DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/6dqwdx/global_product) has announced the addition of the "Global Product Data Management (PDM) Market 2014-2018" report to their offering.
The Global Product Data Management market to grow at a CAGR of 10.72% over the period 2013-2018
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.
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.
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.
The following are the major end-users of the Global Product Data Management market:
- Automotive industry
- Electrical and Electronics industry
- Industrial Machinery industry
- Aerospace and Defense sector
- Petrochemical
- Utility
- Other Process industries.
Key Vendors
- Dassault Systèmes
- Oracle
- Parametric Technology
- SAP
- Siemens PLM Software
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Market Segmentation by End-users
- Geographical Segmentation
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/6dqwdx/global_product
