Consumer Products and Retail Market - Global
Industry Analysis, Size, Share, Growth, Trends and
Forecast 2015 - 2022
184 Page Report
PLM Market for Consumer Products and Retail End-Use Expected
to Reach US$ 6.27 Bn by 2022 Globally : Transparency Market
Transparency Market Research
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Consumer Products and Retail
Product lifecycle management (PLM) represents an overall vision and systematic data management related
to the product design, production, support, as well as its ultimate disposal in a product development
process in organizations. There are certain variables such as time, functions, performance, and price that
change frequently in tandem with the product lifecycle processes. Therefore, the product innovation
process should be based on changes in the aforementioned variables to meet the market demand.
Delivering the right product at the right time is the major goal of enterprises in the market. PLM provides
many benefits to organizations, such as significant reduction in time-to-market for the product, production
cost minimization, and product quality and reliability enhancement. The various challenges faced by
product development teams in enterprises include globalization, as well as growing demand for mass
customization and quick innovation. These challenges are leading to the growing need for PLM solutions,
which provide the collaborative environment and knowledge management of a product’s lifecycle process.
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This research report provides in-depth analysis of the global consumer products and...