- The key vendors in the cPDM market in the US 2015-2019 are Dassault Systèmes SA, Oracle Corp., Parametric Technology Corp. (PTC), SAP SE and Siemens PLM Software
London, 01 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the cPDM market in the US 2015-2019. Aim towards developing a trained workforce is one of the major trends being witnessed in this market. Many cPDM solution providers in the US are undertaking initiatives to train individuals at colleges and universities. Such initiatives are implemented to reduce training costs for cPDM end-users. The cPDM market in the US is likely to grow at a CAGR of 8.34% during the forecast period of 2014-2019.
The country is backed by the growth of several industries, including automotive, aerospace and defense, electrical and electronics, and industrial machinery, which have a worldwide presence. This necessitates the need for centralization and effective monitoring of various business units in an organization. Functioning units such as supply chain, purchase, customer relationship, R&D, and manufacturing require continuous collaboration among themselves to develop effective results.
“Companies such as Siemens PLM software, Dassault Systèmes, and PTC are offering cloud-based cPDM software in the US,” says Faisal Ghaus, Vice President of Technavio Research.
“Industries are increasingly focusing on reducing cPDM adoption costs, which has led to the popularity of cloud-based cPDM solutions. These cloud-based solutions allow end-users to reduce upfront costs and total cost of ownership.”
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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