DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/5w75c3/cpdm_market_in) has announced the addition of the "cPDM Market in the US 2015-2019" report to their offering.
The cPDM market in the US to grow at a CAGR of 8.34% over the period 2014-2019.
The report, cPDM Market in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The cPDM market in the US can be segmented into two application segments: comprehensive cPDM and cPDM focused applications.
Many cPDM solution providers in the US are undertaking initiatives to train individuals at colleges and universities. Siemens PLM software donated $22 million to Western University, where students will undergo training on the adoption and implementation of cPDM solutions. This helps trainees develop advanced skill sets at an early stage, which are required by more than 80,000 companies globally. The initiative is expected to reduce training costs for cPDM end-users.
According to the report, cPDM facilitates the integration of manufacturers, distributors, sellers, and resellers across the globe, allowing for faster time-to-market and a better understanding of the product market and customer feedback. Furthermore, the adoption of cPDM also boosts global supply chain management. For instance, Bombardier Aerospace adopted Siemens PLM Software Teamcenter; this enabled the company, headquartered in Canada, to coordinate with all of their divisions and connections across the US, Mexico, the UK, Italy, India, and South Korea.
Further, the report states that high implementation cost is the major growth inhibitor to the cPDM market in the US.
- Dassault Systems
- Siemens PLM Software
Other Prominent Vendors
- Altran Technologies
- Deloitte Consulting
- HCL Technologies
- Larsen & Toubro Technology Services
- Tech Mahindra
For more information visit http://www.researchandmarkets.com/research/5w75c3/cpdm_market_in