Product Lifecycle Management Consumer Packaged Goods and Retail Market: Quantitative Market Analysis

According to a new market report pertaining to the Product Lifecycle Management Consumer Packaged Goods and Retail (PLM CP&R) Market published by Transparency Market Research, the PLM CP&R market (the Americas, Europe, Middle East & Africa and Asia) is projected to reach US$ 5,204.18 Mn by 2026, driven by an expansion in the consumer electronics industry worldwide. The market is projected to expand at a CAGR of 11.45% during the forecast period from 2018 to 2026.

Growth of the market is attributed to the high adoption automation in the Consumer Packaged Goods & Retail (CP& R) industries and high adoption of product lifecycle management (PLM) software. The Americas region is anticipated to lead the PLM CP&R market, followed by Asia and Europe, Middle East & Africa, during the forecast period. The PLM CP&R market is at an emerging stage and is anticipated to expand rapidly in the next few years.

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Growth of 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 rapidly. Rise in disposable income and increase in population are boosting 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 population is anticipated to present attractive expansion opportunities for the personal and portable consumer electronics industry. The expanding consumer electronics industry would need process automation, thus creating lucrative opportunities for PLM solution providers.

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PLM CP&R Market: Scope of the Report

The PLM CP&R market has been segmented based on technology, deployment, industry, and region. In terms of technology, the digital manufacturing/plant simulation segment is expected to dominate the global market in 2018, owing to the rising trend of digital factories.

The Americas led the PLM CP&R market, accounting for a substantial share in 2017. The U.S. is a major country of the PLM CP&R market in the region. The PLM CP&R market in Europe, Middle East & Africa and Asia is also expected to expand during the forecast period.

PLM CP&R Market: Competitive Dynamics

The research study includes profiles of leading companies operating in the global PLM CP&R market. 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.

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.

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