April 4, 2020
Product Lifecycle Management Consumer Packaged Goods And Retail

Product Lifecycle Management Consumer Packaged Goods And Retail (PLM CP&R) Market 2027

The worldwide market for product lifecycle management consumer packaged goods and retail  (PLM CP&R) has been valued at US$ 2.07 billion in 2018 and is expected to grow by a CAGR of 10.9% over the forecast period.

Market Insights

The penetration of product lifecycle management software and automation in the consumer goods industry worldwide are the main factors driving the growth of the PLM CP&R market. One of the promising factors for market growth is the growth of the consumer electronics industry. The consumer electronics market was estimated at around US$ 335.0 billion in 2018 and will continue to grow in the years to come at a CAGR of nearly 5%. Growing demand for consumer packaged goods & retail (CP&R) is also a key driver of market growth. Wide application of the PLM to retail, footwear, consumer goods and others is also one of the key drivers of growth. As a result, we assume that the PLM CP&R market will show huge growth throughout the estimated period.

Credence Research is Providing Premium Sample of This Report: https://www.credenceresearch.com/sample-request/60086

The global PLM CP&R market was segmented by technology, deployment, industry and the region. Technologically, the global PLM CP&R market has been categorized as formula design and management, artwork & labeling, CAD / CAM / CAE,  laboratory information management, eCAD / EDA, simulation & testing, PDM / cPDM / PLM application lifecycle management, digital manufacturing/plant simulation, MOM: MES, quality, advanced planning & scheduling, IoT (consumer and industrial) and RAD. The global PLM CP&R market was categorized into enterprise, cloud and SaaS-based on deployment. The global PLM CP&R market in terms of the industry was divided into consumer goods, consumer packaged goods, apparel, footwear & accessories and retail.

In terms of region, during the forecast period, the Americas is estimated to lead the global PLM CP&R market. A revolutionary shift towards’ Factory 4.0 or Digital Factory’ has been observed in the Americas. The technology helps to reduce costs by simplifying processes, flexibility in operations, accelerating processes to process alterations, tracking products throughout the lifecycle, and improving quality. It also allows better interaction and collaboration through the constant sharing of information. In the coming years, the region is expected to dominate the global market for PLMCP&R. During the forecast period, the market in Europe, Middle East & Africa is also expected to grow at a steady pace. The PLM CP&R market in Asia is anticipated to expand at a rapid rate. Asia’s PLM CP&R market is expected to expand rapidly. China, followed by India, is expected to be a prominent PLM CP&R market country in Asia. It is expected that the presence of a large number of large and small businesses in these countries will boost the market. Japan’s market is expected to make a significant contribution to revenue.

Some of the major companies profiled in the report include Accenture plc, IBM Corporation, Oracle Corporation, SAP SE, Dassault Systèmes SE, Autodesk, Inc., Hewlett-Packard Company, Cisco Systems, Inc., 10ZiG Technology, Acer Inc., Gerber Scientific, Inc. and Advantech Co., Ltd. among others.

Credence Research is Providing Premium Sample of This Report: https://www.credenceresearch.com/sample-request/60086

Leave a Reply

Your email address will not be published. Required fields are marked *