Albany, NY -- (SBWIRE) -- 04/04/2016 -- Transparency Market Research has recently published a new market research report, and made available on the company website. The research study, titled "Consumer Products and Retail Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2022," provides a detailed analysis of the global PLM market for consumer products and retail end use.

According to the study, in 2014, global PLM market for consumer products and retail end use was worth US$2.79 8 bn and is estimated to reach a value of US$6.27 3 bn by the end of 2022, exhibiting a 10.40% CAGR between 2015 and 2022.

Product lifecycle management (PLM) is a systematic data management tool that deals with the product design, support, production, and ultimate disposal process in organizations. PLM helps in the delivery of the right product at the correct time, which is the key objective of enterprises in the global market. In addition, PLM offers several benefits such as production cost minimization, reliability enhancement, and product quality optimization.

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On the basis of components, the global PLM market for consumer products and retail end use has been segmented into software and services. In 2014, the software segment led the overall market, holding a 46.2% share in the global PLM market for consumer products and retail end use. The high growth rate of this segment can be contributed to the reduction in operational cost along with the reduction in the time-to-market of new products. In addition, the increasing demand for product data management, integration, and process automation with emerging tools including analytics software is estimated to augment the growth of the PLM software segment in the forecast period.

On the basis of end -use, the global PLM market for consumer products and retail end use has been categorized into apparel, consumer packaged goods, footwear, durables (furniture and sporting goods), and others (such as jewelry, toys, and electronic consumer appliances). In 2014, the consumer packaged goods segment led the market, holding a 46.4% share in overall market on the basis of revenue. The increasing adoption of PLM in the consumer products and retail industry is estimated to rise substantially throughout the forecast period. The growing focus of retail companies on enhancing brand equity and profitability is fueling the growth of the global PLM market in retail. Furthermore, the apparel segment is projected to lead the overall PLM market, followed by the footwear segment, in the next few years.

Browse the full Market Research report at http://www.transparencymarketresearch.com/consumer-products-retail-market.html

Among the major geographical segments, in 2014, North America dominated the global PLM market for consumer products and retail end use, holding a 35.7% share in the overall market. The rapid growth of this region can be attributed to the rising adoption by SMEs and penetration of PLM in diverse industries. On the flip side, Latin America and the Middle East and Africa is are estimated to register a 15.9% and 17.2% CAGR between 2015 and 2022, respectively.

Furthermore, the research report covers the competitive landscape of the market, including detailed profiles of the players along with their business strategies, financial overview, and SWOT analysis. Some of the prominent players operating in the market are Oracle Corporation, SAP SE, Atos SE, PTC, Inc., Infor, Dassault Systemes, Selerant Corporation, Accenture PLC, Hewlett-Packard Company, IBM Corporation, Gerber Scientific, Inc., Centric Software, and Autodesk, Inc.

Key Segments of the Global Consumer Products and Retail Market:

Consumer Products and Retail Market, by Sector
Footwear
Apparel
Durables (Sporting Goods and Furniture)
Consumer Packaged Goods
Others (Toys, Jewelry and Electronic Consumer Appliances)

Consumer Products and Retail Market, by Geography

North America
The U.S.
Rest of the North America

Europe
EU7 (U.K., Italy, Spain, France, Germany, Belgium, and Netherlands)
CIS
Rest of Europe

Asia Pacific (APAC)
Japan
China
South Asia (India, Pakistan, Bangladesh, & Sri Lanka)
Australasia (Australia, NZ, & New Guinea)
Rest of APAC

Middle East & Africa (MEA)
GCC Countries
North Africa
South Africa
Rest of MEA

Latin America
Brazil
Rest of the Latin America

PLM arket for Consumer Products and Retail End-use, by Component

Software (On-Premise Software and Cloud-based Software)
Services (Consulting, Integration, Operation, & Maintenance)

PLM Market for Consumer Products and Retail End-use, by Sector
Footwear
Apparel
Durables (Sporting Goods and Furniture)
Consumer Packaged Goods
Others (Toys, Jewelry, and Electronic Consumer Appliances)

PLM Market for Consumer Products and Retail End-use, by Geography

North America
The U.S.
Rest of the North America

Europe
EU7 (U.K., Italy, Spain, France, Germany, Belgium, and Netherlands)
CIS
Rest of Europe

Asia Pacific (APAC)
Japan
China
South Asia (India, Pakistan, Bangladesh, & Sri Lanka)
Australasia (Australia, NZ, & New Guinea)
Rest of APAC

Middle East & Africa (MEA)
GCC Countries
North Africa
South Africa
Rest of MEA

Latin America
Brazil
Rest of the Latin America

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TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.