Product Lifecycle Management (PLM) in Consumer Goods Market- Roadmap for Recovery from COVID-19 | Increasing Demand for PDRs to Boost the Market Growth | Technavio

Technavio has announced its latest market research report titled Global Product Lifecycle Management (PLM) in Consumer Goods Market 2020-2024 (Graphic: Business Wire)

LONDON--()--Technavio has been monitoring the product lifecycle management (PLM) in consumer goods market and it is poised to grow by USD 2.02 billion during 2020-2024, progressing at a CAGR of over 10% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

  • Based on segmentation by deployment, which is the leading segment in the market?
  • The professional services are expected to be the leading segment based on deployment in the global market during the forecast period.
  • What are the major trends in the market?
  • Increasing adoption of cloud-based PLM software is one of the major trends in the market.
  • At what rate is the market projected to grow?
  • Growing at a CAGR of over 10%, the incremental growth of the market is anticipated to be USD 2.02 billion.
  • Who are the top players in the market?
  • ANSYS Inc., Aras Corp., Autodesk Inc., Dassault Systèmes SE, HP Inc., International Business Machines Corp., Oracle Corp., PTC Inc., SAP SE, and Siemens AG. are some of the major market participants.
  • What are the key market drivers and challenges?
  • Increasing demand for PDRs is one of the major factors driving the market.
  • How big is the North America market?
  • The North America region will contribute 42% of market growth

The market is moderately fragmented, and the degree of fragmentation will accelerate during the forecast period. ANSYS Inc., Aras Corp., Autodesk Inc., Dassault Systèmes SE, HP Inc., International Business Machines Corp., Oracle Corp., PTC Inc., SAP SE, and Siemens AG are some of the major market participants. The increasing demand for PDRs will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Product Lifecycle Management (PLM) in Consumer Goods Market 2020-2024: Segmentation

Product Lifecycle Management (PLM) in Consumer Goods Market is segmented as below:

  • Deployment
    • Professional Services
    • On-premise
    • Cloud
  • Geography
    • North America
    • Europe
    • APAC
    • MEA
    • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40858

Product Lifecycle Management (PLM) in Consumer Goods Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The product lifecycle management (PLM) in consumer goods market report covers the following areas:

  • Product Lifecycle Management (PLM) in Consumer Goods Market Size
  • Product Lifecycle Management (PLM) in Consumer Goods Market Trends
  • Product Lifecycle Management (PLM) in Consumer Goods Market Analysis

This study identifies the increasing adoption of cloud-based PLM software as one of the prime reasons driving the growth of product lifecycle management (PLM) in consumer goods market during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Product Lifecycle Management (PLM) in Consumer Goods Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist the growth of product lifecycle management (PLM) in consumer goods market during the next five years
  • Estimation of the size of product lifecycle management (PLM) in consumer goods market and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the product lifecycle management (PLM) in consumer goods market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of product lifecycle management (PLM) vendors in consumer goods market

Table of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • Preface
  • Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Value chain analysis
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2019
  • Market outlook
  • Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY DEPLOYMENT

  • Market segmentation by deployment
  • Comparison by deployment
  • Professional services - Market size and forecast 2019-2024
  • On-premise - Market size and forecast 2019-2024
  • Cloud - Market size and forecast 2019-2024
  • Market opportunity by deployment

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Increasing adoption of cloud-based PLM software
  • Rise in number of strategic partnerships
  • Introduction of PLM mobile applications

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • ANSYS Inc.
  • Aras Corp.
  • Autodesk Inc.
  • Dassault Systèmes SE
  • HP Inc.
  • International Business Machines Corp.
  • Oracle Corp.
  • PTC Inc.
  • SAP SE
  • Siemens AG

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The Global Product Lifecycle Management (PLM) in Consumer Goods Market will grow by USD 2.02 bn during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/