The market is expected to grow at a CAGR of 8.41 percent during the period of 2013-2018.
London, 31 July 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on Global Collaborative Product Definition Management (CPDM) Market 2014-2018. The report analyzes the present scenario and the growth prospects of the market, and provides geographical segmentations as well as key market drivers, challenges and trends.
Global Product Lifecycle Management Market
“Many manufacturing companies require product lifecycle management software for various functions such as product design, design engineering, manufacturing, and disposal. CPDM is one of the segments of the Global PLM Software market, which deals with all the functional levels of the organization,” says Faisal Ghaus, Vice President of TechNavio Research.
Inclinations Towards SaaS-based CPDM
SaaS is becoming a popular option for deploying enterprise software. In addition to the increased adoption of SaaS-based solutions by SMEs, these solutions are gradually making their way into large enterprises as well, as a cost-effective alternative.
The subscription model for software available over the internet provides increased flexibility to organizations using SaaS-based software. Also, many vendors in the market have begun to offer CPDM software solutions through the SaaS model to expand their services and enter new markets.
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.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
