Global Product Life Cycle Management (PLM) in Apparel Market 2017-2021
About Product Life Cycle Management (PLM) in Apparel
Product life cycle management (PLM) software includes all the software that is used for the development and automation of a product during various stages of production such as idea conception, designing, and manufacturing stages. The report focuses on two major PLM software used in the apparel market: computer-aided design (CAD) and collaborative product definition management (cPDM). cPDM is the software used to manage and integrate product data from apparel manufacturers.
Technavio’s analysts forecast the global product life cycle management (PLM) in apparel market to grow at a CAGR of 6.61% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global product life cycle management (PLM) in apparel market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio's report, Global Product Life Cycle Management (PLM) in Apparel Market 2017-2021, 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.
VisualNextOther prominent vendors
Siemens PLM Software
World Fashion Exchange
Technavio Announces the Publication of its Research Report – Global Product Life Cycle Management (PLM) in Apparel Market 2017-2021
Technavio recognizes the following companies as the key players in the global product life cycle management (PLM) in apparel market: Dassault Systèmes, Gerber Technology, Lectra, and VisualNext.
Other Prominent Vendors in the market are: AllCAD Technologies, Arahne, Audaces, Autodesk, BONTEX, CadCam Technology, C-Design, Centric Software, EFI Optitex, Fashion CAD, Infor, PTC, Siemens PLM Software, Tricycle, World Fashion Exchange, and Xperia.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is shift from perpetual license model to subscription model. Global PLM in apparel market will phase out of perpetual licenses completely during the forecast period, and it will shift toward periodic subscriptions and licenses. The high ROI on subscription will encourage PLM vendors to gradually reduce the sale of perpetual licenses before finally discarding them completely.”
According to the report, one driver in the market is high adoption of cloud-based PLM solutions. The availability of cloud-based PLM software is a major driver for the global PLM in apparel market. For reducing the cost of adopting PLM, many companies are adopting cloud-based PLM software. Companies such as Wipro offers cloud-based PLM services for PLM vendors such as Siemens PLM Software. This deployment through infrastructure-as-a-service (IaaS) helps end-users to reduce upfront costs and the total cost of ownership (TCO).
Further, the report states that one challenge in the market is concerns related to data security. The apparel market is highly competitive as well as fragmented. Most of the vendors have direct competitors, and the competition intensifies when they expand into other geographies and markets. Success in the apparel market depends on creative factors such as design, pricing, and features. If the data regarding these factors gets leaked to a competitor, it will give the competitor an advantage over the first vendor. Hence, the data managed by the PLM software must be highly secure. PLM software solutions expand the amount of data sharing among supply chain partners, thereby increasing the company’s capability, efficiency, and effectiveness.
Dassault Systèmes, Gerber Technology, Lectra, VisualNext, AllCAD Technologies, Arahne, Audaces, Autodesk, BONTEX, CadCam Technology, C-Design, Centric Software, EFI Optitex, Fashion CAD, Infor, PTC, Siemens PLM Software, Tricycle, World Fashion Exchange, and Xperia.