Quadrant Knowledge Solutions announced today that it has named PTC as the 2024 Outright Leader in the SPARK Matrix analysis of the global Retail Product Lifecycle Management (RPLM) market.
Quadrant Knowledge Solutions’ Retail Product Lifecycle Management (RPLM) market research includes a detailed global market analysis, competitive landscape, functional capabilities, and market trends. It aims to provide strategic information for B2B technology buyers to enhance their understanding of the Retail PLM market and support their business growth strategies by evaluating different vendors’ capabilities, competitive differentiation, and market position.
According to Prakhar Bansal, Analyst, Quadrant Knowledge Solutions, “PTC’s Retail Product Lifecycle Management solution provides retailers with a comprehensive, scalable and secure platform to navigate the complexities of product development, sourcing, and merchandising. By leveraging PTC’s innovative technology, retailers can streamline processes, enhance collaboration across teams, and accelerate time-to-market for new products. This integrated approach enables retailers to make data-driven decisions, improve product quality, and respond quickly to market demands. PTC’s solution empowers retailers to drive efficiency and innovation throughout the product lifecycle, ultimately helping them stay competitive in the rapidly evolving retail landscape.” Prakhar added: “With its support for multiple product categories and brands, and broad range of use cases, as well as ease of deployment, intuitive user experience and customer service excellence, PTC has retained its leadership position in the global Retail Product Lifecycle Management (RPLM) market.”
Bill Brewster, Senior Vice President & General Manager of PTC Retail PLM shares his reaction to the win, “We are honored to be recognized as the Outright Leader in the Retail PLM space, and we owe our appreciation to the trust and confidence placed in us by our customers. This is a testament to the fact that the world’s leading retail brands trust PTC as their digital transformation partner. It keeps us motivated to continue pushing the boundaries with a best-in-class retail PLM solution. I am very proud of our team’s dedication and their pursuit of technology excellence. Here’s to the exciting journey ahead and to our valued partnership with our customers.”
Quadrant Knowledge Solutions defines a process overseen by a comprehensive solution that helps retailers collaborate and manage product development information, thereby optimizing resources and enhancing product quality and compliance throughout the product lifecycle. The RPLM solution effectively manages end-to-end retail processes, such as product ideation, planning, design, development, sourcing, manufacturing, distribution, and end-of-life phases of retail products. It also offers organizations comprehensive visibility of the product development process, supply chain, and sustainability initiatives, enabling them to align with market demands and pricing within a stipulated time.
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