PLM Market in Consumer Goods Globally Grow at a CAGR of 12.98% by Revenue During the Period 2017-2020

ALBANY, NY, March 30, 2017 : The consumer goods manufacturing companies use PLM software as it helps to deal with the different functional levels of an enterprise such as product designing, design engineering, and manufacturing. The need for managing a consumer goods product from the concept stage to servitization stage has increased the demand for PLM software and services. The growing product complexity and upsurge in product portfolio across enterprises has triggered the demand for a system that can deliver solutions to the production process across industries. The implementation of PLM software in an enterprise provides benefits such as increased revenue, low operational cost, and capital efficiency.

Technavios analysts forecast the global PLM market in consumer goods industry to grow at a CAGR of 12.98% during the period 2016-2020.

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Covered in this report
The report covers the present scenario and the growth prospects of the global PLM market in consumer goods industry for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of PLM software in the consumer goods industry.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global PLM Market in Consumer Goods Industry 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Aras
Autodesk
Centric Software
Dassault Systmes
Oracle
PTC
Siemens PLM Software

Other prominent vendors
3D Systems, AllCAD, ANSYS, Arahne, ARText, Audaces, BONTEX, CadCam Technology, Cadonix, CD-adapco, C-Design, Fashion CAD, Gerber Technology, Graebert, TurboCAD, IronCAD, MSC Software, Numeca, and SAP.

Market driver
Need for faster time-to-market and product development
For a full, detailed list, view our report

Market challenge
Piracy of PLM software
For a full, detailed list, view our report

Market trend
Increased use of PLM mobile applications
For a full, detailed list, view our report

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Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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