London, 11 June 2015: Technavio, the independent tech-focused global research firm, has published a report on the DM market in India 2015-2019, which is expected to grow at a CAGR of 7.31% during the forecast period of 2014-2019.
“By accessing DM software from a cloud, manufacturing companies can reduce operating costs, ensure better scalability, and make informed decisions to improve the product development processes,” says Faisal Ghaus, Vice President of Technavio.
“Many large enterprises prefer cloud-based applications as these can meet various government regulations and reduce operating expenses.”
Key Market Drivers
- Advantages of DM
- Use of DM for Improved Traceability
- Need to Link Various Fields of Manufacturing
- Reduction in Overall Time-to-market
Key Market Trends
- Evolution of DDM
- Compact DM
- Increased Use of Cloud-based DM Software
Key Market Vendors
- Dassault Systèmes
- PTC (Parametric Technology) Inc.
- Siemens PLM Software Inc.
To define the market circumstances 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.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
