DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/l334cw/global_cpdm) has announced the addition of the "Global cPDM Market in the AeroSpace and Defence Industry 2015-2019" report to their offering.
The global cPDM market in the aerospace and defense industry to grow at a CAGR of 10.57% over the period 2014-2019.
The report covers the current scenario and the growth prospects of the global cPDM market in the aerospace and defense industry for 2015-2019.
The report, Global cPDM Market in the Aerospace and Defense Industry 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 includes a discussion of the key vendors operating in this market.
Vendors are increasingly focusing on reducing the adoption cost of PLM and opting for cloud-based PLM software. Various PLM service providers are implementing PLM on the cloud for end-users. For instance, Wipro, a global information technology, consulting, and outsourcing firm, is providing cloud-based PLM services for Siemens PLM Software Teamcenter. These services help electronics and semiconductor manufacturing companies to deploy Teamcenter on the cloud through Infrastructure as a Service (IaaS). It also helps end-users to reduce upfront costs for implementation and the total cost of ownership (TCO).
According to the report, growth in the aerospace industry is expected to increase in the next few years owing to growing international trade and declining airfares. It is estimated that the number of commercial airplanes across the globe will grow by 3.62% on a yearly basis until 2030. This will lead to growth in the aerospace industry and, the demand for cPDM will also rise during the forecast period.
Further, the report states that Piracy issue of PLM software is a major challenge for vendors, leading to a decrease in their revenue.
- Dassault Systèmes
- Siemens PLM Software
Other prominent vendors
For more information visit http://www.researchandmarkets.com/research/l334cw/global_cpdm