LONDON, Nov. 10, 2015 /PRNewswire/ --
Collaborative product definition management (cPDM) software solutions is a strategic business approach applying a consistent set of business solutions that collaboratively provide effective and efficient methods for managing the functions of product lifecycle management (PLM). They help in effective product data management, collaborative product visualization, collaborative product commerce, effective integration of cPDM with enterprise applications, and supplier relationship management (SRM). cPDM software solutions assist in streamlining manufacturing and production processes for efficient business operation. cPDM helps enterprises bring innovative and profitable products to market more effectively in the evolving e-business web-enabled environment. These software solutions are adopted by industries such as the automotive, electronics, industrial machinery, aerospace and defense, process packaged goods, petrochemical, and shipbuilding.
Technavio's analysts forecast the global cPDM market in the automotive industry to grow at a CAGR of 10.18% over the period 2014-2019.
Covered in this report
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.
Technavio's report, 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.
- Dassault Systèmes- PTC- Siemens PLM Software
Other prominent vendors
Key market driver
- Increased number of product recalls in automotive industry- For a full, detailed list, view our report
Key market challenge
- High product and training cost hindering investments in cPDM
- For a full, detailed list, view our report
Key market trend
- Availability of cloud-based services- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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