Product Lifecycle Management Consumer Packaged Goods And Retail (PLM CP&R) Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029

Growing Retail & Consumer Goods Market to Boost the Demand for Product Lifecycle Management Consumer Packaged Goods and Retail (PLM CP&R) Market

The PLM CP&R market globally is expected to grow with a CAGR of 10.9% during the forecast period from 2021 to 2029, starting from US$ 2.52 Bn in 2020. Rising retail & consumer goods industry and growing demand for product life cycle management are the major growth factors for the market. Use of PLM as a strategic enabler by corporations is another major factor for the market growth. PLM helps in transforming people & processes, enables innovative, time saving and cost effective solutions for procedures. Thus, we expect that the market will show considerable growth throughout the estimated period.

Retail Segment to Continue Leading the Market

The PLM CP&R market by application was dominated by Retail segment in 2020. The segment has major revenue share with contribution of around 35% in the same year. The retail industry will grow at a CAGR of around 5.4% in years to come. Enhancement of retail industry in developing economies such as China, India and others are the major factors responsible for segment growth. Growing use of PLM in retail industry will also boost the segment. Therefore, we expect that the retail segment will continue its dominance in the market during the forecast period 2021-2029.

Asia Pacific to be the Fastest Growing Region

In 2020, North America dominates the PLM CP&R market and contributes around 35% of the revenue share in the same year. Technology shift towards Factory 4.0 and established retail industry are the major factors for the dominance of North America. On the other hand, Asia Pacific will emerge as the fastest growing region owing to rising retail and consumer goods industry in the region. Increasing demand of PLM in the region is the other factor driving the Asia Pacific market growth. Thus, we expect that Asia Pacific will be the fastest growing region in market throughout the estimate period.

Some of the prominent players operating in the product lifecycle management consumer packaged goods and retail (PLM CP&R) market 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.

Historical & Forecast Period

This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2021 to 2029.

Report Scope by Segments

The product lifecycle management consumer packaged goods and retail (PLM CP&R) market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global product lifecycle management consumer packaged goods and retail (PLM CP&R) market based on component, end-use and geography. Key segments covered in the report are as follows:

Technology (2019-2029; US$ Bn)

• 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)
• RAD

Deployment Type (2019-2029; US$ Bn)

• Enterprise
• SaaS
• Cloud

End-use (2019-2029; US$ Bn)

• Consumer Goods
• Retail
• Consumer Packaged Goods
• Apparel, Footwear & Accessories

Geography Segment (2019-2029; US$ Bn)

• North America (U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa, Latin America)

Key questions answered in this report

• What was the market size of product lifecycle management consumer packaged goods and retail (PLM CP&R) in 2020 and forecast up to 2029?
• Which is the largest regional market for product lifecycle management consumer packaged goods and retail (PLM CP&R)?
• What are the major trends followed in overall product lifecycle management consumer packaged goods and retail (PLM CP&R) across different regions?
• Who are the key product lifecycle management consumer packaged goods and retail (PLM CP&R) companies leading the market?
• What are the key strategies adopted by the leading product lifecycle management consumer packaged goods and retail (PLM CP&R) companies in market?

Unique data points of this report

• Recent trends across different regions in terms of adoption of product lifecycle management consumer packaged goods and retail (PLM CP&R) across various applications
• Notable developments going on in product lifecycle management consumer packaged goods and retail (PLM CP&R) market
• Attractive investment proposition for segments as well as geography
• Comparative scenario for all the segments for years 2020 (actual) and 2029 (forecast)

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