December 10, 2019
According to the latest study titled ‘Product Lifecycle Management In Apparel Market to 2027 - Global Analysis and Forecasts by Type (CAD and CAM, PDM/CPDM); End-User (Retailers, Manufacturers, Others)’ available with Market Study Report LLC, the global product lifecycle management in apparel market is expected to accumulate US $1,825.3 million by the year 2027.
The growth of product lifecycle management in apparel market is propelled with factors such as requirement of good quality products, rising preference for online shopping among consumers, strong competitions in emerging and developed countries, and availability of multiple product options trending as per fashion.
Notably, product lifecycle management (PLM) in apparel industry integrates automation from designing to manufacture to inventory to sales and delivery. It improves the efficiency of designers by offering various features and reduces the time required in creating new designs and products. According to the study, product lifecycle management in apparel market was valued at US $644.1 million in 2018 and is anticipated to register a growth rate of 12.5% through the year 2027.
The study encompasses details about market size based on revenue shares for each segment, alongside the expansion strategies adopted by manufacturers. It analyses the competitive landscape of product lifecycle management in apparel market using PEST analysis method. Information about the market dynamics covering drivers and restraints is also outlined in the report.
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Based on the type, PLM in apparel market is segmented into PDM/CPDM, CAD, and CAM. The CAD and CAM segment is presumed to witness accelerated growth over the analysis period, owing to its extensive use in digital manufacturing processes, such as conception, design, planning, and execution. Speaking of end-user spectrum, the market is bifurcated into the manufacturers, retailers, and others.
Some of the vendors that operate in product lifecycle management in apparel market are Computer Generated Solution, C-DESIGN Fashion, EFI Optitex, Dassault Systems, Infor Inc., Gerber Technology LLC, PTC Inc., Lectra S.A, Xperia, and Simbus Technologies Pvt. Ltd.
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