Albany, NY -- (SBWIRE) -- 12/20/2016 -- The consumer goods manufacturing companies use PLM software as it helps to deal with the different functional levels of an enterprise such as product designing, design engineering, and manufacturing. The need for managing a consumer goods product from the concept stage to servitization stage has increased the demand for PLM software and services. The growing product complexity and upsurge in product portfolio across enterprises has triggered the demand for a system that can deliver solutions to the production process across industries. The implementation of PLM software in an enterprise provides benefits such as increased revenue, low operational cost, and capital efficiency.

The global PLM market in consumer goods industry to grow at a CAGR of 12.98% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global PLM market in consumer goods industry for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of PLM software in the consumer goods industry.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

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Technavio's report, Global PLM Market in Consumer Goods Industry 2016-2020, 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.

Key vendors
- Aras
- Autodesk
- Centric Software
- Dassault Systmes
- Oracle
- PTC
- Siemens PLM Software

Other prominent vendors
- 3D Systems, AllCAD, ANSYS, Arahne, ARText, Audaces, BONTEX, CadCam Technology, Cadonix, CD-adapco, C-Design, Fashion CAD, Gerber Technology, Graebert, TurboCAD, IronCAD, MSC Software, Numeca, and SAP.

Market driver
- Need for faster time-to-market and product development
- For a full, detailed list, view our report

Market challenge
- Piracy of PLM software
- For a full, detailed list, view our report

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Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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