The global PLM market for consumer products and retail end­use

Write a one page summary. The global PLM market for consumer products and retail end­use by components category was dominated by the software segment with a market share of 46.2% in 2014. Globally, the demand for PLM software is driven by a reduction in time ­to ­market new products and reduction in operational cost. Rising demand for process automation, product data management, and integration with emerging tools such as analytics software would continue to fuel the growth of PLM software during the coming years. The share of on ­premise PLM software market is forecast to expand at a moderate rate during the forecast period from 2015 to 2022. The cloud­ based PLM software market segment is expected to have fastest growth during the forecast period from 2015 to 2022.

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