TechNavio today launched its report Global Collaborative Product Definition Management Market 2011-2015 based on an in-depth study covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the present and the future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Engineering team said; ”Cloud computing enables enterprises to store and access information hosted on a cloud. By hosting Collaborative Product Definition Management (cPDM) software in the cloud, enterprises can significantly reduce their operating cost, ensure better scalability, and make better, more informed decisions to improve product development processes. In addition, many vendors have started to offer a platform for cloud applications.”
According to the report, the Global cPDM market is driven by the Global Discrete industry, which includes the Automotive, Electronics, and Aerospace and Defense industries. The Global Discrete industry is growing at a rapid rate, which in turn creates more opportunities for cPDM software. In addition, the Discrete industry is growing at a faster rate in developing countries than in developed countries. The emergence of Discrete industries in developing countries enhances the demand for cPDM software in the market.
Further, the report also discusses that the lack of standardization is one of the major challenges hindering the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit http://goo.gl/7bOR7
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TechNavio Announces the Publication of its Report – Global Collaborative Product Definition Management Market 2011-2015
