Product lifecycle management in apparel market in global is expected to grow from US$ 644.1 Mn in 2018 to US$ 1,825.3 Mn by the year 2027. This represents a CAGR of 12.5% from the year 2019 to 2027.
According to a new Market research 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) – Global Analysis and Forecast”, explains the report, explaining the main factors of this growth and highlighting the main market players and their evolution. The report includes key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
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The analysis of the global Product Lifecycle Management In Apparel market to 2027 is an in-depth study of the Product Lifecycle Management In Apparel industry, focusing on global market trends. The report aims to provide an overview of the global Product Lifecycle Management In Apparel market with detailed market segmentation by product / application and by region. The global Product Lifecycle Management In Apparel market is expected to experience strong growth over the forecast period.
– C-DESIGN Fashion
– Computer Generated
– Dassault Systèmes
– EFI Optitex
– Gerber Technology
– Infor Inc.
– Lectra S.A.
– PTC Inc.
– Simbus Technologies
The report presents the current market analysis scenario, future and future opportunities, revenue growth, prices and profitability. The proprietary data in this report is collected by Insight Partner’s dedicated research and analysis team of experienced professionals with advanced statistical expertise and various customization options in the existing study.
Europe was the leading geographic market, and it is anticipated to be the highest revenue contributor throughout the forecast period. In Europe product lifecycle management in apparel market the adoption of automated technologies such as PLM offers benefits such as faster delivery time, lower cost, higher speed, as a result of lower stocks and reduced shipping times, hence it is expected that Product lifecycle management in apparel in apparel market in the region would gradually increase in the coming years till 2027.
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Digital transformation has continued to push new margins of innovation that meet new technologies such as machine learning (ML), artificial intelligence (AI), robotics and the internet of things (IoT) to give rise to the fourth industrial revolution (Industry 4.0). In Industry 4.0, electronics and information technology allow complete digital connectivity by bringing together the physical, digital, and organic essentials of modern human life. For the manufacturing industry, particularly in the case of mass-produced goods such as apparel and footwear, the Industry 4.0 movement is a transformation in the making.
Furthermore, companies are moving towards automation with smart devices. For instance, Computer Generated Solutions, Inc. is helping apparel manufacturers to digitize their production procedures by enabling automation and by tracking production activities on the shop floor. By strategically supplying smart devices across the factory floor, the company’s shop floor control system provides companies an effective and simple way to gather, collate, and analyze insights that directly boost their production processes. In addition, in August 2017, Lectra S.A, introduced Lectra Fashion PLM 4.0, the PLM solution which is built to help apparel companies navigate the Industry 4.0 and prosper in the digital era of fashion.
Global Product Lifecycle Management in Apparel
Market by Type
– CAD and CAM
Global Product Lifecycle Management in Apparel
Market by End-User
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– Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
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