- The key vendors in the Global Product Data Management (PDM) Market 2014-2018 are Dassault Systèmes SA, Oracle Corp., Parametric Technology Corp., SAP AG and Siemens AG.
London, 03 September 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Product Data Management (PDM) Market 2014-2018. One of the trends emerging in this 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. The market is expected to grow at a CAGR of 10.72 percent during the forecast period of 2013-2018.
PDM is a software tool responsible for the creation, management, and publication of product data. It helps to organize product development by combining documents, technical data, computer aided designs, and images that are required to design, manufacture, support, and maintain a product. It reduces development errors and costs by enabling a collaborative product development cycle.
“Market consolidation is expected to take place during the forecast period, thereby increasing the market demand for cPDM software and PDM software, which constitute a main segment of the cPDM market,” says Faisal Ghaus, Vice President of TechNavio Research.
“Many vendors are trying to enhance their market potential and product portfolio through M&A and strategic alliances.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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