PDM is one of the business functions within collaborative product
definition management (cPDM), which is one of the major segments in the Global
Product Lifecycle Management (PLM) market. PDM is a software responsible for
the creation, management, and publication of product data. PDM helps organize
product development by combining documents, technical data, computer-aided
design (CAD), and images that are required to design, manufacture, support, and
maintain a product. PDM also helps manufacturing companies find the data quickly,
thereby reducing the data management time. It also reduces development errors
and costs by enabling a collaborative product development cycle.
Analysts forecast the Global Product Data
Management market to grow at a CAGR
of 10.72 percent over the period 2013-2018.
The Report recognizes the following companies as the key players in the
Global Product Data Management (PDM) Market: Dassault Systèmes SA, Oracle
Corp., Parametric Technology Corp., SAP AG and Siemens AG
Other Prominent Vendors in the market are: Accenture, Autodesk, Aveva
Group, IBM and Synopsys.
One of the key trends emerging in the market is the increased need for
standardization in product designs. Standardized designs for R&D purposes
are making companies adopt PDM software to reduce costs.
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Covered in this
Report
This report covers the present scenario and the growth prospects of the
Global Product Data Management market for the period 2014-2018. The following
are the major end-users of the Global Product Data Management market: the
Automotive industry, Electrical and Electronics industry, Industrial Machinery
industry, Aerospace and Defense sector, and Other industries including the
Petrochemical, Utility, and Other Process industries.
Global Product Data Management Market 2014-2018, has been prepared based
on an in-depth market analysis with inputs from industry experts. The report
covers the Americas, and the APAC and EMEA regions; it also covers the Global
Product Data Management market landscape and its growth prospects in the coming
years. The report includes a discussion of the key vendors operating in this
market.
According to the report, one of the main factors driving market growth is
the increased need for faster time-to-market. The competitive scenario in the
global market has compelled companies to conceptualize, design, develop, and
market products faster than their competitors.
Further, the report states that one of the main challenges in this market
is the high cost of implementation. Customization of the PDM software has
resulted in increased costs for PDM software, which makes it unaffordable for
small customers.
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