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Lifecycle Opportunities in the Global Retail PLM Market : Growing Demand from Emerging Asia-Pacific Markets is Likely to Boost Market Growth

Lifecycle Opportunities in the Global Retail PLM Market : Growing Demand from Emerging Asia-Pacific Markets is Likely to Boost Market Growth

  • February 2015
  • 63 pages
  • ID: 2679523

Summary

Table of Contents

Key Findings

•The global retail PLM market is presently at a nascent stage. It is expected to post a Compound Annual Growth Rate (CAGR) of x % between 2013 and 2018.
•The growing focus of retail companies on enhancing brand equity and improving profitability, coupled with a strong demand from the Asia-Pacific region is likely to drive the growth of the global retail PLM market.
•While tier-I retail companies have been early adopters, small and medium enterprises (SMEs) are expected to play a catalytic role in the growth of the retail PLM market.
•The high cost of installing retail PLM solutions and adoption of competitive pricing strategies by major market participants are likely to be the major hindrances that could potentially slow down the rate of retail PLM solutions.
•North America is the biggest market for retail PLM vendors; however, growth in the Asia-Pacific region, driven by strong demand from countries such as China, Korea, and Japan, is forecast to be the highest during the forecast period.
•The retail PLM market is highly fragmented; vendors who have the capability to offer solutions that can provide benefits to entities across the value chain are likely to enhance their market presence during the forecast period.

CEO’s Perspective

North America is the biggest market for retail PLM; however, Asia-Pacific is expected to offer the biggest growth opportunities during the forecast period.
China, South Korea, Japan, Brazil, and Russia are expected to become global hubs of retail PLM activity; establishment of local presence is a key requirement.
Retail PLM vendors who develop cutting-edge solutions that facilitate a greater degree of collaboration across the value chain are likely to expand their market presence.
Return on investment, frequent customer interaction, and price are the key purchase criteria for customers in the global retail PLM market.
Acquisitions and the potential entry of ERP vendors is likely to alter the competitive landscape of the global retail PLM market.

What is Product Lifecycle Management?

PLM is a comprehensive business strategy for managing the entire life cycle of a product through ideation, design, production, deployment, and disposal. It is a holistic approach that enables an enterprise to manage its products in an efficient and effective manner, by providing a platform for new product development and introduction.
PLM caters to different end-user verticals with its diverse portfolio of products, enabling enterprises to reduce manufacturing costs, improve productivity, and shorten time to market considerably.
Significant acquisitions in the PLM market in the recent past confirm PLM’s position of being a strategic necessity in manufacturing and product planning.
The scope of this research encompasses a broad set of PLM solutions, beginning with authoring and analysis tools—from computer-aided design to advanced virtualisation solutions, including digital manufacturing.

Geographic Scope:

•North America—United States, Canada, and Mexico
•Europe, Middle East, Africa (EMEA)—Countries in Western and Eastern Europe, the Middle East, and Africa
•Asia-Pacific (APAC)—Countries on the western border of the Pacific Ocean, including those on the Indo-Chinese Peninsula and the Pacific Islands, and Central Asia
•Rest of the World (RoW)—South America, Russia, and Commonwealth of Independent States (CIS) countries

Key Questions This Study Will Answer

Is the global retail PLM market growing? How long will it continue to grow, and at what rate?
What are the key factors that will drive the growth of the retail PLM market?
What are the restraints faced by market participants? What is the likely impact?
What are the major challenges faced by PLM vendors? What type of cost-benefits should their solutions offer to major retail companies?
What are the major geographical segments for retail PLM? How are they expected to grow during the forecast period?
Who are the major industry participants? What is their relative position on a global scale? What are their key characteristics and product offerings?

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