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 2023 to 2030, starting from US$ 2.79 Bn in 2021. 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 estimate period.

Retail Segment to Continue Leading the Market

The PLM CP&R market by application was dominated by Retail segment in 2021. 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 study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Product Lifecycle Management Consumer Packaged Goods And Retail (PLM CP&R) market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Product Lifecycle Management Consumer Packaged Goods And Retail (PLM CP&R) market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Product Lifecycle Management Consumer Packaged Goods And Retail (PLM CP&R) market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Product Lifecycle Management Consumer Packaged Goods And Retail (PLM CP&R) market?
• Which is the largest regional market for Product Lifecycle Management Consumer Packaged Goods And Retail (PLM CP&R) market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Product Lifecycle Management Consumer Packaged Goods And Retail (PLM CP&R) market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Product Lifecycle Management Consumer Packaged Goods And Retail (PLM CP&R) market worldwide?