DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/cq7jbg/global_cpdm) has announced the addition of the "Global cPDM Market in the Automotive Sector: Research Analysis 2015-2019" report to their offering.
The global cPDM market in the automotive industry to grow at a CAGR of 10.18% over the period 2014-2019.
Global cPDM Market in the Automotive 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 focusing on reducing the adoption cost of PLM, which thereby leading to increased adoption of cloud-based PLM software. Various PLM service providers are implementing PLM on the cloud for end-users. For instance, Wipro, a global IT, consulting, and outsourcing firm, is providing cloud-based PLM services for Siemens PLM Software's solution, Teamcenter. These services help electronics and semiconductor manufacturing companies to deploy Teamcenter on the cloud through IaaS. It also helps end-users to reduce upfront costs for implementation and the TCO.
According to the report, the global cPDM market in the automotive sector is mainly driven by the increasing need for passenger safety. The increase in the number of deaths caused by road accidents has forced many governments to legislate to ensure that better safety features are included in vehicles.
Further, the report states that the training costs associated with PLM solutions such as cPDM are very high, which deters some companies from investing in cPDM software solutions. It also encourages some to consider adopting counterfeit and open-source cPDM software to obtain a cost advantage.
The report covers the current scenario and the growth prospects of the global cPDM market in the automotive industry for 2015-2019. The market can be segmented into two segments: software and services.
- Dassault Systèmes
- Siemens PLM Software
Other prominent vendors
For more information visit http://www.researchandmarkets.com/research/cq7jbg/global_cpdm