TechNavio today launched its report Product Data Management Software Market in India 2011-2015 based on an in-depth analysis focusing exclusively on India. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”Cloud computing technology offers huge space for data storage, access, flexibility, and security, and it is being widely accepted by several end-users across industries. Thus, there is an increasing trend of the development of cloud-based Product Data Management (PDM) solutions by PDM vendors. By hosting PDM over the cloud, enterprises can significantly reduce their operating cost, achieve better scalability, and make better, more-informed decisions to improve the product development process. Moreover, cloud-based PDM reduces the installation time and improves the overall efficiency of the solution. Therefore, many SMEs are expected to adopt cloud-based PDM software during the forecast period.”
According to the report, PDM is increasingly used in 3D designing in order to control and share the incredible volume of design data. For instance, revising or making changes in 3D data involves updating the changes in every file associated with the database. Therefore, PDM manages the changes in all the data and provides error-free data management. Thus, with the increasing use of 3D tools, the use of PDM solutions is on the rise, which is having a positive impact on the growth of the market.
Further, the report discusses that the decreased adoption of PDM solutions by small and medium-sized enterprises (SMEs) acts as a major barrier to the growth of the PDM Software market in India.
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 vendors. For further information on this report, please visit https://www.technavio.com/content/product-data-management-software-market…
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/engineering-software
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TechNavio Announces the Publication of its Research Report – Product Data Management Software Market in India 2011-2015
