TechNavio today published its Product Data Management Software Market in India Survey Report based on an in-depth study focusing exclusively on India. The report aids decision makers™ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio™s Engineering Software team said, Use of cloud-based PDM software is not yet a major trend in the PDM Software market in India, with only a few companies preferring this option. Moreover, more than 65 percent of companies have no intention of adopting cloud-based PDM software over the next two years, thus restricting the reach of the Cloud-based PDM Software market.
According to the report, the ability of PDM software to track real-time information is the major driver for the growth of the market. Many manufacturing companies are adopting PDM software as a one-point access to all process-related information run in a company. In addition, PDM software provides control over the entire product development process and also enables better-quality and control of information. However, only a small percentage of companies prefer PDM software as a cost-reduction tool.
The report also discusses the data security challenges in the PDM Software market in India.
TechNavio™s reports are prepared based on an in-depth study of the market with inputs from key industry participants.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/product-data-management-software-market-ind…
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TechNavio Announces the Publication of its Report “ Product Data Management Software Market in India Survey Report
