Consumer Products and Retail Market Overview; Key Trends, Market Size, and Key Factors Defining the Industry
The shift from traditional end-use sectors to non-traditional end-use sectors such as retail and consumer products and packaged goods and the growth of modern grocery retail stores in emerging economies are the key factors driving the growth of PLM market for consumer products and retail end-use, globally. In addition, small and mid-sized companies are leveraging on cloud-based PLM solutions for high ROI and need for increases in productivity and product management among consumer and retail product manufacturers is further expected to drive the growth of this market over the forecast period. According to a new market report published by Transparency Market Research “ Consumer Products and Retail Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2022,” the global PLM market for consumer products and retail market, in terms of revenue, was valued at US$ 2.79 Bn in 2014 and is forecast to expand at a CAGR of 10.4% during the perio...