target audience: TECH BUYER  Publication date: Dec 2024 - Document type: IDC MarketScape - Doc  Document number: # US51795224

IDC MarketScape: Worldwide Retail, Footwear, and Apparel PLM 2024 Vendor Assessment

By:  Jordan K. Speer Loading

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Abstract


This IDC study represents a vendor assessment of the 2024 worldwide retail, footwear, and apparel PLM market through the IDC MarketScape model.

Beyond handling core PLM basics such as product development, technical specifications, sampling, and sourcing management, PLM continues to act as a centralized platform that serves as a hub for greater multidirectional interactivity between retailers and their partners.

“As more users connect to a unified platform, with one version of data that can be used to harness the benefits of AI, there is a multiplier effect on the ability to innovate, collaborate, speed product to market, and produce sustainably, enabling retailers, brands, and manufacturers to better plan and execute strategies that focus on pleasing the consumer rather than chasing data,” said Jordan K. Speer, research director, Worldwide Retail Product Sourcing, Fulfillment, and Sustainability Strategies at IDC.



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