Planning & Scheduling
- iOT (Consumer and Industrial)
By Deployment Type
- Consumer Packaged Goods
- Food and Beverage
- Home & Personal Care
- Consumer Goods
- Sporting Goods & Toys
- Appliances & Tools
- Home & Office Goods
- Wearable Devices
- Apparel, Footwear & Accessories
In addition, the report provides analysis of the PLM CP&R market with respect to the following geographic segments:
- Rest of Americas
- Europe, Middle East & Africa
- Rest of Europe, Middle East & Africa
- Australia & New Zealand
- Rest of ASEAN
- Rest of Asia