Industry Background:
Consumer products and retail is the industry offering smart solutions to serve the smart consumer. These services build the capabilities to put data at the heart of the organization and create the agility to respond to market change. Their supply chain must evolve into a transparent demand-response network.This growth is primarily driven by Rising Demand for the Pleasant Consumer Experience in Retail and Consumer Product Shopping and Rising Popularity of Online Shopping to Digitization of the Enterprises.
Globally, a noticeable market trend is evident Introduction of Applications or Software and Distribution through an Effective Supply Chain Channel
. The Business Services sector in the Europe region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Wavestone (France), Ernst & Young Global Limited (United Kingdom), Siemens (Germany), IBM (United States), Accenture (Ireland), Capgemini (France), Oliver Wyman INC (United States), Deloitte Touche Tohmatsu Limited (United Kingdom), PwC (United Kingdom) and KPMG International (Netherlands) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2021, Siemens Digital Industries Software acquired TimeSeries, a leading Independent Software Vendor (ISV) and Mendix partner. TimeSeries has significant expertise in the development of vertical apps built on the Mendix low-code platform which will be offering new software for consumer products and retail including smart warehousing, predictive maintenance, energy management, remote inspections, and more.
In 2021, Bizom, a leading retail intelligence platform, launched smart solutions to bring greater efficiency to the distribution system and people management processes of consumer goods companies. This solution recognizes that to become data- and insights-driven organizations, teams, distributors, channel partners, and retailers must digitize their operations.
Market Drivers
- Rising Demand for the Pleasant Consumer Experience in Retail and Consumer Product Shopping
- Rising Popularity of Online Shopping to Digitization of the Enterprises
Market Trend
- Introduction of Applications or Software and Distribution through an Effective Supply Chain Channel
- Integration of Automation with Help of Artificial Intelligence
Restraints
- Increasing Data Breach Instances and Prevalence of Malware Attacks
Opportunities
Increasing Penetration of Smart Devices and Rising Investment of Private Firms for the Digital Marketing and Campaigning
Challenges
Requirement of Skilled Personnel for the Inspection and Maintenance
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Consumer Products and Retail Study Sheds Light on
The Consumer Products and Retail Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Consumer Products and Retail industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Consumer Products and Retail industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.