|By Business Wire||
|August 20, 2014 04:07 AM EDT||
Research and Markets (http://www.researchandmarkets.com/research/tfpnnk/global_cpdm) has announced the addition of the "Global CPDM Market 2014-2018" report to their offering.
The Global Collaborative Product Definition Management market will grow at a CAGR of 8.41 percent over the period 2013-2018.
The Global Collaborative Product Definition Management market can be divided into eight segments: Automotive, Electrical and Electronics, Industrial Machinery, Aerospace and Defense, Petrochemical, Utility, Other Process Industries, and Others. These are the major end-users of collaborative product definition management software solutions.
The adoption of SaaS-based cPDm applications is expected to grow rapidly in the near future. The traditional on-premises deployment of cPDm software solutions is slowly being replaced by single and multi-tenant hosted SaaS. SaaS is becoming a popular option for deploying enterprise software. In addition to the increased adoption of SaaS-based solutions by SMEs, they are gradually being used by large enterprises.
According to the report, the growth of the Global cPDm market is driven by several factors. One of the main factors is the increased need to develop competitive strategies. The competitive scenario in the global market has compelled companies to review their growth strategies to reduce losses and maximize profit margins.
Further, the report states that despite the presence of drivers, the Global cPDm market faces some serious challenges. One of the main challenges in this market is the increased concern over data security in cPDm. Users of cPDm software solutions face security issues because of the increased level of data sharing among multiple partners in the supply chain, which poses a serious challenge to market growth.
- Dassault Systèmes SA
- Parametric Technology Corp.
- SAP AG
- Siemens PLM Software Inc.
Other Prominent Vendors
- Accenture plc
- Autodesk Inc.
- IBM Corp.
- Oracle Corp.
- Synopsys Inc.
The report also includes a discussion of the other vendors operating in this market. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
For more information visit http://www.researchandmarkets.com/research/tfpnnk/global_cpdm
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